Average cost | 9.07 | =825/91 |
Ending inventory units | 12 | =91-79 |
The ending inventory at May 31: | ||
FIFO | 120 | =12*10 |
LIFO | 96 | =12*8 |
Average cost | 109 | =12*9.07 |
Sandhill Co, uses a periodic inventory system. Its records show the following for the month of...
Question 5 Flint Corporationuses a periodic inventory system. Its records show the following for the month of May, in which 79 units wi sold. Date Units Unit Cost May 1 Explanation Inventory Purchase Purchase Total Cost $252 240 462 Total $954 Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to o decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at May 31 Click If you would like to Show Work...
Flint Corporation uses a periodic inventory system. Its records show the following for the month of May, in which 79 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 15 Purchase - 34 - 24 - 42 100 $9 10 11 $306 240 462 $1,008 24 Purchase Total Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ Calculate the ending inventory at May 31 using the FIFO, LIFO...
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sandhill co uses a periodic inventory system. it’s records show Wowie i Urtbook ment Sandhill Co. uses a periodic inventory system. Its records show the following for the month of May, in which 79 units were sold. anation Units Unit Cost Total Cost Date May 1 15 24 Explanation Inventory Purchase Purchase Total Calculate the weighted average unit cost. (Round answer to 3 decimal places.. 5.125.) Weighted-average unit cost Calculate the ending inventory at May 31 using the FIFO, LIFO...
Horn Corp uses a periodic inventory system. Its records show the following for the month of May, in which 78 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 35 $8 $280 15 Purchase 25 9 225 24 Purchase 40 10 400 Total 100 $905 Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.)
Grouper Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold Date Explanation Units Unit Cost Total Cost $324 May 1 Inventory $9 15 Purchase 2210220 Purchase 42 11 462 Total $1,006 Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to...
Riverbed Corp uses a periodic inventory system. Its records show the following for the month of May, in which 75 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $8 $272 15 Purchase 26 9 234 24 Purchase 40 10 400 Total 100 $906 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round...
Cullumber Company uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $9 $306 15 Purchase 26 10 260 24 Purchase 40 11 440 Total 100 $1,006 Incorrect answer iconYour answer is incorrect. Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ Calculate the ending inventory at May 31 using...
Ballas Co. uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold. Unit Cost Units Total Cost $240 A May 1 15 24 Inventory Purchases Purchases 30 25 35 $8 11 12 275 420 Totals 90 $935 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO * Ending inventory at May 31 **** ** Cost of goods sold
Headlands Industries uses a periodic inventory system. Its records show the following for the month of May, in which 77 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $10 $340 15 Purchase 26 11 286 24 Purchase 40 12 480 Total 100 $1,106 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $Enter the Weighted-average unit cost in dollars LINK TO TEXT LINK TO VIDEO Calculate the...