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Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Beginning inventory Apr. 20 Purchase Number of Units 590 330 Unit Cost $2.32
Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Beginning inventory Apr. 20 Purchase Number of Units 590 330 Unit Cost $2.32 2.71 Dunbar sold 620 units of inventory during the month Ending inventory assuming weighted average cost would be: (Round weighted average unit cost to 4 decimal places and final answer to the nearest dollar amount.) Multiple Choice $738 5706 $798 $754 The following information pertains to Julia & Company March 1 Beginning inventory = 33 units @ $5.90 March 3 Purchased 13 units @ 3.90 March 9 Sold 24 units @ 9.00 What is the cost of goods sold for Julia & Company assuming it uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $142 $116 o $104 $94 O Help Save & Exit Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase Number of Units 960 590 740 560 Unit Cost $7.13 7.62 8.04 8.44 Marvin sold 1,910 units of inventory during the month. Cost of goods sold assuming FIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $13,085 $16.120 $15,314 $14,235 Anthony Corporation reported the following amounts for the year: Net sales Cost of goods sold Average inventory $296,000 138,000 50,000 Anthony's average days in inventory is: (Round to the nearest whole day.) Multiple Choice 170 days 114 days O 132 days O 151 days Anthony Corporation reported the following amounts for the year Net sales Cost of goods sold Average inventory $296,000 138,000 50,000 Anthony's gross profit ratio is: Multiple Choice 0 63.4% 519% 50.3% 46.6%
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