Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November Beginning Inventory 100 units @ $30.00 per unit Purchase #1 60 units @ $35.00 per unit Purchase #2 40 units @ $40.00 per unit Ending Inventory (physical count) | 30 units Peeke's recorded 17,000 in Sales Revenue. What cost is assigned to Peeke's ending inventory using Average Cost? Round interim computations to the nearest penny and your final answer to the nearest dollar. A $900 B. $6700 C.$1005 D. $1200 QUESTION 12 Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: Beginning Inventory Purchase #1 100 units @ $30.00 per unit 60 units @ $35.00 per unit 40 units @ $40.00 per unit Purchase #2 Ending Inventory (physical count) 30 units Peeke's recorded $17,000 in Sales Revenue. What is the cost assignment to Peeke's COGS (cost of goods sold) using FIFO (First In First Out)? A $5695 B. $5650 C. $5800 D. $5500 Peeke Company uses the poriodic method of accounting. Peeke Company has the following inventory information summarizing activity during November. 100 units @ $30.00 per unit Beginning Inventory Purchase #1 60 units @ $35.00 per unit 40 units @ $40.00 per unit Purchase #2 Ending Inventory (physical count) | 30 units Peeke's recorded $17,000 in Sales Revenue. What is Peeke's cost of ending inventory using LIFO (Last In First Out)? A $900 B. $5800 C.$1050 D. $1200 QUESTION 14 Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: Beginning Inventory 100 units @ $30.00 per unit Purchase #1 60 units @ $35.00 per unit Purchase #2 40 units @ $40.00 per unit Ending Inventory (physical count) 30 units Peeke's recorded $17,000 in Sales Revenue. What will Peeke report as gross margin for November assuming they use LIFO (Last In First Out)? A. $5800 B. $17000 C.$5500 D.$11500 E $11200 Pecke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: Beginning Inventory 100 units @ $30.00 per unit Purchase #1 60 units @ $35.00 per unit Purchase #2 40 units @ $40.00 per unit Ending Inventory (physical count) 30 units What is the COGAS (cost of good available for sale) for November? HINT: Remember, COGAS is sum of COGS and cost of ending inventory. This is the same regardless of if you are using FIFO, LIFO or Weighted Average, so you pick whichever one you'd like. It is the allocation of COGAS between COGS and El that varies depending on the method employed. A. $3800 B. 99000 C. $17000 D. 56700