24 On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost 56 per unit During May, the following purchases were made August 7 60 units @ $9.00 per unit 15 80 units $12.00 per unit 21 140 units @ $10.50 per unit During August, 300 units were sold. If Micro Encoders use the weighted average method, the cost of ending inventory would be 5922.50 $2,767.50 $937.50 d$2,182.50 25 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. $330 c. $100 d. $312 26 Left Images Printing uses perpetual LIFO in valuing its inventory. The March 1 inventory was 36 units at $6 cach. Purchases and sales during March were as follows Purchases Sales Mar. 10 20 units @sx per unit Mars 15 units 24 units @ si per unit 15 26 units The cost of the ending inventory was bi $312 c. $330 17 a $424 d. $286 2) Exhibito-3 Davis Co. had the following inventory activity during April: Unit Units Cost Beginning inventory 100 $8 Purchase (April) 60 12 Sale (April 10) 80 Purchase (April 18) 50 Purchase (April 23) 80 18 Sale (April 28) 100 Refer to Exhibit@3. Assuming Davis uses a periodic FIFO cost flow assumption, ending inventary at April 30 would be a. $880 b. 5920 c. $1,090 d. $1,890