Find the cost of goods available for sale using the following Table:

Date of purchase

Units purchased

Cost per unit

Begin Inv.

$25$

$$18$

June $8$

$10$

$$19$

July $7$

$18$

$$20$

August $3$

$22$

$$17$

Question $1$ options:

$$1300$

$$1350$

$$1374$

Question $2(1$ point$)$

Find the cost of ending inventory using the following table showing a breakdown of unit costs for ending inventory:

Cost per unit

Units

$$18$

$17$

$$19$

$12$

$$20$

$7$

$$17$

$14$

Question $2$ options:

$$306$

$$238$

$$912$

Question $3(1$ point$)$

Use the weighted$-$average method. Find the average unit cost using the table shown below.

Date of purchase

Units purchased

Cost per unit

Total Cost

Begin Inv.

$182$

$$21$

$$3822$

August $20$

$78$

$$27$

$$2106$

Sept. $12$

$39$

$$28$

$$1092$

Oct. $2$

$52$

$$21$

$$1092$

Question $3$ options:

$$25$

$$23\mathrm{.}11$

$$24\mathrm{.}25$

Question $4(1$ point$)$

Use the first$-$in$,$ first$-$out method to find the cost of goods sold using the following table and the fact that the ending inventory is $500$ units:

Date of purchase

Number of Units purchased

Cost per unit

Begin Inv.

$221$

$$16$

April $15$

$328$

$$15$

May $12$

$167$

$$12$

June $5$

$201$

$$9$

Question $4$ options:

$$6672$

$$6476$

$$6463\mathrm{.}50$

Question $5(1$ point$)$

Use the first$-$in$,$ first$-$out method to find the cost of ending inventory using the following table and the fact that the ending inventory is $500$ units:

Date of purchase

Number of Units purchased

Cost per unit

Begin Inv.

$221$

$$16$

April $15$

$328$

$$15$

May $12$

$167$

$$12$

June $5$

$201$

$$9$

Question $5$ options:

$$6000$

$$5793$

$$4500$

Question $6(1$ point$)$

Use the first$-$in$,$ first$-$out method to find the cost of goods sold using the table below and the fact that the ending inventory is $96$ units.

Date of purchase

Units purchased

Cost per unit

Total Cost

Begin Inv.

$182$

$$21$

$$3822$

August $20$

$78$

$$27$

$$2106$

Sept. $12$

$39$

$$28$

$$1092$

Oct. $2$

$52$

$$21$

$$1092$

Question $6$ options:

$$5355$

$$5793$

$$6885$

Question $7(1$ point$)$

Use the first$-$in$,$ first$-$out method to find the cost of goods sold and the cost of ending inventory using the table below and the fact that the ending inventory is $96$ units.

Date of purchase

Units purchased

Cost per unit

Total Cost

Begin Inv.

$182$

$$21$

$$3822$

August $20$

$78$

$$27$

$$2106$

Sept. $12$

$39$

$$28$

$$1092$

Oct. $2$

$52$

$$21$

$$1092$

Question $7$ options:

$$2016$

$$2319$

Question $8(1$ point$)$

Find the turnover rate at cost to the nearest tenth for Ole Tyme Pictures if it has a beginning inventory at cost of $$26,108$; an ending inventory at cost of $$5,892$; and the cost of goods sold is $$73,600.$

Question $8$ options:

$4$ times

$4\mathrm{.}6$ times

$0\mathrm{.}28$ times

Question $9(1$ point$)$

Find the turnover rate at retail to the nearest tenth for a cupcake shop that has a beginning inventory at retail of $$8,920$; an ending inventory at retail of $$7,460$; and sales of $$19,270.$

Question $9$ options:

$1\mathrm{.}98$ times

$2\mathrm{.}4$ times

$0\mathrm{.}43$ times

Question $10(1$ point$)$

Department $1$ had $$5,200$ in sales for the month, department $2$ had $$4,700,$ department $3$ had $$6,520,$ department $4$ had $$4,870,$ and department $5$ had $$2,010.$ The total overhead was $$10,000.$ Find out department $1\text{'}$s overhead based on sales.

Question $10$ options:

$$2231\mathrm{.}76$

$$2798\mathrm{.}28$

$$2017\mathrm{.}17$

Question $11(1$ point$)$

Department $1$ had $$5,200$ in sales for the month, department $2$ had $$4,700,$ department $3$ had $$6,520,$ department $4$ had $$4,870,$ and department $5$ had $$2,010.$ The total overhead was $$10,000.$ Find out department $3\text{'}$s overhead based on sales.

Question $11$ options:

$$2798\mathrm{.}28$

$$862\mathrm{.}66$

$$2090\mathrm{.}13$

Question $12(1$ point$)$

Department $1$ had $$5,200$ in sales for the month, department $2$ had $$4,700,$ department $3$ had $$6,520,$ department $4$ had $$4,870,$ and department $5$ had $$2,010.$ The total overhead was $$10,000.$ Find out department $5\text{'}$s overhead based on sales.

Question $12$ options:

$$862\mathrm{.}66$

$$2798\mathrm{.}28$

$$2090\mathrm{.}13$

Question $13(1$ point$)$

A corner grocery store has a monthly overhead of $$1,500.$ Find Meats department's monthly overhead based on sales if department sales were as follows: meats, $$1,200$; groceries, $$2,400$; dairy, $$600$; and housewares, $$800.$

Question $13$ options:

$$180$

$$240$

$$360$

Question $14(1$ point$)$

A corner grocery store has a monthly overhead of $$1,500.$ Find Housewares department's monthly overhead based on sales if department sales were as follows: meats, $$1,200$; groceries, $$2,400$; dairy, $$600$; and housewares, $$800.$

Question $14$ options:

$$720$

$$240$

$$180$

Question $15(1$ point$)$

Find the cost of ending inventory using the specific identification method and the following table showing a breakdown of unit costs for ending inventory:

Cost per unit

Units

$$10$

$17$

$$13$

$12$

$$9$

$15$

$$12$

$25$

Question $15$ options:

$$761$

$