4.28 points 1 QS 5-2 (Algo) Inventory costs LO C1 A car dealer acquires a used car for $9,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include eBook $200 for transportation-in. Hint Print References $100 for shipping insurance. $940 for car import duties. $150 for advertising. $1,500 for sales staff salaries. $180 for trimming shrubs. Cost Included in Inventory Cost Expensed as incurred Cost Transportation-in $ 9,000 200 Import duties 940 Insurance during shipment 100 Advertising 150 1,500 Sales staff salaries Trimming shrubs Total 59 $ 180 12,070 2 Part 1 of 3 ACER AID. Required information Required: - VOUT Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are the FIFO method. 4.28 points Goods purchased Perpetual FIFO Cost of Goods Sold Inventory Balance Date # of units Cost per unit # of units sold Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance eBook January 1 Hint January 9 Print References Total January 9 January 25 Total January 25 January 26 Total January 26 3 Part 2 of 3 4.28 points QS 5-6 (Algo) Perpetual: Inventory costing with LIFO LO P1 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Goods purchased Perpetual LIFO: Cost of Goods Sold Date # of units eBook Cost per # of units unit sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance Hint January 1 Print January 9 References Total January 9 January 25 Total January 25 January 26 Total January 26 4 art 3 of 3 8 nts Required information Use the following information for the Quick Study below. (Algo) (5-7) [The following information applies to the questions displayed below.] A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 430 units. Ending inventory at January 31 totals 170 units. eBook Beginning inventory on January 1 Purchase on January 9 Units 390 Unit Cost 90 Hint Purchase on January 25 120 $ 3.80 4.00 4.10 Print ferences QS 5-7 (Algo) Perpetual: Inventory costing with weighted average LO P1 esigned hacod 4 Part 3 of 3 Required information the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetual: Cost of Goods Sold 4.28 points Goods purchased Inventory Balance Date # of # of units Cost per unit units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance January 1 eBook January 9 Hint Print Average cost January 9 References January 25 Average cost January 25 January 26 Total January 26