Ending inventory = Units available - Units sold
= (1030+520+388+500)-1810
= 628 units
Cost of ending inventory = (500*8.97) + (628-500)*8.27
= 5544
Option C is the answer
Number Unit Transaction of Units Date Cost Mar. 1 Beginning inventory 1,030 $7.17 Mar.10 Purchase 520...
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning Inventory 1,000 $ 7.20 Mar. 10 Purchase 600 7.25 Mar. 16 Purchase 800 7.30 Mar. 23 Purchase 600 7.35 Marvin sold 2,300 units of inventory during the month. Ending inventory assuming LIFO would be: 2. Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 990 $ 7.29 Mar. 10 Purchase 580 7.79...
Exam Saved Inventory records for Marvin Company revealed the following: 37 Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase Number of Units 900 510 456 510 Unit Cost $7.28 7.78 8.38 9.08 Marvin sold 1750 units of inventory during the month. Ending inventory assuming FIFO w- calculations. Round your answer to the nearest dollar amount.) Multiple Choice $6.552 $1312
Sayed Savel Inventory records for Marvin Company revealed the following: Number of Units 1,100 520 411 510 Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar. 16 Purchase Mar.23 Purchase Unit Cost $7.28 7.78 8.38 9.08 30 Marvin sold 1.910 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not roun your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice < Prev 30 of 44 Next > Multiple Choice $5,176. $5,645. $8,008...
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning Inventory 1,000 $ 7.20 Mar. 10 Purchase 600 7.25 Mar. 16 Purchase 800 7.30 Mar. 23 Purchase 600 7.35 Marvin sold 2,300 units of inventory during the month. Ending inventory assuming FIFO would be:
Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar.16 Purchase Mar.23 Purchase Number of Units 1,080 570 900 550 Unit Cost $7.14 7.31 7.48 17.66 Marvin sold 2,000 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Do not round your intermediate calculations and round your final answer to nearest dollar amount. Round weighted-average unit cost to 4 decimals if necessary.)
1.Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning Inventory 1,000 $ 7.20 Mar. 10 Purchase 600 7.25 Mar. 16 Purchase 800 7.30 Mar. 23 Purchase 600 7.35 Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming FIFO would be:
Date Transaction July 1 Beginning inventory July 25 Purchase Number of Units 520 380 Unit Cost $2.31 2.66 Water Inc. sold 550 units of inventory during the month. Ending inventory assuming weighted average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.) $860. $940. $870. $828.
Date Transaction Apr. 1 Beginning inventory Apr.20 Purchase Number of Units 400 340 Unit Cost $2.12 2.70 Dunbar sold 630 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice O O O O
Date Transaction Apr. 1 Beginning inventory Apr.20 Purchase Number of Units 400 410 Unit Cost $2.47 2.68 Dunbar sold 590 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) 1 0 0 0 0
Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 470 $ 2.11 Apr. 20 Purchase 400 2.67 Dunbar sold 640 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $614. $485. $992. $1,068.