TB MC Qu. 6-86 (Static) Inventory records for Capetown, Incorporated revealed... Inventory records for Capetown, Incorporated revealed the following: Date April 1 Number of Transaction Units Unit Cost Beginning Inventory 500 $ 2.40 Purchase 400 2.50 April 20 Capetown sold 700 units of inventory during the month. Ending inventory assuming FIFO would be: Multiple Choice $490. $500. $470. ○ $480. TB MC Qu. 6-87 (Static) Inventory records for Capetown, Incorporated revealed... Inventory records for Capetown, Incorporated revealed the following: Date April 1 Number of Transaction Units Unit Cost Beginning Inventory 500 $ 2.40 Purchase 400 2.50 April 20 Capetown sold 700 units of inventory during the month. Cost of goods sold assuming FIFO would be: Multiple Choice $1,710. $1,720. $1,730. $1,700. TB MC Qu. 6-89 (Algo) Inventory records for Capetown, Incorporated revealed... Inventory records for Capetown, Incorporated revealed the following Date April 1 April 20 Number of Transaction Beginning Inventory Purchase Units 500 340 Unit Cost $ 2.37 2.51 Capetown sold 630 units of inventory during the month. Cost of goods sold assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1362 $1.511 $1493 $1,541 TB MC Qu. 6-86 (Static) Inventory records for Capetown, Incorporated revealed... Inventory records for Capetown, Incorporated revealed the following: Date April 1 Number of Transaction Units Unit Cost Beginning Inventory 500 $ 2.40 Purchase 400 2.50 April 20 Capetown sold 700 units of inventory during the month. Ending inventory assuming FIFO would be: Multiple Choice $490. $500. $470. ○ $480. TB MC Qu. 6-87 (Static) Inventory records for Capetown, Incorporated revealed... Inventory records for Capetown, Incorporated revealed the following: Date April 1 Number of Transaction Units Unit Cost Beginning Inventory 500 $ 2.40 Purchase 400 2.50 April 20 Capetown sold 700 units of inventory during the month. Cost of goods sold assuming FIFO would be: Multiple Choice $1,710. $1,720. $1,730. $1,700. TB MC Qu. 6-89 (Algo) Inventory records for Capetown, Incorporated revealed... Inventory records for Capetown, Incorporated revealed the following Date April 1 April 20 Number of Transaction Beginning Inventory Purchase Units 500 340 Unit Cost $ 2.37 2.51 Capetown sold 630 units of inventory during the month. Cost of goods sold assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1362 $1.511 $1493 $1,541