ive had these questioms posted on here for well over an hour. I might as well cancel my subscription if no one is going to answer my questions.
Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Date Quantity Unit Cost Sale Price Beginning Inventory 2/1/2021 35 $10 Purchase 2/6/2021 45 $11 Purchase 2/12/2021 25 $12 Sale 2/15/2021 60 $25 Purchase 2/21/2021 55 $13 Sale 2/28/2021 40 $25 Assuming FIFO, what is Raptor Books cost of goods sold, ending inventory, and gross profit in dollar amounts for the month? Use the following numeric format: 12345 (no commas, no dollar signs) Cost of Goods Sold: $ Ending Inventory: $ Gross Profits Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Date Quantity Unit Cost Sale Price Beginning Inventory 2/1/2021 35 $10 Purchase 2/6/2021 45 $11 Purchase 2/12/2021 25 $12 Sale 2/15/2021 60 $25 Purchase 2/21/2021 55 $13 Sale 2/28/2021 40 $25 Assuming company uses LIFO for its inventory cost flow assumption, what is Raptor Books cost of goods sold, ending inventory, and gross profit in dollar amounts for the month? Use the following numeric format: 12345 (no commas, no dollar signs) Cost of Goods Sold: $ Ending Inventory: $ Gross Profits Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Date Quantity Unit Cost Sale Price Beginning Inventory 2/1/2021 35 $10 Purchase 2/6/2021 45 $11 Purchase 2/12/2021 25 $12 Sale 2/15/2021 60 $25 Purchase 2/21/2021 55 $13 Sale 2/28/2021 40 $25 Assuming the company uses Weighted Average Cost for its inventory cost flow method, what is the weighted average cost of the inventory as of the sale on 2/28/2021? Weighted Average Cost on 2/28: (WAC) $10.00 511.50 $11.63 $12.06 A Assume that a company has the following inventory items and quantities! Inventory Item Quantity Cost Market 400 $11 $8 320 $22 $30 180 $50 $70 25 $200 $180 B D After applying the lower-of-cost-or-market (LCM) method, what is the total inventory that the company has in dollars? $283 $288 5925 $23,740 $25.440 $27.670 529.900