N C VLDIA and serendi busines will repor 2020 Ching's WS For July Unit Ca Tural Cost Balance at July 1 Purchases 30.000 2.25 67,500 July 6 July 26 20,000 2.55 $1.000 27,000 2.60 70.200 July 7 (25.000) July 31 (40.000) Balance at July 31 12.000 What is Queen's cost of goods available for sale? a 19,250 b. 71,200. c. E188,700. d. cannot be determined. 5. The following information was available from the inventory records of Queen Company for July: Units Unit Cost Total Cost 2.25 30,000 Balance at July 1 67,500 Purchases: 20,000 2.55 51.000 July 6 July 26 27,000 2.60 70,200 (25,000) July 7 July 31 (40.000) 12.000 Balance at July 31 What should be the inventory reported on Queen's July 31 statement of financial p using the average-cost inventory method (round per unit amounts to two places)? 3 4 Sales: Sales: Jamuary The 6 ersity coe M SLIM ww 6.50 ESGUMES 452.560 7 Brocken Co has the following data related to an item of lavemory Inventory, May 1 1,000 54.20 16,500 units Purch, May Purchase, May 16 $4.40 2,100 Inventory, May 31 4.50 3,900 The value assigned to cost of goods sold if Brocken uses FIFO is 50,700 50,000 c. 51,207. d E51,246. B Vestle Company uses the periodic inventory system. For January 2020, the beginning inventory consisted of 36,000 units that cost CHF12 each. During the month, the company made two purchases: 15,000 units at CHF13 each and 60,000 units at CHF13.50 each Vestle sold 64,500 units during the month for CHF19.50 per unit. Using the average-cont method, what is the amount of cost of goods sold for the month of January 2020 (round per unit amount to two decimal places)? a CHF835,275. b. CHF854,625. c. CHF827,535. d. CHF864,300. 9. Nolvo Company uses the periodic inventory system. For February 2020, the beginning inventory consisted of 2,000 units that cost CHF65 each. During the month, the company made two purchases: 8,000 units at CHF68 each and 3,000 units at CHF72 each. Nolvo sold 10,000 units during the month of February at CHF110 per unit. Using the average cost method, what is the amount of ending inventory at February 28, 2020? a. CHF207,270. b. CHF210,000. c. CHF205,380. d. CHF204,990. 10. Kershaw Bookstore had 1,200 units on hand at January 1, costing 18 each. Purchases and sales during the month of January were as follows: 4