Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: Assume that at the end of November it would cost Peeke $45 per unit to replace its inventory. The sum of cost of goods sold and cost of ending inventory for November will be: A. $3800 B. $6700 C. $9000 D. $17000 On May 1, Carlisle Co, sold inventory to a customer for $1, 000 2/10, n/30. Carlisle Co. uses the gross method for reporting sales discounts. The customer paid the account in full on May 20. What will be the Net Sales reported on the Income Statement from these transactions? A. 980 B. 1, 000 Assume OMG uses the periodic method of accounting for inventory. A fire destroyed the retail store during June. Only the following information is available from the accounting records. OMG Company had inventory at the beginning of June with a cost of $100, 000. During June (before the fire), OMG purchased 500, 000 of additional inventory. OMG had sales revenue of $400, 000. Historically OMG has had a gross margin (or gross profit) percentage of 40%. Use the gross profit method to estimate the amount of inventory OMG lost in the fire. (In other words, calculate what Ending Inventory would have been if not for the fire by using estimated COGS with GM%.) A. 360000 B. 200000 C.260000 D.240000 Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: 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. $1050 B.$900 C.$6700 D.S1005 E.$1200 Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: What is Peeke's cost of ending inventory using LIFO? A. $1200 B.$900 C.$5800 D.$1050 Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: What is the cost assignment to Peeke's cost of goods sold using FIFO? A. $5650 B.$5695 C.$5800 D.$5000 E.$5500 Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: What will Peeke report as gross margin for November assuming they use LIFO? A. $11200 B.$5800 C.$5500 D.$11500 E. $17000 Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: Assume that at the end of November it would cost Peeke $45 per unit to replace its inventory. The sum of cost of goods sold and cost of ending inventory for November will be: A. $3800 B. $6700 C. $9000 D. $17000 On May 1, Carlisle Co. sold inventory to a customer for $1, 000 2/10, n/30. Carlisle Co. uses the gross method for reporting sales discounts. The customer paid the account in full on May 20. What will be the Net Sales reported on the Income Statement from these transactions? A. 980 B. 1, 000 Assume OMG uses the periodic method of accounting for inventory. A fire destroyed the retail store during June. Only the following information is available from the accounting records. OMG Company had inventory at the beginning of June with a cost of $100, 000. During June (before the fire), OMG purchased 500, 000 of additional inventory. OMG had sales revenue of $400, 000. Historically OMG has had a gross margin (or gross profit) percentage of 40%. Use the gross profit method to estimate the amount of inventory OMG lost in the fire. (In other words, calculate what Ending Inventory would have been if not for the fire by using estimated COGS with GM%.) A. 360000 B. 200000 C. 260000 D. 240000