1-4

or more

\begin{tabular}{|l|r|r|} \hline Begiening inventory & 220 units (a) 20 & 4400 \\ \hline Purchase on Janaary 25 & 300 units (a) 21 & 6300 \\ \hline Purchase on March 15 & 215 units a 22 & 4730 \\ \hline Purchase on October 2 & 450 units oil 23 & 10,350 \\ \hline Goods available for sale & & 25,780 \\ \hline \end{tabular} If there are 600 units in ending inventory, what is the value of ending inventory using FIFO? If there are 800 units in ending ieventory, what is the valse of COGS wsing L.IFO A corporation uses a periodic inventory system. The cempany has a beginning inventory of 200 units at 54 each on Jamuary I. It purchases 500 units at $5 each in February and 200 units at $7 each in March. There were no additional purchaves or ales during the remainder of the year. If the conpany wells 300 units, what is cocs wing the L.IFO method? If the company wells 150 units, what is COCS using the weighted average method? If there are 600 units in ending isventory, what is the valse of eading inventery aning FIFO? If there ane 800 units in ending itiventory, what is the valoe ef COCS aning LFFO A cocponation uses a periodic arventory rystem. The company has a beganing inventocy of 200 anits at 54 each on fanuary I. It purchases 500 units at 55 each in February and 200 axits at 57 each is March. There were no additionul parchuses or ales during the remainder of the yeat. If the company sells 300 uniss, what is COGS wsing the Lito method? If the company selts 150 units, what is COGS wuing the weighted averge metbod? Is a period of inflation, which inventory costing method ausigs the ceitits method that approtimates cantant conta? What if pricitig ate decreaving? A compony sells $730.300 of goods during the year thut have a cost ef 5542.600. laveutary was $31.23 at the beginaing of the year and 535 , 38 at the end of the year. What is the imentary termever neie? They wrise eff a $350 cantomer accoant bulance whet it beconses clear thut the cuitomed will never pory. What is the conect jeumal entry ta recont this. Nume the contis asset account s) we huve learned a far: recond the bad debr estimale