Question 5 SCCCD Company's inventory records report the following in September of the current year: Beginning...
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Question 5 SCCCD Company's inventory records report the following in September of the current year: Beginning September 1 Purchase September 2 Purchase September 12 15 units @ $8 16 units @ $9 21 units @ $10 On September 8, it sold 22 units for $35 each. Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the units sold? Question 6 1.5 pts 1 pts Red Company has beginning inventory of 23 units at a cost of $12.00 each on May 1. On May 5, it purchases 17 units at $14.00 per unit. On May 12 it purchases 25 units at $16.00 per unit. On May 15, it sells 44 units for $32 each. Using the FIFO perpetual inventory method, what is the value of the inventory on May 15 after the sale? Question 7 1.5 pts Pink Company has beginning inventory of 24 units at a cost of $12.00 each on May 1. On June 5, it purchases 15 units at $14.00 per unit. On June 12 it purchases 20 units at $16.00 per unit. On June 15, it sells 40 units for $32 each. Using the LIFO perpetual inventory method, what is the value of the inventory on June 15 after the sale? A Go Question 5 SCCCD Company's inventory records report the following in September of the current year: Beginning September 1 Purchase September 2 Purchase September 12 15 units @ $8 16 units @ $9 21 units @ $10 On September 8, it sold 22 units for $35 each. Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the units sold? Question 6 1.5 pts 1 pts Red Company has beginning inventory of 23 units at a cost of $12.00 each on May 1. On May 5, it purchases 17 units at $14.00 per unit. On May 12 it purchases 25 units at $16.00 per unit. On May 15, it sells 44 units for $32 each. Using the FIFO perpetual inventory method, what is the value of the inventory on May 15 after the sale? Question 7 1.5 pts Pink Company has beginning inventory of 24 units at a cost of $12.00 each on May 1. On June 5, it purchases 15 units at $14.00 per unit. On June 12 it purchases 20 units at $16.00 per unit. On June 15, it sells 40 units for $32 each. Using the LIFO perpetual inventory method, what is the value of the inventory on June 15 after the sale? A Go
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