45) Jammer Company uses a weighted average perpetual inventory system and reports the following:

Date Activities Units Acquired at Cost Units Sold at Retail August 2 Purchase 10 units @ $20 = $200 August 18 Purchase 15 units @ $23 = $345 August 29 Sales 20 units sold August 31 Purchase 14 units @ $24 = $336 What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent. A) $23.42 B) $25.44 C) $20.00 D) $24.00 E) $21.80

46) A company uses the periodic inventory system and had the following activity during the current monthly period. Date Activities Units Acquired at Cost Units Sold at Retail November 1 Beginning inventory 148 units @ $20 = $2,960 November 5 Purchase 124 units @ $22 = $2,728 November 8 Purchase 74 units @ $23 = $1,702 November 16 Sales 248 units @ $45 November 19 Purchase 74 units @ $25 = $1,850 Using the weighted-average inventory method, the company's ending inventory would be: A) $2,960 B) $3,784 C) $3,330 D) $2,496 E) $5,456

47) Health Defense sells first aid kits and uses the periodic inventory system to account for its merchandise. The beginning balance of the inventory and its transactions during January are as follows: Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 18 units @ $13 = $234 January 12 Purchase 30 units @ $14 = $420 January 19 Sale 24 units @ $30 January 20 Purchase 24 units @ $17 = $408 January 27 Sale 27 units @ $30 Using the FIFO inventory method under a periodic system, the company's ending inventory would be: A) $705. B) $357. C) $272. D) $664. E) $1,062.

48) Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 178 units @ $10 = $1,780 May 5 Purchase 248 units @ $12 = $2,976 May 10 Sales 168 units @ $20 May 15 Purchase 128 units @ $13 = $1,664 May 24 Sales 118 units @ $21 A) $2,932 B) $3,908 C) $2,860 D) $3,860 E) $2,520