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Coronado Company took a physical inventory on December 31 and determined that goods costing $180,000 were on hand. No! included in the physical count were

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Coronado Company took a physical inventory on December 31 and determined that goods costing $180,000 were on hand. No! included in the physical count were $23,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $20,000 of goods sold to Alvarez Company for $28,000 FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year end. What amount should Coronado report as its December 31 inventory? Coronado ending Inventory $ In its first month of operations, Sheffield Company made three purchases of merchandise in the following sequence: (1) 310 units at $7.(2) 440 units at $8, and (3) 220 units at $9. Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Shefheld uses a periodic inventory system, FIFO LIFO $ Cost of the ending inventory Inits first month of operations, Crane Company made three purchases of merchandise in the following sequence: (1) 330 units at $8.(2.430 tunits at 59, and (3) 240 units at 510 Calculate the average unit cost (Round answer to 2 decimal places, es 15.25.) Average unit cost 5 cTextbook and Media Compute the cost of the ending inventory under the average cost method, surning there are 360 units on hand (Round answer to decimal places 1.250) The cost of the endir inventory $ eTextbook and Media Laura's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Laura's purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Laura's uses a periodic Inventory system Date Units 26 Explanation Inventory Purchases Purchases Purchases Sept. 1 Sept. 12 Sept. 19 Sept. 26 45 Unit Cost $97 103 105 106 Total Cost $ 2,522 4,635 2.100 5,300 $14,557 20 50 Totals 141 Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO The ending inventory at September 30 $ $ Cost of goods sold $ $

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