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A company had beginning inventory of 12 units at a cost of $15 each on March 1. On March 2, it purchased 12 units at
A company had beginning inventory of 12 units at a cost of $15 each on March 1. On March 2, it purchased 12 units at $24 each. On March 6 it purchased 7 units at $20 each. On March 8, it sold 28 units for $63 each. Using the FIFO perpetual inventory method, what was the cost of the 28 units sold? Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 August 18 August 29 August 31 Purchase Purchase Sale Purchase 7 units at $10.00 per unit. 9 units at $13.00 per unit. 14 units. 12 units at $13.00 per unit. What is the per-unit value of ending inventory on August 31? (Round your per unit answers to 2 decimal places.) Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO. Units Sold at Retail Date May 1 5 Units Acquired at Cost 300 units @ $15 295 units @ $17 Activities Beginning Inventory Purchase Sales Purchase Sales 10 215 units @ $25 15 175 units @ $18 24 165 units @ $26 Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO. Units Sold at Retail Units Acquired at Cost 160 units @ $11 225 units @ $13 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 145 units @ $21 105 units @ $14 95 units @ $22
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