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please all 3 questions The following information pertains to Questions 14. 15, and 15 regarding the inventory of Duffy Corporation: #Units Cost (5) Beg. inventory
please all 3 questions
The following information pertains to Questions 14. 15, and 15 regarding the inventory of Duffy Corporation: #Units Cost (5) Beg. inventory (520 cost/unit) 111 $2,220 Purchase May 1 (S22 cost/unit) 39 858 Purchase Oct. 1 (525 cost/unit) 53 1,325 Purchase Nov. 1 ($26 cost/unit) 47 1.222 Cost of goods available for sale 250 5.625 Units sold (130) Ending inventory 120 Determine Duffy's cost of goods sold assuming it uses the weighted average method for determining its inventory costs Some answers below are rounded to the nearest dollar 52.700 $2.925 $2.685 $2.835 5 GE Using the intormation above for Duffy Corporation, determine Duffy's cost of ending inventory assuming it uses the last-in forst-out (LIFO) method for determining its inventory costs. 52.418 $2.700 $2.987 $2.400 3.85 pts Question 16 Using the above information for Duty Corporation, determine Duffy's cost of ending inventory assuming it uses the first in first-out (FIFO) method for determining its inventory costs. $2.700 $2.987 $3120 52.418 Step by Step Solution
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