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Alphabet Company, which uses the periodic Inventory method, purchases different letters for resale Alphabet had no beginning inventory. It purchased Athru Gin January at $6.00 per letter. In February, it purchased thru L at $8.00 per letter it purchased M thru Rin March at $9.00 per letter. It sold A, D, E, H, J and N in October. There were no additional purchases or sales during the remainder of the year. 1 Alphabet Company uses the specific identification method, what is the cost of its ending inventory? Multiple Choice $93 O $336 341 $100 8 Alphabet Company, which uses the periodic inventory method, purchases different letters for resale Alphabet had no beginning inventory. It purchased A thru Gin January at $6.50 per letter. In February, it purchased thru Lat $8.50 per letter it purchased M thru Rin March at $9.50 per lotter. It sold A, D, E, H, J and Nin October. There were no additional purchases or sales during the remainder of the year Alphabet Company uses the EIFO method, what is the cost of its ending inventory? 03144 Multiple Choice S8800 $3900 $5700 S50 Merle Industries had been selling its product for $38 per unit, but recently lowered the selling price to $24 per unit. The company's current inventory consists of 245 units purchased at $34 per unit. The market value of this inventory is currently S22 per unit At what amount should the company's inventory be reported on the balance sheet? Multiple Choice 35.390 $8.330 o $5.000 O 10:30 Sparks Furniture Company carries three lines of sofas. Information about the sofa inventory as of the end of its most recent fiscal year follows. If CM/NRVIS applied to each separate product line, what is the amount of the adjustment that must be made to the company's inventory? Product line Rustic Mediterranean Contemporary Cost per Unit $ 800 700 1,130 Market value per Unit Quantity $925 390 805 500 850 375 Multiple Choice 0 $101250 (5180.000) 0 1330000) Barron Industries has the following information Sales Revenue Ending inventory Cost of Goods Sold Beginning inventory $605,000 61,000 410,000 51,000 What is Barron's number of days to sell? (Round intermediate calculations to 2 decimal places. Assume 365 days a year.) Multiple Choice 338 days 358 days 499 days O 543 days