23 Aug 56 Exercise6_Inventories A 8. Brocken Co. has the following data related to an item of inventory: Inventory, May 1 Purchase, May 7 3,000 units @ E4.20 Purchase, May 16 10,500 units @ $4.40 2, 100 units @ 24.50 Inventory, May 31 3,900 units The value assigned to cost of goods sold if Brocken uses average-cost is a. 251, 186 b. 250,700. C. E50,883. d. $52,560. 9. Brocken Co. has the following data related to an item of inventory: Inventory, May 1 3,000 units @ E4.20 Purchase, May 7 10,500 units @ E4.40 Purchase, May 16 2, 100 units @ E4.50 Inventory, May 31 3,900 units The value assigned to cost of goods sold if Brocken uses FIFO is a. 50,700. b. E50,880. C. E51,207. d. E51,246. 10. Kershaw Bookstore had 1,200 units on hand at January 1, costing E18 each. Purchases and sales during the month of January were as follows: Date Purchases Sales Jan. 14 900 @ E28 17 600 @ E20 25 600 @ E22 29 600 @ E32 Kershaw does not maintain perpetual inventory records. According to a physical count, 900 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is: a. E2,400 b. E16,200. C. E18,600. d. E19,200