Homework Answers
If 230 units still on Hand means Qty sold = (90 + 270 +100) - 230 = 230
As per LIFO, the stocks are out on last in first out basis
value of ending inventory is
| Qty | Price | Amount |
| 90.00 | 5.00 | 450.00 |
| 140.00 | 13.00 | 1,820.00 |
| Ending Inventory | 2,270.00 | |
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need help with this problem - thank you
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1. Complete the table to determine the cost assigned to ending inventory and cost of goods...
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identification.
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3. Determine the cost assigned to ending inventory
and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory
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need help with this problem - thank you
Tomasino's inventory records show the following data at January 31: Beginning inventory Jan. 1 Jan. 10 purchase Jan. 22 purchase 90 units at $9 per unit 300 units at $11 per unit 90 units at $12 per unit At January 31, 210 units are still on hand. What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method? O A. $2,250 O B. $1,890 OC. $2,400...
1. Complete the table to determine the cost
assigned to ending inventory and cost of goods sold using specific
identification.
2. Determine the cost assigned to ending inventory
and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory
and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory
and to cost of goods sold using LIFO.
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