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Consider the following data: Ending inventory at cost Ending inventory at market Cost of goods sold (before consideration of LCNRV rule) $115,000 119,000 165,000 Which
Consider the following data: Ending inventory at cost Ending inventory at market Cost of goods sold (before consideration of LCNRV rule) $115,000 119,000 165,000 Which of the following depicts the proper account balance after the application of the LCNRV rule? A. Cost of Goods Sold will be $169,000. B. Ending Inventory balance will be $119,000. C. Ending Inventory balance will be $115,000. D. Cost of Goods Sold will be $161,000. Given the following data, calculate the cost of goods sold for the 04/15 sale using the weighted average method for a perpetual inventory system, rounding to the nearest dollar. (Do not round in the process of your calculations, only round your final answer.) X (Click the icon to view the data.) i Data A. $230 B. $600 1/1 Beginning inventory Purchases 3/5 C. $200 4/15 Sale D. $280 5/30 50 units at $10 per unit 30 units at $14 per unit 20 units at $30 per unit 25 units at $15 per unit 20 units at $16 per unit 60 units at $32 per unit 45 units Purchases Purchases Sale 10/25 11/15 12/31 Ending inventory Print Done
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