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Marx Company uses a periodic inventory system. The company had 80 units costi The following transactions occurred in January: Jan. 3 Purchased 150 units costing
Marx Company uses a periodic inventory system. The company had 80 units costi The following transactions occurred in January: Jan. 3 Purchased 150 units costing $45 each. Jan. 11 Sold 90 units at a selling price of $100 each. Jan. 23 Purchased 200 units costing $48 each. Jan. 30 Sold 250 units at a celling price of $100 each. The physical inventory count at January 31 showed 90 units in ending inventory A. (2 marks) Compute the cost of goods available for sale during January. [Answe commas, no decimals] Answer: $ B. (3 marks) Assuming the company uses the weighted average method, computet January. Don't round intermediate calculations. Round final answer to the nearest dollar sign, no commas, no decimals] Answer: $ C. (3 marks) Assuming the company uses the FIFO method, compute the cost of the [Answer format: amount, no dollar sign, no commas, no decimals] Answer: $ Marx Company uses a periodic inventory system. The company had 80 units co The following transactions occurred in January: Jan. 3 Purchased 150 units costing $45 each. Jan. 11 Sold 90 units at a selling price of $100 each. Jan. 23 Purchased 200 units costing $48 each. Jan. 30 Sold 250 units at a selling price of $100 each. The physical inventory count at January 31 showed 90 units in ending inventory A. (2 marks) Compute the cost of goods available for sale during January. [Ans commas, no decimals] Answer: $ B. (3 marks) Assuming the company uses the weighted average method, compu January. Don't round intermediate calculations. Round final answer to the near dollar sign, no commas, no decimals] Answer: $ C. (3 marks) Assuming the company uses the FIFO method, compute the cost of [Answer format: amount, no dollar sign, no commas, no decimals] Answer: $ Marx Company uses a periodic inventory system. The company had 80 units costing $40 each in its January 1 inventory. The following transactions occurred in January: Jan. 3 Purchased 150 units costing $45 each. Jan. 11 Sold 90 units at a selling price of $100 each. Jan. 23 Purchased 200 units costing $48 each. Jan. 30 Sold 250 units at a selling price of $100 each. The physical inventory count at January 31 showed 90 units in ending inventory. A. (2 marks) Compute the cost of goods available for sale during January. [Answer format amount, no dollar sign, no commas, no decimals) Answer: $ 16350 B. (3 marks) Assuming the company uses the weighted average method, compute the cost of goods sold (COGS) for January. Don't round intermediate calculations. Round final answer to the nearest full dollar. (Answer format amount, no dollar sign, no commas, no decimals] Answer: $ C. (3 marks) Assuming the company uses the FIFO method, compute the cost of the ending inventory at January 31. [Answer format: amount, no dollar sign, no commas, no decimals] Answer: $ 14750
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