A company has beginning inventory of 12 units at a cost of $28 each on February 1. On February 3, it purchases 38...
Saved Help Save & Exit Submit A company has beginning inventory of 12 units at a cost of $28 each on February 1. On February 3, it purchases 38 units at $30 each. 17 units are sold on February 5. Using the periodic FIFO inventory method, what is the cost of the 17 units that are sold? Multiple Choice Ο Ο $490 Ο $486 Ο Ο $504 Ο () $514 Ο 4476 31 of 47 Next >
17. A company has beginning inventory of 15 units at a cost of $25 each on February 1 On February 3, it purchases 35 units at $27 each. 17 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 17 units that are sold?
A company has beginning inventory of 19 units at a cost of $19 each on February 1. On February 3, it purchases 29 units at $21 each. 25 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 25 units that are sold? Multiple Choice $487 $504 $491 $494 $475
A company has beginning inventory of 32 units at a cost of $12.00 each on October 1. On October 5, it purchases 22 units at $13.00 per unit. On October 12 it purchases 32 units at $14.00 per unit. On October 15, it sells 66 units. Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?
A company has beginning inventory of 42 units at a cost of $13.00 each on October 1. On October 5, it purchases 27 units at $14.00 per unit. On October 12 it purchases 37 units at $15.00 per unit. On October 15, it sells 81 units. Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?
A company had beginning inventory of 12 units at a cost of $24 each on March 1. On March 2, it purchased 12 units at $42 each. On March 6 it purchased 7 units at $29 each. On March 8, it sold 28 units for $72 each. Using the FIFO perpetual inventory method, what was the cost of the 28 units sold? $995 $744 $908 $792 $812
The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 470 units at $5 each on January 1. Xu purchases 415 units at $4 each in February and 115 units at $6 each in March. There were no additional purchases or sales during the remainder of the quarter. Xu sells 320 units during the quarter. If Xu uses the weighted-average method, what is its cost of goods sold for the first quarter?
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?
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.
Help Save & Exit Submit A company had beginning inventory of 12 units at a cost of $18 each on March 1. On March 2. it purchased 12 units at $30 each. On March 6 lt purchased 7 units at $23 each. On March 8, it sold 28 units for $66 each. Using the perpetual FIFO inventory method, what was the cost of the 28 units sold? Multiple Choice O $558 O $668 o $576 o $644 O $737 <...