Beginning Inventory Purchase 1 10 units $4 per unit $ 40 30 units $5 per unit $150 40 units $6 per unit $240 20 units $7 per unit $140 Purchase 2 Purchase 3 Totals 100 units $570 Ending Inventory 30 units Sales Price per Unit $40 QUESTION 1 What is the value of the ending inventory using FIFO O A $200 OB $430 o C $370 OD $140 QUESTION 2 What is the value of Cost of Goods Sold using FIFO O A $200 O B $430 O C $370 OD $140 QUESTION 3 How much is Gross Profit using FIFO o A $2,640 O B $2,370 o C $2,430 OD $2,780 QUESTION 4 What is the value of the ending inventory using LIFO O A $200 O B $430 o C $140 O D $370 QUESTION 5 What is the value of Cost of Goods Sold using LIFO O A $370 B $200 o C $140 OD $430 QUESTION 6 How much is Gross Profit using LIFO A $2,370 OB $2,640 $2,780 O D $2,430 QUESTION 7 What is the cost per unit when using Weighted Average A $4 90 O B $5 70 0 0 C $5 20 OD $4 30 QUESTION 8 What is the value of the ending inventory using Weighted Average O A $147 O B $171 O C $129 OD $166

Question

Beginning Inventory Purchase  1 10 units   $4 per unit   $ 40 30 units   $5 per unit   $150 40 units   $6 per unit   $240 20 units   $7 per unit   $140 Purchase  2 Purchase  3 Totals 100 units $570 Ending Inventory   30 units Sales Price per Unit   $40 QUESTION 1 What is the value of the ending inventory using FIFO  O A  $200 OB  $430 o C $370 OD  $140 QUESTION 2 What is the value of Cost of Goods Sold using FIFO  O A  $200 O B $430 O C $370 OD $140 QUESTION 3 How much is Gross Profit using FIFO  o A  $2,640 O B  $2,370 o C $2,430 OD  $2,780 QUESTION 4 What is the value of the ending inventory using LIFO  O A  $200 O B  $430 o C  $140 O D  $370 QUESTION 5 What is the value of Cost of Goods Sold using LIFO  O A  $370 B  $200 o C $140 OD  $430 QUESTION 6 How much is Gross Profit using LIFO  A  $2,370 OB  $2,640 $2,780 O D  $2,430 QUESTION 7 What is the cost per unit when using Weighted Average  A  $4 90 O B  $5 70 0 0 C $5 20 OD  $4 30 QUESTION 8 What is the value of the ending inventory using Weighted Average  O A  $147 O B $171 O C $129 OD  $166

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Question

Beginning Inventory Purchase #1 10 units @ $4 per unit = $ 40 30 units @ $5 per unit = $150 40 units @ $6

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