A car dealer acquires a used car for $17,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $200 for transportation-in. $180 for shipping insurance $750 for car import duties $170 for advertising $2,000 for sales staff salaries $100 for trimming shrubs Expensed us incurred $ Included in Cost Inventory Cost 17,000 $ 17,000 200 200 750 750 180 180 170 2,000 100 20.400 5 18,130 Cost Transportation in Import duties Insurance during shipment Advertising Sales staff salarios Trimming shrubs Total 5 170 2,000 100 2.270 s Required information {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 330 units Ending inventory at January 31 totals 140 units Units Unit Cost Beginning inventory on January 1 300 $ 2.80 Purchase on January 70 Purchase on January 25 100 3.14 3.00 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Periodic ELEO Cost of Goods Sold Cost of Goods Available for Sale of Cost per Cost of Goods Available for unit units Sale 300 s 200 $ 310 of units Sold Cost per unit Cost of Goods Sold Inventory Balance of units Cost per Ending in ending unit inventory Inventory Bog, Inventory Purchases January January 25 Total 300 3.00 70 100 470 210 314 1,304 3.16 70 100 170 3.00 3.14 210 314 524 70 100 170 314 210 314 524 $ $ $ Required information The following information apples 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 330 units. Ending inventory at January 31 totals 140 units Beginning inventory on January 2 Purchase on January 9 Purchase on January 25 Units 300 70 100 Unit Cost $ 2.80 3.00 3.14 Assume the periodic inventory system is used Determine the costs assigned to ending Inventory when costs are assigned based on the LIFO method Periodic LIFO Cost of Goods Sold Cost of Goods Available for Sale #of Cost pet Cost of Goods units unit Available for Sale 300 s 280 s 840 of units sold Cost per unit Inventory Balance #of units in ending Ending unit Inventory Inventory Cost of Goods Sold Cost per Beg. Inventory Purchases January January 25 Total 70 100 470 3.00 3.14 210 314 1,364 100 70 170 3.00 3.14 300 220 520 S 5 0 5 0 Required information (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 330 units Ending inventory at January 31 totals 140 units Units 300 70 100 Unit Cost $ 2.80 Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 3.14 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method (Round per unit costs to 3 decimal places. Amounts to be deducted should be indicated with a minus sign.) Periodic Weighted Average Cost of Goods Sold of units Avg. Cost per Cost of Sold unit Goods Sold Begirwing inventory Purchase January Purchase January 25 Available for Sale January Sales Total Inventory on hand Cost per of units Inventory unit Value 300 s 2800 5 140 701 s 3.000 210 100 s 3.140 314 470 1364 470 $ 1,364 0 $ 0