PLEASE HELP URGENT!!! What is the value of the inventory after the January 7 transaction? (1 point) What amount of cost

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PLEASE HELP URGENT!!!
What is the value of the inventory after the January 7
transaction? (1 point)
What amount of cost of goods sold will be recorded on January
10? (1 point)
What is the value of the inventory after the January 10
transaction? (1 point)
What is the gross profit percentage on the January 10
sale? (1 point)
What is the amount of gross profit on the January 10
sale? (1 point)
What is the value of the inventory after the January 12
transaction? (1 point)
What amount of cost of goods sold will be recorded on January
17? (1 point)
What is the value of the inventory after the January 17
transaction? (1 point)
What is the gross profit percentage on the January 17
sale? (1 point)
What is the amount of gross profit on the January 17
sale? (1 point)
What is the value of the inventory after the January 24
transaction? (1 point)
What is the total revenue for the month? (1 point)
What is the total amount of gross profit for the
month? (2 points)
What is the amount of the adjustment that must be made to
inventory at the end of the month if the selling price drops to
$20? For this question, start your answer with a + sign if an
increase, a - sign if a decrease, or enter 0 if no adjustment is
needed. (2 points)
What is the amount of the adjustment that must be made to
inventory at the end of the month if the selling price drops to
$30? For this question, start your answer with a + sign if an
increase, a - sign if a decrease, or enter 0 if no adjustment is
needed. (2 points)
Burlington Wholesale Inc. had the following inventory
transactions for one month. The company uses a perpetual system and
FIFO. All purchases and sales are on account. Use an
inventory cost chart and an accounting chart to help you analyze
these transactions, and then answer the questions below.
Number of items
Unit cost or selling price
January 1
Opening balance
40
$20
January 5
Purchase
20
$22
January 7
Purchase of January 5 items returned to supplier
-5
January 10
Sale
50
$40
January 12
Purchase
25
$24
January 17
Sale
20
$50
January 24
Purchase
35
$25