Can someone help? This problem has me really torn, I can't seem
to solve it. Any help would be great. 
Homework Answers
1) Cost of merchandise sold on November 21 = (10*5+26*7) = 232
2) Ending inventory = 44*7 = $308
3) cost of merchandise sold on November 21 = 8*5 = 40
4) Ending inventory = 30*7 = 210
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Can someone help? This problem has me really torn, I can't seem
to solve it. Any...
Use the Dynamic Exhibit to answer the following questions. 1. When the number of units sold...
Use the Dynamic Exhibit to answer the following questions. 1. When the number of units sold on November 21 is 36, the cost of merchandise sold on November 21 is $ 2. When the number of units sold on November 21 is 36, the ending inventory on November 30 is $ 3. When the number of units sold on November 21 is 8, the cost of merchandise sold on November 21 is $ 4. When the number of units sold...
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Question 1
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Can someone help me with part B?
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Use the Dynamic Exhibit to answer the following questions. 1. When the number of units sold on November 21 is 36, the cost of merchandise sold on November 21 is $ 2. When the number of units sold on November 21 is 36, the ending inventory on November 30 is $ 3. When the number of units sold on November 21 is 8, the cost of merchandise sold on November 21 is $ 4. When the number of units sold...
Question 1
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item ER27 are as follows: May 1 Inventory 80 units @ $20 Sale 9 67 units 13 78 units @ $22 Purchase 28 Sale 19 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on May 28 and (b) the inventory on May 31. a. Cost of merchandise sold on May 28 b. Inventory on May 31...
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Can someone help me with part B?
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