Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer from 35-40 ROOM # HOUSE Flores, Jorge amin ADMIN CT SS office admin NA Webb EES hall EES Rodriguez, Sherese admin Webb 402-

Please answer from 35-40

image text in transcribed
ROOM # HOUSE Flores, Jorge amin ADMIN CT SS office admin NA Webb EES hall EES Rodriguez, Sherese admin Webb 402- hool Administrator GIS hall admin GIS Webb BMT STEM hall STEM Webb Teacher, EC Brown, Jamar Teacher, EC EC 613 GIS Reddick Teacher, EC EC EC 803 EES Teacher. EC Mastering Inventory 35. If HuCo uses FIFO costing and its December 31, 20X5 ending inventory is 800 units, then ending inventory on its balance sheet will be . . . ists of c. $9,400 d. $7,400 gaibao 8X0 a. $8,800 b. $5,600 36. If HuCo uses LIFO costing and sold 2,000 units in 20X4, what is its cost of goods sold? 008.13 008,28 B border oub a. $14,000 b. $13,300 c. $13,100 do d. $13,000 37. If HuCo uses LIFO costing and sold 1,700 units each year, what is its sribnischa 20X5 cost of goods sold? asasdoing a. $14,300 b. $12,700 c. $14,400 d. $12,800 and LIFO 38. Assume that HuCo uses LIFO costing. It sold 1,500 units in 20X4 and has 1,000 units in its December 31, 20X5 ending inventory. What is ending inventory on its December 31, 20X5 balance sheet? 900 @ $11 a. $6,600 b. $8,000 c. $6,200 d. $7,000 600 @ $14 gaibrax 39. If HuCo uses FIFO costing and sold 1,800 units each year, what is its 20X5 cost of goods sold? 100 @ $16 a. $14,200 b. $10,700 c. $14,600 d. $10,300 ding inventory 40. HuCo, which uses weighted average costing, has 700 units in 20X4 ending inventory. If HuCo sells 1,600 units in 20X5, what is its 20X5 cost of goods sold (round unit costs in the computation to the nearest penny)? Bardem bus bora. $13,800 b. $11,040 ending c. $11,760 d. $12,816 inventory, then Jedo IsfoT 41. ViCo opened for business in 20X1 and had the following merchandise transactions: attau LetoT Units Purchased Units Sold oor.e 20X1 & Decen 1,800 @ $6 inventory is 800 20X2 than it 1,300 2,200 @ $8 1,500 ats (which is ber 31, 20X6 008,82 Use FIFO costing to compute ending inventory as of December 31, 20X2. 1000.8 a. $4,800 b. $6,800 c. $8,400 d. $9,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business And Professional Ethics

Authors: Leonard J Brooks, Paul Dunn

8th Edition

1337514462, 9781337514460

More Books

Students also viewed these Accounting questions

Question

1. Can they separate relevant from irrelevant information?

Answered: 1 week ago