Ex3&4&5

Ex3. Use the infomation below to determine the sales revenue, cost of goods sold and gross profit that would be reported for the company related to the March 16 sale assuming the company uses FIFO inventory valuation and a perpetual inventory system January 1:Purchased 100 units at $10 per unit Febnaary 5: Purchased 60 units at $12 per unit March 16: Sold 40 units for $16 per unit. Ex4. A company's inventory records indicate the following data for the month of Jamuary an. 9 an. 14 an. 20 an. 30 180 units at $9 ead 70 units at $10 each 00 units at $35 each 00 units at $11 each 150 units at 335 each purchased chased 230 units at $12 each If the company uses the last in, first-out perpetual inventory system, what would be the cot of the ending inventory? Er5. A company established a petty cash fund in November of the current year and experienced the following transactions affecting the fund during November Nov. 1 Estabished a $200 petty cath fund Paid $55 to aequire office supphes Reimbursed the company controller for $30 spent on bevera ges for recruits (entertainment expense). 18 Paid $45 for postage 20 Paid $25 for C.O.D. charges on merchandise inv entory,terms FOB shipping point 25 Paid $40 for janitonal services ne When sorting the petty cashreceipts to replenish the fund, the custodian noted that there was S10 cash 28 remanng