Question
Need help with the following questions Use the following data ofMakrelMakrelSales, Inc.: Unit Total Units Units Cost Cost Sold Beginning inventory 10 $6 $60 Purchase
Need help with the following questions
Use the following data ofMakrelMakrelSales, Inc.:
|
| Unit | Total | Units |
| Units | Cost | Cost | Sold |
Beginning inventory | 10 | $6 | $60 | |
Purchase on Apr 25 | 39 | 8 | 312 | |
Purchase on Nov 16 | 16 | 10 | 160 | |
Sales | 40 | ? | ? |
|
MakrelMakrel
Sales' LIFO cost of ending inventory would be
A.$ 205$205.
B.$ 180$180.
C.$ 232$232.
D.$ 400$400.
Use the following data ofTortoiseTortoiseSales, Inc.:
|
| Unit | Total | Units |
| Units | Cost | Cost | Sold |
Beginning inventory | 18 | $6 | $108 | |
Purchase on Apr 25 | 40 | 7 | 280 | |
Purchase on Nov 16 | 19 | 8 | 152 | |
Sales | 40 | ? | ? |
|
TortoiseTortoise
Sales' average cost of ending inventory is
A.$ 259$259.
B.$ 278$278.
C.$ 320$320.
D.$ 241$241.
Use the following data of
StingrayStingray
Sales, Inc.:
|
| Unit | Total | Units |
| Units | Cost | Cost | Sold |
Beginning inventory | 14 | $3 | $42 | |
Purchase on Apr 25 | 41 | 5 | 205 | |
Purchase on Nov 16 | 11 | 9 | 99 | |
Sales | 50 | ? | ? |
|
StingrayStingraySales uses a FIFO inventory system. Cost of goods sold for the period is
A.$ 294$294.
B.$ 222$222.
C.$ 262$262.
D.$ 450$450.
Use the following data of MakrelMakrel Sales, Inc.: Beginning inventory Purchase on Apr 25 Purchase on Nov 16 Sales Units 10 39 16 40 Unit Cost $6 8 10 ? MakrelMakrel Sales' LIFO cost of ending inventory would be A. $ 205$205. B. $ 180$180. C. $ 232$232. D. $ 400$400. Total Cost $60 312 160 ? Units Sold
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