Cheyenne has the following inventory data:
July 1 | Beginning inventory | 26 units at $5.30 | ||
5 | Purchases | 106 units at $5.80 | ||
14 | Sale | 70 units | ||
21 | Purchases | 53 units at $6.30 | ||
30 | Sale | 49 units |
Assuming that a perpetual inventory system is used, what is the
cost of goods sold on a LIFO basis for July?
$540.60
$1086.50
$714.70
$371.80
Cheyenne has the following inventory data: July 1 Beginning inventory 26 units at $5.30 5 Purchases 106 units a...
Vaughn has the following inventory data: July 1 Beginning inventory 31 units at $61 5 Purchases 184 units at $57 14 Sale 122 units 21 Purchases 92 units at $59 30 Sale 86 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for July?
Whispering has the following inventory data:
July 1
Beginning inventory
46 units at $110
5
Purchases
276 units at $103
14
Sale
184 units
21
Purchases
138 units at $106
30
Sale
129 units
Assuming that a periodic inventory system is used, what is the cost
of goods sold on a FIFO basis?
$15463
$15555
$32653
$32561
Wildhorse has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 32 units at $65 194 units at $60 130 units 97 units at $63 91 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for July? $6586 $6286 $6298 $6334
Question 17 Classic Floors has the following inventory data: July 1 Beginning inventory 30 units at $6.00 5 Purchases 120 units at $6.60 14 Sale 80 units 21 Purchases 60 units at $7.20 30 Sale 56 units Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July? A. $696.00 B. $931.20 C. $1,404.00
Oriole has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 56 units at $134 336 units at $125 224 units 168 units at $129 157 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a FIFO basis? $22879 $48129 $23047 $48297
Kingbird has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 34 units at $68 205 units at $64 137 units 103 units at $66 96 units Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July? (Round intermediate calculations to 3 decimal places, e.g. 12.531.)
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: July 1 Inventory 88 units @ $33 8 Sale 70 units 15 Purchase 98 units @ $35 27 Sale 82 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on July 27 and (b) the inventory on July 31. a. Cost of goods sold on July 27 $ b. Inventory on July 31 $
Tamarisk has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 31 units at $62 187 units at $58 125 units 94 units at $60 87 units Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July? (Round intermediate calculations to 3 decimal places, e.g. 12.531.) $5973 $5929 $5241 $5997
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: July 1 Inventory 82 units $21 8 Sale 66 units 15 Purchase 91 units @ $23 27 Sale 76 units Assuming a perpetual inventory system and using the last-In, first-out (LIFO) method, determine (a) the cost of goods sold on July 27 and (b) the inventory on July 31. a. Cost of goods sold on July 27 b. Inventory on July 31
16. Oscar Industries has the following inventory information. July 1 Beginning Inventory 40 units at $110 5 Purchases 240 units at $112 14 Sale 160 units 21 Purchases 120 units at $115 30 Sale 150 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?