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Question 1 (1 point) Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 4.59 Purchases Jan 12
Question 1 (1 point) Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 4.59 Purchases Jan 12 600 $ 6.67 Jan 26 160 $ 6.39 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the ending inventory for the period using FIFO method? Response rounded to whole numbers, without commas and without dollar signs. Your Answer: Answer Question 2 (1 point) Question 2 (1 point) Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 5.46 Purchases Jan 12 600 $ 6.06 Jan 26 160 $ 6.66 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the Cost of Goods Sold for the period using perpetual LIFO method? Response rounded to whole numbers, without commas and without dollar signs. Your Answer: Answer Question 3 (1 point) Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 5.55 Purchases Jan 12 600 $ 5.29 Jan 26 160 $ 6.38 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the ending inventory for the period using perpetual LIFO method? Response rounded to whole numbers, without commas and without dollar signs. Your Answer: Answer Question 4 (1 point) Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 4.70 Purchases Jan 12 600 $ 6.40 Jan 26 160 $ 6.40 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the weighted average cost per unit after the purchase made on January 12th? Response rounded to two decimal places, without commas and without dollar signs. Your Answer: Answer Question 5 (1 point) Target Inc. has the following sales and purchase activity for the period. There beginning inventory $2,000 and their ending inventory is $3,000. What is their gross profit? Purchase discounts $ 680 Purchase returns $ 3,000 Purchases 45,000 Sales $ 100,000 Freight in $ 4.000 Response in whole dollars, with no commas and no dollar signs. Your
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