Answer Happy

Shown below is activity for one of the products of Denver Office Equipment: 1 January 1 balance, 550 units & S60 per unit $33,000 Purchasest January 101 550 units 365 per unit January 201 1.100 units 557 per unit Sales January 12: 950 units January 28: 800 units 22:59:11 Required: Compute the January 31 ending Inventory and cost of goods sold for January, assuming Denver uses average cost and a perpetual Inventory system (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Dok Ending Inventory Cost of goods sold
Shown below is activity for one of the products of Denver Office Equipment 2 January 1 balanco, 520 unito e $50 per unit $26,000 Purchase January 101 520 units 555 per unit January 201 1,040 units 559 per unit Salest January 121 820 units January 281 770 units 55-04 Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a periodic inventory system Ending inventory Cost of goods sold
7 Memphis Wholesale Market applies the lower of cost or net realizable valuation to individual products and has collected the following data: Selling price Cont costs to sell Product $101 71 16 Product $126 76 21 Product c $.81 81 7 Determine the inventory book value for Products A, B, and C. 02:50:51 NRY Cost Inventory Value Product А B С Book