Swifty Corporation has the following inventory data: July 1 Beginning inventory 30 units at $15 $450 7 Purchases 106 units at $16 1696 22 Purchases 15 units at $17 255 $2401 A physical count of merchandise inventory on July 30 reveals that there are 38 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is
$1755.
$1778.
$1823.
$1702.
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Swifty Corporation has the following inventory data: July 1 Beginning inventory 30 units at $15 $450...
- 15. Pasquale has the following inventory information. July 1 Beginning Inventory 20 units at $19 $ 380 7 Purchases 70 units at $20 1,400 22 Purchases 10 units at $24 240 $2,020 A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is a. $1,390. b. $1,414. c. $1,470. d. $1,440.
Bonkers Bananas has the following inventory data:
July 1
Beginning inventory
42 units at $21
$882
7
Purchases
148 units at $22
3256
22
Purchases
21 units at $23
483
$4621
A physical count of merchandise inventory on July 30 reveals that
there are 53 units on hand. Using the LIFO inventory method, the
amount allocated to ending inventory for July is
$1187.
$1219.
$1124.
$1113
QUESTION 5 Olympus Climbers Company has the following inventory data: July 1 Beginning inventory 30 units at $19 $ 570 Purchases 105 units at $20 2,100 Purchases 15 units at $22 _330 $3,000 A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is O $930. $990. $2,010. $2,070.
Ayayai Corp. has the following inventory data: July 1 Beginning Inventory 38 units at $19 $722 7 Purchases 132 units at $20 2640 22 Purchases 19 units at $21 399 $3761 A physical count of merchandise inventory on July 30 reveals that there are 47 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is $2859. $2708. $2802. $2774.
Ayayai Corp. has the following inventory data: July 1 Beginning inventory 28 units at $18 $504 7 Purchases 99 units at $19 1881 22 Purchases 14 units at $21 294 $2679 A physical count of merchandise inventory on July 30 reveals that there are 45 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is
14. Pasquale has the following inventory information. July 1 Beginning Inventory 20 units at $19 $ 380 7 Purchases 70 units at $20 1,400 22 Purchases 10 units at $24 240 $2,020 A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is
QUESTION 7 Apple-A-Day Company has the following inventory data: 40 units at $20 $ 800 July 1 Beginning inventory 140 units at $21 7 Purchases 2,940 20 units at $22 22 Purchases 440 $4,180 A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is $3,170. $3,080 $3,110 $3,010
Swifty Corporation just began business and made the following four inventory purchases in June: June June 10 June 15 June 28 123 units 164 units 164 units 123 units $738 1148 1312 1107 14305 A physical count of merchandise Inventory on June 30 reveals that there are 164 units on hand. Using the LIFO Inventory method, the value of the ending inventory on June 30 is $984, $1435 $1476 $1025
Question 6 Blue Spruce Corp. has the following inventory data: July 1 Beginning inventory 126 units at $19 441 units at $20 03 units at 22 2394 820 22 Purchases A physical count of merchandise inventory on July 10 reveals that there are 210 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July $4326. $8274 $12580 $4074
Sheffield has the following inventory information. July 1 Beginning Inventory 20 units at $16 $320 7 Purchases 70 units at $21 1470 22 Purchases 20 units at $23 460 $2250 A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is