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Bet's, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of February were as follows: Purchase Feb. 4 Purchase Feb. 13 16 gizmos@ $10 each 14 gizmos @ $12 each Purchase Feb. 27 23 gizmos @ $15 each On February 17 (Hint: before Feb. 27 purchase) the company sold 20 units of this product. Assuming that the company uses the LIFO flow assumption, the cost of goods sold to be recorded at Feb. 17 GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING $ SIGN

Betty Bobs, 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 bobs @ $10 each Purchase Jan. 11 14 bobs @ $12 each Sale Jan. 14 25 bobs @ $20 each Purchase Jan. 17 10 bobs @ $13 each Assuming that the company uses the FIFO flow assumption, the ending inventory to be recorded January 31 is: GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING & SIGN Question 5 of 19

A company has the following per unit original costs and replacement costs for its inventory: Part A: 50 units with a cost of $5 and replacement cost of $4.50. Part B: 75 units with a cost of $6 and replacement cost of $6.50. Part C: 160 units with a cost of $3 and replacement cost of $2.50. Under the lower of cost or market method applied to individual items, the total value of this company's ending inventory must be reported as: Question 10 of 19

Bets'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 pairs @ $10 each Purchase Jan. 11 14 pairs @ $12 each Purchase Jan. 20 23 pairs @ $15 each On January 14, the company sold 25 units of this product. The other 28 units remained in inventory at January 31, Assuming that the company uses the average cost flow assumption, the cost of goods sold to be recorded at January 14 is (round cost per unit to nearest cent before computing the value of cost of goods sold): GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING S SIGN

stion 16 Bet's, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of February were as follows: Purchase Feb. 4 Purchase Feb. 13 Purchase Feb. 27 16 gizmos @ $10 each 14 gizmos @ $12 each 23 gizmos @ $15 each In February the company sold 20 units of this product and records inventory using Specific Identification. Of the 20 sold: 4 were from 2/4 purchase, 10 were from 2/13 purchase and 6 were from 2/27 purchase. Compute ending inventory. GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING S SIGN

Bet's, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of February were as follows: Purchase Feb. 4 16 gizmos @ $10 each Purchase Feb. 13 14 gizmos @ $12 each Purchase Feb. 27 23 gizmos @ $15 each On February 17 the company sold 20 units of this product. Assuming LIFO, the ending inventory at February 28 is: GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING S SIGN