Answer Happy

Posted: **Sun Jun 05, 2022 5:18 pm**

: 18 01 13 26 Grays Company Has The Following Purchases And Sales During The Month Of August Using The Fifo Perpetual Inv 1 (21.79 KiB) Viewed 57 times

: 18 01 13 26 Grays Company Has The Following Purchases And Sales During The Month Of August Using The Fifo Perpetual Inv 2 (24.16 KiB) Viewed 57 times

: 18 01 13 26 Grays Company Has The Following Purchases And Sales During The Month Of August Using The Fifo Perpetual Inv 3 (21.21 KiB) Viewed 57 times

: 18 01 13 26 Grays Company Has The Following Purchases And Sales During The Month Of August Using The Fifo Perpetual Inv 4 (21.03 KiB) Viewed 57 times

: 18 01 13 26 Grays Company Has The Following Purchases And Sales During The Month Of August Using The Fifo Perpetual Inv 5 (20.7 KiB) Viewed 57 times

18 01:13:26 Grays Company has the following purchases and sales during the month of August. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 12 units that were sold? Activities Unite Sold at Netail Date August 1 August 3 Beginning inventory Purchase. Units Acquired at Cost 10 units @ $22 - $220 20 units @ $24- $480 August 6 Sales 12 units sold Mutiple Choice $240 $268 $284. $262 $260. O O
19 011214 Mc A company's inventory records indicate the following data for the month of April Date Units Sold at Retail April 1 April 7 April 11 Activities Beginning inventory Purchase Units Acquired at Cost 880 units $36 $31,680 760 units $40 $30,400 Sale T 1,360 units # $110 April 16: April 22. Purchase Sale 680 units $44 $29,920 400 units $110 April 29 Purchase 660 units $50 - $33,000 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method. Ending Inventory consists of 430 units from the April 29 purchase. 380 units from the April 16 purchase, 390 units from the April 7 purchase, and 100 units from beginning inventory. Multiple Choice < Prev 19 f 40 Next > O C $65,480 501040 557420 $104,480
20 2011257 A company's inventory records indicate the following data for the month of January Date Activities Beginning inventory January 1 January 8 Units Acquired at Cost 390 units $18- $7,020 370 units @ $20-$7,400 Purchase January 12 Sale January 17 Purchase Sale 430 units @ $22- 59,460 January 23 January 28 Purchase 490 units $24 - $11.760 if the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory? Muniple Choice Ned O O $6,930 $13770 $18.00, $10,000 Units Sold at Retail 660 unita $70 315 units $70
21 091244 Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Activities Date: June 1 Unita Acquired at Cost 15 units $33- $495 Units Sold at Retail Beginning inventory Sale June 15 6 units # $63 June 29 Purchase 8 units $38 $304 The cost of the ending inventory is Mutiple Choice $495 $405 < Prev 21 of 40 O O O O 1304 5001 5309 Nex;>
22 Salmone Company reported the following purchases and sales of its only product Salmone uses a perpetual inventory system Determine the cost assigned to the ending inventory using FIFO Date Activities Units Acquired at Cost 190 unita $10-$1,900 Units Sold at Retail May 1 May 5 Beginning inventory Purchase 260 units $12- $3,120 May 10 Sales 180 units $20 May 15 Purchase 140 units $13 $1,820 May 24 Sales 130 units $21 MA 22 40 09:12:27 E Mutiple Choice O O O O $3,300 $3,300 $3.370 $3.340 $3,500 < Prev Next >