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25.)A company reported the following information for its most recent year of operation: purchases, $111,000; beginning inventory, $25,500; and cost of goods sold, $121,000. How

25.)A company reported the following information for its most recent year of operation: purchases, $111,000; beginning inventory, $25,500; and cost of goods sold, $121,000. How much was the company's ending inventory? accounting

$15,500.

$35,500.

$25,500.

$20,500.

26.) Coleman Company has provided the following information: beginning inventory, $114,000; cost of goods sold, $464,000; and ending inventory, $87,000. How much were Coleman's inventory purchases?

$427,000.

$464,000.

$437,000.

$417,000.

27.)

Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers:

Date

Transaction

Number of Units

Cost per Unit

1/1

Beginning Inventory

210

$910

5/5

Purchase

310

$1,010

8/10

Purchase

410

$1,110

10/15

Purchase

255

$1,160

During the year, Lauer sold 1,025 laptop computers. What was ending inventory using the FIFO cost flow assumption?

$165,600.

$185,100.

$185,600.

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