Wildhorse has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases...
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
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.)
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?
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
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
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
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item HM46 are as follows: July 1 Inventory 82 units @ $29 5 Sale 66 units 11 Purchase 91 units @ $32 21 Sale 76 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on July 21 and (b) the inventory on July 31. a. Cost of merchandise sold on July 21 $ b. Inventory on July 31 $
Question 11 P. Didee has the following inventory information. July 1 Beginning Inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 20 units at $90 120 units at $92 90 units 60 units at $95 58 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis? $4,744 O $4,750 $4,940 $4,790 Click if you would like to Show Work for this question: Open Show Work Question 14 The petty cash fund of...
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
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units @ $13 11 Purchase 14 units @ $18 14 Sale 18 units 21 Purchase 10 units @ $21 25 Sale 13 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using LIFO.