A company had inventory on November 1 of 5 units at a cost of $30 each....
A company had inventory on November 1 of 5 units at a cost of $30 each. On November 2, they purchased 20 units at $32 each. On November 6 they purchased 16 units at $35 each. On November 8, 18 units were sold for $65 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?
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A company had inventory on November 1 of 5 units at a cost of
$30 each....
Only answer. A company had inventory on November 1 of 5 units at a cost of...
Only answer.
A company had inventory on November 1 of 5 units at a cost of $30 each. On November 2, they purchased 20 units at $32 each. On November 6 they purchased 16 units at $35 each. On November 8, 18 units were sold for $65 each. Using the perpetual LIFO inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice Ο Ο $784 Ο Ο $756 Ο A company purchased a...
21 A company had inventory on November 1 of 5 units at a cost of $20...
21 A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method, what was the value of the Inventory on November 8 after the sale?
A company had inventory on November 1 of 5 units at a cost of $21 each....
A company had inventory on November 1 of 5 units at a cost of $21 each. On November 2, they purchased 11 units at $23 each. On November 6 they purchased 7 units at $26 each. On November 8, 10 units were sold for $56 each. Using the perpetual LIFO inventory method, what was the value of the inventory on November 8 after the sale? Ο Ο Ο Ο Ο < Prev 12 of 47 !!! Next >
A company had inventory on November 1 of 5 units at a cost of $17 each....
A company had inventory on November 1 of 5 units at a cost of $17 each. On November 2, they purchased 12 units at $19 each. On November 6 they purchased 8 units at $22 each. On November 8, 12 units were sold for $52 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice Ο $237 Ο $309 Ο $230 Ο $254 Ο $242
1. The Boxwood Company sells blankets for $34 each. The following was taken from the inventory...
1. The Boxwood Company sells blankets for $34 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 9 $16 10 Sale 3 17 Purchase 16 $17 20 Sale 5 23 Sale 2 30 Purchase 12 $22 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May...
Starlight Company has inventory of 8 units at a cost of $200 each on October 1....
Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the perpetual LIFO inventory method, what is the value of inventory after the October 4 sale $3,461 $3,500 $3,445 $3,485 $3,472
A company had beginning inventory of 11 units at a cost of $17 each on March...
A company had beginning inventory of 11 units at a cost of $17 each on March 1. On March 2, it purchased 11 units at $28 each. On March 6 it purchased 5 units at $22 each. On March 8, it sold 26 units for $65 each. Using the FIFO perpetual inventory method, what was the cost of the 26 units sold?
Assume Clickaway.com began January with 12 units of inventory that cost a total of $240. During...
Assume Clickaway.com began January with 12 units of inventory that cost a total of $240. During January, Clickaway.com purchased and sold goods as follows: Jan. 8 Purchase 36 units @ $21 14 Sale 30 units @ $42 22 Purchase 24 units @ $23 27 Sale 36 units @ $42 Under the FIFO inventory costing method and the perpetual inventory system, how much is Clickaway.com's cost of goods sold for the sale on January 14? O A. $1,260 O B. $996...
Assume Bargain.com began April with 10 units of inventory that cost a total of $150. During...
Assume Bargain.com began April with 10 units of inventory that cost a total of $150. During April, Bargain.com purchased and sold goods as follows: Apr. 8 Purchase 30 units @ $16 14 Sale 25 units @ $32 22 Purchase 20 units @ $18 27 Sale 30 units @ $32 Suppose Bargain.com used the LIFO inventory costing method and the periodic inventory system. Using the information above, determine Bargain.com's cost of goods sold at the end of the month. O A....
B. The beginning inventory amount D. Equal to the cost of goods purchased 31. A company...
B. The beginning inventory amount D. Equal to the cost of goods purchased 31. A company that uses a perpetual inventory syste beginning inventory. a perpetual inventory system made the following cash purchases and sales. There was no January 1: Purchased 100 units at $10 per unit. February 5: Purchased 60 units at $12 per unit. March 16: Sold 40 Units for $16 per unit Prepare the general journal entries to record the March 16 sale using the LIFO inventory...
Only answer.
A company had inventory on November 1 of 5 units at a cost of $30 each. On November 2, they purchased 20 units at $32 each. On November 6 they purchased 16 units at $35 each. On November 8, 18 units were sold for $65 each. Using the perpetual LIFO inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice Ο Ο $784 Ο Ο $756 Ο A company purchased a...
21 A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method, what was the value of the Inventory on November 8 after the sale?
A company had inventory on November 1 of 5 units at a cost of $21 each. On November 2, they purchased 11 units at $23 each. On November 6 they purchased 7 units at $26 each. On November 8, 10 units were sold for $56 each. Using the perpetual LIFO inventory method, what was the value of the inventory on November 8 after the sale? Ο Ο Ο Ο Ο < Prev 12 of 47 !!! Next >
A company had inventory on November 1 of 5 units at a cost of $17 each. On November 2, they purchased 12 units at $19 each. On November 6 they purchased 8 units at $22 each. On November 8, 12 units were sold for $52 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice Ο $237 Ο $309 Ο $230 Ο $254 Ο $242
Assume Clickaway.com began January with 12 units of inventory that cost a total of $240. During January, Clickaway.com purchased and sold goods as follows: Jan. 8 Purchase 36 units @ $21 14 Sale 30 units @ $42 22 Purchase 24 units @ $23 27 Sale 36 units @ $42 Under the FIFO inventory costing method and the perpetual inventory system, how much is Clickaway.com's cost of goods sold for the sale on January 14? O A. $1,260 O B. $996...
Assume Bargain.com began April with 10 units of inventory that cost a total of $150. During April, Bargain.com purchased and sold goods as follows: Apr. 8 Purchase 30 units @ $16 14 Sale 25 units @ $32 22 Purchase 20 units @ $18 27 Sale 30 units @ $32 Suppose Bargain.com used the LIFO inventory costing method and the periodic inventory system. Using the information above, determine Bargain.com's cost of goods sold at the end of the month. O A....
B. The beginning inventory amount D. Equal to the cost of goods purchased 31. A company that uses a perpetual inventory syste beginning inventory. a perpetual inventory system made the following cash purchases and sales. There was no January 1: Purchased 100 units at $10 per unit. February 5: Purchased 60 units at $12 per unit. March 16: Sold 40 Units for $16 per unit Prepare the general journal entries to record the March 16 sale using the LIFO inventory...
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