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QUESTION 22 Use the information below for the following the questions The following information able for De Bruyne Company for the month of January, and

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QUESTION 22 Use the information below for the following the questions The following information able for De Bruyne Company for the month of January, and De Bruyne (1) average costing method under the perpetual wyshem, andior (2) LIFO of how cumption under the periode wytem. Beginning werdery (Auery 1) Purchase (nry 10) Sale (January 13) Purchase (January 28) Sale (Jerry 80) Number of units 450 600 350 300 Unit Cool Price (5) 40 45 72 48 74 400 What is cost of goods sold for January using the two different cost flow assumptions? Average Cost and Perpetual system LIFO and Periodic system ($30,021 $28,578 () $31,578 $32,760 () $32,761 $34,650 (IV) $35,963 $36,020 00 (IV) QUESTION 23 What is ending inventory on January 31 using the two different cost flow assumptions? Average cost and Perpetual system LIFO and Periodic system (o $26,640 $24.750 (I $27,824 $26,640 (10 $29,370 $27.824 (iv) $23,437 $29,380 60 (IM) QUESTION 24 What is the amount of tax savings (after rounding) for January if De Bruyne un LIFO periodic instead of average cont perpetual, asuming that the effective tax rate in 25%7 $296 $472 $888 $1,417

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