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are these answers correct? Below is the inventory detall for Ohlone bookstore Jan 4: Purchase 5 units $5 per unit Jan 10: Purchase 5 unit
are these answers correct?
Below is the inventory detall for Ohlone bookstore Jan 4: Purchase 5 units $5 per unit Jan 10: Purchase 5 unit $10 unit. Jan 20: Sold 1 unit to a customer for $25. What is the Joumal Entry for Jon 20 to record the Revenue for Ohlone bookstore if FIFO method is used? Multiple Choice A company's inventory records indicate the following data for the month of January: If the company uses the LIFO perpetual inventory system, what is the value of cost of goods sold? Multiple Choice $17690 $18,080. $12,480 $20,540 $15,040 Below is the inventory detail for Ohlone bookstore Jan 4: Purchase 5 units a $5 per unit Jan 10: Purchase 5 unit $10 unit. Jan 20: Sold 1 unit to a customer for $25. What is the Journal Entry for Jan 20 to record the Cost of Goods Sold for Onlone bookstare if FifO method is used? A company's inventory records indicate the following data for the month of Apri: If the company uses the first-in, first-out (FFO) method and the perpefual inventory system, what would be the cost of the ending inventory? Muliple Choice $38,480. $33,300 $35,922 $40,720 $53,680 A company's imventory records indicate the following data for the month of January: If the company uses the LFO perpetual inventory system, what would be the cost of the ending inventory? Mutiple Choice $7350 $4,630 519780 $20,530 A company's inventory records indicate the following data for the month of January: If the company uses the LIFO peppetual inventory system, what would be the cost of the ending inventory? Muhtiple Choice $6.600. $5,040. $12,480 $17,480 5t8,080. What is FIFO? Multiple Choice For Input - For Output First in - First Out First Input - First Output Last in - First Out A company's inventory records indicate the following data for the month of April: If the company uses the first-in, first-out (FIFO) method and the perpetual inventory system, what is the value of cost of goods sold? Mutiple Choice 540,720 $57,600 $36,800. $53,580 516,480 Step by Step Solution
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