8. Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO.

9. The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method. Ending inventory consists of 370 units from the April 29 purchase, 320 units from the April 16 purchase, 330 units from the April 7 purchase, and 100 units from beginning inventory.

00 8 + TB MC Qu. 05-159 (Algo) Salmone Company reported... Seimone Company reported the following purchases and sales of is only product Simone uses a perpetuar inventory system. Determine the cost assigned to cost of goods sold using FFO. Date Activities Units Aequired at Cost tits sold at detail May 1 Beginning inventory 172 units . $10 - $1,720 May 5 Purchase 242 unit. $12 - $2,904 May 10 Sales 162 units 520 May 15 Purchase 122 units $13 - $1,5 Hay 24 Sales 112 unita 521 00 8 Multiple Choice oints $3,266 Book AR $2,944 References O $3,136 O $2,876 $6.210 9 TB MC Qu. 05-97 (Algo) A company's inventory records indicate the following... 1 points Book A company's inventory records Indicate the following data for the month of April: Date Activities Units Acquired at Cost Units Sold at Retail Aprili Beginning inventory 820 units @ $36 = $29,520 April 7 Purchase 700 units @ $40 - $28,000 April 11 Sale 1,240 units $110 April 16 Purchase 620 units $44 - $27,280 April 22 Sale 400 units & $110 April 29 Purchase 600 units & $50 - $30,000 The company uses a periodic Inventory system. Determine the cost assigned to ending inventory using the specific identification method. Ending inventory consists of 370 units from the April 29 purchase, 320 units from the April 16 purchase, 330 units from the April 7 purchase, and 100 units from beginning inventory Ak References 9 Multiple Choice 1 points $60,160 Book AH Pent $79,120 References O $90,020 O $56,480 O $49,380