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please help i believe perpetual, but these are the choices for the answer in the attached updated pic. please help, I'm struggling . thank you
please help
i believe perpetual, but these are the choices for the answer in the attached updated pic. please help, I'm struggling . thank you
Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Date Quantity Unit Cost Sale Price 10/1/2019 50 Beginning Inventory Sale $300 20 $450 10/5/2019 10/10/2019 10/17/2019 10/22/2019 10/26/2019 Purchase Purchase Purchase Sale 40 60 $320 $330 $340 30 80 $450 Assuming FIFO, what is Raptor Books cost of goods sold, ending inventory, and gross profit in dollar amounts for the month? Cost of Goods Sold: $ [Select Ending Inventory: $ Select] Gross Profit: $ Select] Raptor Bookis has the following inventary schedule for its Financial Accounting textbooks, Date Quantity Unit Cost Sale Price Beginning 10/5/2019 50 $300 Inventory Sale 10/5/2019 20 $4503 Purchase 10/10/2019 40 $320 Purchase 10/17/2019 60 $330 Purchase 10/22/2019 90 5340 Sale 10/26/2019 80 $450 Assumint company uses LIFO for its viventary cost townsumption what is Raptor Books cost of goods sold ending Inventory, and gross prontin dollar amounts for the month Cost of Goods Soldes Select Ending loventory. $ elect Gross Pro Raptor Books has the following inventory schedule for its Financial Accounting textbooks, Date Quantity Unit Cost Sale Price 10/1/2019 50 $300 $450 Beginning Inventory Sale Purchase Purchase Purchase Sale 10/5/2019 10/10/2019 10/17/2019 10/22/2019 10/26/2019 20 40 60 $320 $330 $340 30 BO $450 Assuming the company uses Weighted Average Cost for its inventory cost flow method what is the weighted average cost of the inventory as of the sale on 10/26/2019 Weighted Average cost on 10/26 Select 12111 130 3:14 Question 4 3 pts Assume that a company has the following inventory items and quantities: Inventory Item A B Quantity 200 120 80 50 Cost $11 $25 $50 $120 Market $15 $20 $40 $150 D After applying the lower-of-cost-or-market (LCM method, what is the total inventory that the company has in dollars? O $206 $225 $450 $13.000 $15 200 $16.100 Date Quantity Unit Cost Sale Price 10/1/2019 50 $300 10/5/2019 20 $450 10/10/2019 40 $320 $330 10/17/2019 60 10/22/2019 30 $340 10/26/2019 80 $450 mpany uses Weighted Average Cost for its inventory cost flow method, what is th ge Cost on 10/26: $367.14 [ Select] $321.11 $322.50 $323.75 $367.14 company has the following inventory items and quantitiesStep by Step Solution
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