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Facts for Problems 25 to 30 Please use the following set of facts for Questions 35-40: # Units Unit Cost Total Cost 120 $5 $600
Facts for Problems 25 to 30 Please use the following set of facts for Questions 35-40: # Units Unit Cost Total Cost 120 $5 $600 6/1 Beg. Inventory 6/12 Purchase 370 $6 $2,220 $1,400 6/23 Purchase 200 $7 6/30 End. Inventory 230 25) Calculate the value of Cost of Goods Sold Inventory using the Average Cost inventory method. a. $2815.20 b. $2,640.00 c. $2,960.00 d. $4,220.00 26) Calculate Value of Ending Inventory using the Average Cost inventory method. a. $1,407.60 b. $1,580.00 c. $1,260.00 d. $4,220.40 27) Calculate the value of Cost of Goods Sold Inventory using the FIFO inventory method a. $2815 b. $2,640 c. $2,960 d. $4,220 28) Calculate the value of Ending Inventory using the FIFO inventory method a. $1,408 b. $1,580 c. $1,260 d. $4,220 29) Calculate Cost of Goods Sold using the LIFO inventory method. a. $2815 b. $2,640 c. $2,960 d. $4,220 30) Calculate Value of Ending Inventory using the LIFO inventory method. a. $1,408 b. $1,580 c. $1,260 d. $4,220
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