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A company's Inventory records indicate the following data for the month of April: 5 Units Sold at Retail Units Acquired at Cost 710 units @
A company's Inventory records indicate the following data for the month of April: 5 Units Sold at Retail Units Acquired at Cost 710 units @ $36 = $25,560 590 units @ $40 = $23,600 Date April 1 April 7 April 11 April 16 April 22 April 29 points Activities Beginning inventory Purchase Sale Purchase Sale Purchase 1,020 units @ $110 518 units @ $44 - $22,440 400 units @ $110 490 units @ $50 = $24,500 eBook The company uses a periodic Inventory system. Determine the cost assigned to ending Inventory using the specific identification method. Ending Inventory consists of 260 units from the April 29 purchase, 210 units from the April 16 purchase, 220 units from the April 7 purchase, and 100 units from beginning Inventory. Print References Multiple Choice O $42.340 $39.990. $55.900 $34.840. $63.510. 1 points May 1 Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic Inventory system. Determine the cost assigned to ending Inventory using LIFO. Date Activities Units Acquired at cost Units sold at Retail Beginning inventory 166 units @ $1e = $1,660 May 5 Purchase 236 units @ $12 = $2,832 May 10 Sales 156 units @ $20 May 15 Purchase 116 units @ $13 = $1,5es May 24 Sales 106 units @ $21 eBook Print Multiple Choice References $2.644 $3.596 $2.740 $3.740 $2.340
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