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please answer all questions and parts in 10 min thanks Waterway Industries has the following account balances at year end: Office supplies $ 3700 Raw
please answer all questions and parts in 10 min thanks
Waterway Industries has the following account balances at year end: Office supplies $ 3700 Raw materials 27500 Work-in-process 59000 Finished goods 96500 Prepaid insurance 6800 What amount should Waterway report as inventories in its balance sheet? $186700. $100200 $183000. $96500. Sheridan Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1101000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices $1271000 Current Price Index 105 December 31, 2020 December 31, 2021 December 31, 2022 1440000 123 1623000 128 What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO? (Round intermediate calculations and final answer to 0 decimal places, e.g. 10,000.) $1167732 $1174219 $1170732 $1210476 Units Unit Cost Total Cost Balance at January 1 9200 $9.73 $89516 Purchases: January 6 5800 10.33 59914 January 26 7900 10.75 84925 Sales January 7 (7700) January 31 (10900) Balance at January 31 4300 Assuming that Marigold does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method, rounded to the nearest dollar? $45298 $44598 $44105 $44006. Units Unit Cost Total Cost Balance at January 1 9000 $9.77 $87930 Purchases: January 6 6500 10.29 66885 January 26 8200 10.75 88150 Sales January 7 (7500) January 31 (10900) Balance at January 31 5300 Assuming that Sunland maintains perpetual inventory records, what should be the inventory at January 31, using the moving average inventory method, rounded to the nearest dollar? (Round average cost per unit to 3 decimal places, e.g. 1.485.) $54982 $54455 $54333 $55620 Step by Step Solution
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