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014-1S-16: A company just starting business made the following four invemtory purchases in June: June I une 10 200 units June 15 June 28 50 units s 390 5 585 $630 $495 $2,100 (total cost of purchasing) 200 units 150 units A physical count of merchandise inventory on June 30 reveals that there are 200 vmits orn hand 014: Using the LIFO inventory method, the value of the ending inventory on June 30 a. S536 b. S653. c $1,447 d $1,564 015: Using the FIFO inventory method, the amount allocated to cost of goods sold for June is a. $653. b. $1,272. c. $1,447 b. 3653. e. $1,447. d. $1,564. Q15: Using the FIFO inventory method, the amount allocated to cost of goods sold for June a. $653. b. S1,272. e. $1,447. d. S1,564. Q16: Using the average-cost method, the amount allocated to the ending inventory on June 30 is a. $2,100 b. $1,500 . $575. d. $600. Q17: Jansen Company uses the perpetual inventory system and the moving-average method to value inventories. On August 1, there were 10,000 units valued at $40,000 in the beginning inventory. On August 10, 20,000 units were purchased for $8 per unit, On August 15, 24,000 units were expected to be sold for $16 per unit, But, under avarage costing method, the amount charged to cost of goods sold on August 15 was a $40,000. b. $160,000. c $192,000. d. $144,000. Q18-19-20: You have been provided the follewing intoemation aboot High lec 2 in uhoasaads of dullars Current Assets s 13s s 433 s 102 S 163 S 502 Long Term Liabalities 3028 348 s 32 Q18: Working Capital for 2003 is: a 556,000 b. $20,000 $151,000 d. $207,000 019 Owner's Equity for 2006 is: a. $20,000 b. $154,000 C. $174,000 d. $207,000 020: Current Ratio for 2005 is: a. 1.55 b. 1.51 . 1.50 d. 1.14