mastering inventory

mastering inventory

33. Assume, instead, that LuCo's December 31, 20X4 ending inventory is 300 units; its December 31, 20X5 ending inventory is 800 units; and its December 31, 20X6 ending inventory is 600 units (which is lower than its 20X6 beginning inventory). What is LuCo's December 31, 20X6 ending inventory? a. $6,600 b. $4,800 c. $4,400 d. $3,600 34. When WeCo begins operations in 20X4, it chooses the periodic method and LIFO costing. Within a given year's LIFO layer, it uses weighted average costing. During 20X4, WeCo makes the following merchandise purchases: May 30 June 24 October 11 December 4 400 @ $4 800 @ $5 900 @ $7 1,400 @ $6 OS If the December 31, 20X4 ending inventory is 1,000 units, and the De- cember 31, 20X5 ending inventory is 300 units, what is the 20x5 ending inventory? a. $1,200 b. $1,380 c. $1,740 d. $1,800 Use the following information for problems #30-33. LuCo begins operations in 2024 and uses the periodic method and LIFO costing. Its merchandise purchases are as follows: 20X4 20X5 20X6 March July September November 300 @ $4 500 @ $5 200 @ $7 400 @ $6 600 $ 8 900 @ $12 100 @ $ 9 700 @ $10 900 @ $11 600 @ $14 700 @ $13 100 $16 33. Assume, instead, that LuCo's December 31, 20X4 ending inventory is 300 units; its December 31, 20X5 ending inventory is 800 units; and its December 31, 20X6 ending inventory is 600 units (which is lower than its 20x6 beginning inventory). What is LuCo's December 31, 20X6 ending inventory? a. $6,600 b. $4,800 c. $4,400 d. $3,600 34. When WeCo begins operations in 20X4, it chooses the periodic method and LIFO costing. Within a given year's LIFO layer, it uses weighted average costing. During 20X4, WeCo makes the following merchandise purchases: May 30 June 24 October 11 December 4 400 @ $4 800 @ $5 900 @ $7 1,400 @ $6 COM If the December 31, 20X4 ending inventory is 1,000 units, and the De- cember 31, 20X5 ending inventory is 300 units, what is the 20x5 ending inventory? a. $1,200 b. $1,380 c. $1,740 d. $1,800