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Please need help for these questions TB MC Qu. 05-100 (Algo) A company's inventory records indicate the following... A company's inventory records indicate the following
Please need help for these questions
TB MC Qu. 05-100 (Algo) A company's inventory records indicate the following... A company's inventory records indicate the following data for the month of January: Date Activities Units Acquired at Cost Unita Sold at Retail January 1 Beginning inventory 410 units $18 - $7,380 January 8 Purchase 390 units & $20 - $7,800 January 12 Sale 700 units 9 $70 January 17 Purchase 450 units @ $22 - $9,900 January 23 Sale 325 units @ $70 January 28 Purchase 510 units $24 - $12,240 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending Inventory? Multiple Choice $7150 Multiple Choice $7150 $16.790 $14,630 $19.780 $20.530 TB MC Qu. 05-108 (Algo) A company had the following... A company had the following purchases and sales during the month of November Date Activities Units Acquired at Cost November 1 Beginning inventory 5 units @ $22 - $110 November 2 Purchase 10 units @ $24 = $240 November 6 Purchase 6 units $27 - $162 November 8 Sales Units Sold at Retail 8 units 9958 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice $302 O $314 $322 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice $302 $314 $322 $334 $306 TB MC Qu. 05-109 (Algo) Marquis Company uses... Marquis Company uses a weighted-average perpetual Inventory system and has the following purchases and sales: Units Sold at Retail Date August 2 August 18 August 29 Activities Purchase Purchase Sales Units Acquired at Cost 10 units @ $52 - $520 15 units @ $54 - $810 12 units sold What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice $150.50 $628.00 at is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice $150.50 5628.00 $638.40 $810.00 $1,330.00Step by Step Solution
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