40 Hoover Company had beginning inventory of $15,000 at March 1, 2017, During the month, the company made parchases of $65,000. The inventory at the end of the month s $17,300. What is cost of goods sold for the month of Manch? A) $65,000 B) $80,000 C) $82,300 D) $62,700 41. Dobler Company uses a periodic inventory system. Details for the inventory account fo the moeth of January 2017 are as follow Per unit priss Tota Balance, 1M/2017 Purchase, 1/15/2017 Purchase, 1/28/2017 An end of the month (I/31/2017) inventory showed that 240 units were on hand. How many units did the company sell during January 20177 A) 360 B) 90 C) 240 D) 300 $1,500 795 825 5.00 150 150 5.50 Page 0 42. Olympus Climbers Company has the Sollowing investory data: July 1 Beginning inventory Purchases 30 units at $19 105 units at $20 S 570 2,100 15 units at S2230 3,000 22 Purchases A physical count of merchandise iventory on July 30 reveals that there are 48 units on hand. Using the FIFO inventoey method, the amount allocated to cost of goods sold for ely is A) $2,070 B) $930 C) $990 D) $2,01 3. Carryable CDs has the Sollowing inventory data Now. 1 Inventory 8 Parchase 17 Parchase 25 Purchase 30 units 96.00 each 120 units $6.45 eac 60 units@$6.30 each 90 units$6.60 each A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Cost of goods sold under LIFO is A) 5632 B) $1,295 C) $1,269 D) $657 4. Dobler Company uses a periodie inventory system. Details foe the inventory account for the month of January 2017 are as follows Balance, L/L/2017 Purchase, L/15/2017 Purchase, 1/28/2017 Units 300 150 150 Per unit pris oa $1,500 795 825 5.30 5.50 An end of the month (L/31/2017) inventory showed that 240 units were on hand. If the company uses LIFO, what is the value of the ending inventory? A) $1,920 B) $1.302 C) $1,264 D) $1,200