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need 4A, 5A, and 6A solved PE 6-4A Beginning inventory, purchases, and sales for 30xT are as follows: Perpetual inventory using weighted average EE-4 p.280
need 4A, 5A, and 6A solved
PE 6-4A Beginning inventory, purchases, and sales for 30xT are as follows: Perpetual inventory using weighted average EE-4 p.280 50 units at $80 35 units 60 units at $90 55 units May1 12 23 26 Inventory Sale Purchase Sale Assuming a perpetual inventory system and using the weighted average method, deter mine (a) the weighted average unit cost after the May 23 purchase, (b) the cost of the merchandise sold on May 26, and () the inventory on May 31 PE 6-5A The units of an item available for sale during the year were as follows: Periodic inventory using FIFo, LK, and weighted average cost methods EE 6-5 ou. 4 Inventorynits at $5,400 $ 64800 18 units at $6,000 108,000 Purchase 5 uns at $6,480 97200 45 units $270,000 Jan. 1 Aug 7 Dec. 11 Purchase Available for sale There are 14 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using Ca) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method. PE 6-6A On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibit 10. Lower-of-cost-or-market method EE 6-6 286 OBJ.6 ME HOW Cost per Market Value per Unit Inventory Quantity term Raven 10 200 Dove 23 6500 S115 $112 17Step by Step Solution
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