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Current Attempt in Progress Coronado Company has the following inventory information July 1 Beginning Inventory 20 units at $ 90 BO units at $ 95
Current Attempt in Progress Coronado Company has the following inventory information July 1 Beginning Inventory 20 units at $ 90 BO units at $ 95 5 Purchases 14 Sale 45 units 21 Purchases 20 units at $ 100 30 Sale 30 units Assuming that a perpetual inventory system is used, what is the ending Inventory (round all calculations to nearest dollar) under the moving average cost method 54245 54281 54369 $4302 Attempts: 0 of 1 used Sunt A Marigold Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Per unit price Total Balance 1/1/18 190 55 $950 Purchase 1/15/18 110 5.20 572 Purchase 1/28/18 110 5.40 594 An end of the month (1/31/18) inventory showed that 150 units were on hand. If the company uses FIFO and tells the units for $12 each what is the gross proht for the month $1800 $1806 $2150 51222 Sheffield Company's records indicate the following information for the year: Merchandise inventory $ 563000 Purchases Net sales 1/1 2259000 3196000 On December 31, a physical inventory determined that ending inventory of $ 508000 was in the warehouse. Sheffield's gross profit on sales has remained constant at 30%. Sheffield suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory? O $ 1356800 O $ 166800 O $76800 O $116800
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