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Lexcorp had the following activity during March 2020: Date er Unit Activity Beginning Inventory Purchase Purchase Cost per Unit Sale Price per Unit 7.00 168
Lexcorp had the following activity during March 2020: Date er Unit Activity Beginning Inventory Purchase Purchase Cost per Unit Sale Price per Unit 7.00 168 .00 18.00 Units 3/1/2020 3/5/2020 3/8/2020 3/14/2020 3/19/2020 3/22/2020 3/27/20201 11 10.00 Purchase Sale 141 18.00 Purchase 11.00 Sale 20.00 Answer the following questions using the information provided above. For your convience, questions 34 through 42 are presented below. The question to be answered on this screen has been underlined. 34. Using the FIFO Assumption, how many units were sold during March? 35. Using the FIFO Assumption, what was the total cost of Goods Sold during March? (hint: Answer should be in dollars) 36. Using the FIFO Assumption, what was the Ending Inventory for March? (hint: Answer should be in dollars) 37. Using the LIFO Assumption, how many units were sold during March? 38. Using the LIFO Assumption, what was the total cost of Goods Sold during March? (hint: Answer should be in dollars) 39. Using the LIFO Assumption, what was the Ending Inventory for March? (hint: Answer should be in dollars) 40. Using the weighted Average Assumption, how many units were sold during March? 41. Using the weighted Average Assumption, what was the total cost of Goods Sold during March? (hint: Answer should be in dollars) 42. Using the weighted Average Assumption, what was the Ending Inventory for March? (hint: Answer should be in dollars)
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