a. Cost of merchandise sold = 99*27 + 85*23 = $4628
b. Inventory = (118-99)*27 +(106-85)*23 = $996
Perpetual Inventory Using LIPO Beginning inventory, purchases, and sales for Item PK95 are as follows: January...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item PK95 are as follows: January 1 Inventory 96 units @ $32 5 Sale 77 units 11 Purchase 107 units @ $36 21 Sale 90 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on January 21 and (b) the inventory on January 31. a. Cost of merchandise sold on January 21 $ b. Inventory on January 31 $
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item PK95 are as follows: October 1 Inventory 80 units @ $31 5 Sale 64 units 11 Purchase 89 units @ $33 21 Sale 75 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on October 21 and (b) the inventory on October 31. a. Cost of merchandise sold on October 21 b. Inventory on October 31
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jan. 1 Inventory 106 units @ $27 8 Sale 85 units 15 Purchase 118 units @ $31 27 Sale 99 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Jan. 27 and (b) the inventory on Jan. 31. a. Cost of goods sold on Jan. 27 b. Inventory on Jan. 31
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item PK95 are as follows: July 1 Inventory 55 units @ $23 9 Sale 43 units 13 Purchase 49 units @ $26 28 Sale 17 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on July 28 and (b) the inventory on July 31. a. Cost of merchandise sold on July 28 $ b. Inventory on July 31 $
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item PK95 are January 1 Inventory 39 units @ $24 Sale 30 units 13 Purchase 41 units @ $28 28 Sale 16 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on January 28 and (b) the inventory on January 31. a. Cost of merchandise sold on January 28 EN b. Inventory on January 31
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item PK95 are as follows: August 1 Inventory 76 units @ $23 9 Sale 62 units 13 Purchase 87 units @ $26 28 Sale 20 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on August 28 and (b) the inventory on August 31. a. Cost of merchandise sold on August 28 $ b. Inventory on August 31 $...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item HM46 are as follows: October 1 Inventory 94 units $27 5 Sale 75 units 11 Purchase 104 units $30 21 Sale 87 units Assuming a perpetual inventory system and using the last-in, first-out (LIF0) method, determine (a) the cost of merchandise sold on October 21 and (b) the inventory on October 31 a. Cost of merchandise sold on October 21 b. Inventory on October 31
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item C283 are as follows: March 1 Inventory 98 units $17 5 Sale 78 units 11 Purchase 109 units $21 21 Sale 92 units Assuming a perpetual inventory system and using the last in, first-out (LIFO) method, determine (a) the cost of merchandise sold on March 21 and (b) the inventory on March 31. a. Cost of merchandise sold on March 21 b. Inventory on March 31
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item HM46 are as follows: July 1 Inventory 82 units @ $29 5 Sale 66 units 11 Purchase 91 units @ $32 21 Sale 76 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on July 21 and (b) the inventory on July 31. a. Cost of merchandise sold on July 21 $ b. Inventory on July 31 $
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item ER27 are as follows: October 1 Inventory 86 units @ $35 5 Sale 69 units 11 Purchase 95 units @ $39 21 Sale 80 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on October 21 and (b) the inventory on October 31. a. Cost of merchandise sold on October 21 $ b. Inventory on October 31 $