1 TB MC Qu. 05-121 (Algo) A company's inventory... A company's inventory records report the following: 1 points Skipped Date August 1 August 5 August 12 Activities Units Acquired at Cost Units Sold at Retail Beginning inventory 15 units @ $46 = $690 Purchase Purchase 10 units @$47 = $470 20 units @ $48 = $960 August 15 Sales 30 units sold eBook Ask Print References Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice O $480 $330 $720 $1.400 $2,120 2 TB MC Qu. 05-136 (Algo) A company has... A company has the following purchases and sales during October. Using the FIFO periodic inventory method, what is the value of the inventory on October 15 after the 1 sale? 1 points Date Activities October 1 October 5 Beginning inventory Purchase October 12 Purchase Units Acquired at Cost 15 units @ $19 = $285 10 units $20 = $200 20 units @ $21 - $420 Units Sold at Retail allook October 15 Sales 30 units sold Ask PH Multiple Choice References O O O O O $210 $195 $315 $555 $905 3 TB MC Qu. 05-97 (Algo) A company's inventory records indicate the following... A company's inventory records indicate the following data for the month of Apri Date Activities Corts April 1 April 7 Beginning inventory Purchase Units Acquired at Cost 840 units @ $36 = $30,240 720 units @ $40 = $28,800 Units Sold at Retail April 11 Sale 1,280 units @ $110 eBo April 16 April 22 Purchase Sale 640 units @ $44 = $28,160 400 units @ $110 Ast References The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method. Ending inventory consists of 340 units from the April 16 purchase, 80 units from the April 7 purchase, and 100 units from beginning inventory. Multiple Choice O O $25,960 $21760 $35180 $26,480 $41,650 4 TB MC Qu. 05-164 (Algo) Salmone Company reported the following... Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO 1 points Date May 1 Activities May 5 Beginning inventory Purchase May 10 Sales eBook May 15 May 24 Sales Purchase. Units Acquired at Cost 184 units $10 = $1,840 254 units @ $12 $3,048 134 units @ $13 - $1,742 Units Sold at Retail 174 units @ $20 124 units @ $21 10 0 Ask Print Multiple Choice References O $3,076 O $4,064 $2.920 O O $3,920 $2,610 5 1 points TB MC Qu. 05-100 (Algo) A company's inventory records indicate the following... A company's inventory records indicate the following data for the month of January: Date January 1 January 8 Activities Beginning inventory Purchase Units Acquired at Cost 530 units @ $18 = $9,540 510 units $20 = $10,200 January 12 Sale January 17 Purchase Book January 23 January 28 Sale Purchase Ask 570 units @ $22 = $12,540 630 units @ $24 = $15,120 Units Sold at Retail 940 units @ $70 385 units @ $70 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory? Print Multiple Choice References $8,470 $20,990. $19,790. $25,300 $26,410. 6 TB MC Qu. 05-165 (Algo) Salmone Company reported the following... Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using LIFO. T points Date May 1 May 5 Activities Beginning inventory Purchase Units Acquired at Cost 152 units @ $10 - $1,528 222 units @$12 - $2,664 Units Sold at Retail May 18 Sales k May 15 Purchase 102 units @$13 - $1,3261 May 24 Sales 142 units @ $20 92 units @$21 Ask OF Prie Mutiple Choice $2.610 $2,900 $2,600 $2.910 $2,484 7 TB MC Qu. 05-158 (Algo) Salmone Company reported... Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. 1 points Date May 1 Activities Beginning inventory May 5 Purchase Units Acquired at Cost 160 units @ $10 = $1,600 230 units @ $12 = $2,760 Units Sold at Retail May 10 Sales ellook May 15 Purchase 110 units @ $13-$1,438 May 24 Sales 150 units @ $20 100 units @ $21 Ask Print References Multiple Choice $3,110 O $2,680 $2,980 O $2720 $2,990 00 8 TB MC Qu. 05-159 (Algo) Salmone Company reported... Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO. Date Activities cints May 1 May 5 Beginning inventory Purchase Units Acquired at Cost 154 units $10 = $1,540 224 units @ $12 = $2,688 Units Sold at Retail May 10 Sales eBook May 15 Purchase 104 units @ $13 $1,352 May 24 Sales 144 units @ $20 94 units @ $21 Ask Print References Multiple Choice O O $3.032 $2.548 $2,902 $2,642 $5,500 9 TB MC Qu. 05-135 (Algo) A company has the following... 1 points eBook Help Save B A company has the following purchases and sales during February. Using the FIFO periodic inventory method, what is the cost of the 12 units that are sold? Date February 1 February 3 Activities Beginning inventory Purchase Units Acquired at Cost 10 units @ $29 = $290 20 units @ $31 = $620 Units Sold at Retail February 5 Sales 12 units sold Ask Multiple Choice Print References C $348 $352 $299 $339 $368 10 TB MC Qu. 05-160 (Algo) Salmone Company reported... Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO. 1 points Date May 1 Activities Beginning inventory May 5 Purchase Units Acquired at Cost 184 units @ $10 = $1,840 254 units @ $12 = $3,048 Units Sold at Retail May 10 Sales eBook May 15 Purchase 134 units @ $13 = $1,742 May 24 Sales 174 units @ $20 124 units @ $21 Ask Print References Multiple Choice $6,630 $2,800 $2,930 $3,830 $3,710