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A company just starting business made the following four inventory purchases in June. Number of units purchased 100 units 250 units 250 units 100 units

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A company just starting business made the following four inventory purchases in June. Number of units purchased 100 units 250 units 250 units 100 units Date June 1 June 10 June 15 June 28 Total cost $ 410 590 650 530 $2180 A physical count of merchandise inventory on June 30 reveals that there are 330 units on hand. Using the FIFO inventory method the amount allocated to cost of goods sold for June is $1128 $953 $1702 $1052 M 1 A company just starting business made the following four inventory purchases in June. Date Number of units purchased 290 units 340 units 340 units 290 units Total cost $530 725 June 1 June 10 June 15 June 28 770 650 $2675 A physical count of merchandise Inventory on June 30 reveals that there are 390 units on hand. Using the LIFO Inventory method, the value of the ending inventory on June 30 is $876. $1799. O $1492 O $743 Coronado Shutters has the following inventory Information Nov. 1 Inventory B Purchase 60 units @ $8,00 170 units $4.00 70 units@ $6.00 100 units $9.00 17 Purchase 25 Purchase A physical count of merchandise inventory on November 30 reveals that there are 70 units on hand. Assume a periodic inventory system is used, Cost of goods sold rounded to the nearest dollar) under the average cost method is $2068 O $2046 $2014 $2052 In preparing its bank reconciliation for the month of April 2021. Sheffield, Inc. has available the following information. $79100 960 Balance per bank statement. 4/30/21 NSF check returned with 4/30/21 bank statement Deposits in transit.4/30/21 Outstanding checks, 4/30/21 Bank service charges for April 9900 10700 70 What should be the adjusted cash balance at April 30, 2021? $77340 $78070 578300 $78520

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