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20 On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6 per unit. During May, the following purchases
20 On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6 per unit. During May, the following purchases were made: August 7 60 units @ $9.00 per unit 1580 units @ $12.00 per unit 21 140 units @ $10,30 per unit During August, 300 units were sold. If Micro Encoders uses the weighted average method, the cost of ending inventory would be a $922 50 h. $2,767 50 c. $937.50 d $2,182.50 Morton uses the moving average flow assumption. On January 1, there were 180 units on hand and the total inventory cost was $900. On January 10, 40 more units were purchased at a cost of $6 per unit Sales included 20 units on January 3 and 60 units on January 17. What was the total cost of goods sold recorded for the units sold on January 17? $728 b. $130 $ $100 di $312 Left Images Printing uses perpetual LIFO in valuing is inventory. The March 1 inventory was 36 units *t $6 each Purchases and sales during March were as follows: Mar. 10 17 Purchases 20 units @ $8 per unit Mar 24 units @ $10 per unit S 15 Sales 15 units 26 units The cost of the ending inventory was a. $424 b5312 c. $330 d. $286
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