Joe's widgets, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its

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Joe's widgets, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING $ SIGN I.e. 60, NOT $60, NOT 5@$12 Beginning Inventory (Jan.1) Purchase Jan. 11 Sale Jan. 14 25 widgets @ $20 Assuming that the company uses the FIFO flow assumption, the cost of goods sold to be recorded at January 14 is: 16 widgets @ $10 each 14 widgets @ $12 each each

Joe's widgets, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING S SIGN I.e. 60, NOT $60, NOT 5@S12 Beginning Inventory (Jan.1) 16 widgets @ $10 each Purchase Jan. 11 14 widgets @ $12 each Sale Jan. 14 25 widgets @ $20 each What is the Cost of Goods Available for January?

Joe's Shoes, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: Beginning Inventory (Jan. 1) 16 widgets @ $10 each for Total Cost of $160 Purchase Jan. 11 14 widgets @ $12 each for Total Cost of $168 23 widgets @ $15 each for Total Cost of $345 Purchase Jan. 20 Total Cost of Goods Available for Sale $673 On January 14, the company sold 25 units of this product. The other 28 units remained in inventory at January 31. Assuming average cost flow, the total value of ending inventory at January 31 is: GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING S SIGN

Joe's Shoes, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: Beginning Inventory (Jan.1) 16 widgets @ $10 Purchase Jan. 11 14 widgets @ $12 Sale Jan. 14 25 widgets @ $25 23 widgets @ $15 Purchase Jan. 20 Sale Jan. 25 3 widgets @ $25 Calculate End. Inv. under LIFO GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING S SIGN Question 12 of 19