A company purchased inventory as follows: 150 units at $10 350 units at $12 The average unit cost for inventory is

$10.00.

$11.00.

$11.40.

$12.00.

Moroni Industries has the following inventory information.

July	1		Beginning Inventory	10 units at $120
	5		Purchases	60 units at $112
	14		Sale	40 units
	21		Purchases	30 units at $115
	30		Sale	35 units

Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?

$2,875

$2,880

$8,490

$8,495

Eneri Company's inventory records show the following data:

Units

Unit Cost

Inventory, January 1

5,000

$9.20

Purchases:	June 18	4,500	8.00
	November 8	3,000	7.00

A physical inventory on December 31 shows 2,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. The weighted-average cost per unit is

$8.00.

$8.01.

$8.24.

$9.30.

Alfalfa Company developed the following information about its inventories in applying the lower-of-cost-or-market (LCM) basis in valuing inventories:

Product

Cost

Market

	A	$110,000	$120,000
	B	80,000	76,000
	C	155,000	162,000

If Alfalfa applies the LCM basis, the value of the inventory reported on the balance sheet would be

$341,000.

$345,000.

$358,000.

$362,000.

Sawyer Company uses the perpetual inventory system and the moving-average method to value inventories. On August 1, there were 10,000 units valued at $40,000 in the beginning inventory. On August 10, 20,000 units were purchased for $8 per unit. On August 15, 24,000 units were sold for $16 per unit. The amount charged to cost of goods sold on August 15 was

$40,000.

$144,000.

$160,000.

$192,000.