Question 9 As a result of a thorough physical inventory, Marigold Company determined that had inventory worth $319200 at December 31, 2018. This count did not take into consideration the following facts: Herschel Consignment currently has goods worth $46900 ont sales floor that belong to Marigold but are being sold on consignment by Herschel The selling price of these goods is $74600. Marigold purchased $22600 of goods that were shipped on December 27, FOB destination, that will be received by Marigold on January 3. Determine the correct amount of inventory that Marigold should $339200 $366100 $119200 3336100 Question Attempts of 1 used SUBMIT ANSWER Question 10 Swifty Company uses a periodic Inventory system. Details for the inventory account for the month of January, 2018 are as follows: Balance, 1/1/18 Purchase, 1/15/18 Purchase, 1/28/18 Units Per unit price 160 $6.00 100 5.50 1 00 5.40 Total $960 550 540 An end of the month (1/31/18) inventory showed that 260 units were on hand. If the company uses FIFO, what is the value of the ending inventory? $1560 $1384 $1420 $1430 Question Att SOURCES Question 11 Crane Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Total $600 Balance, 1/1/18 Purchase, 1/15/18 Purchase, 1/28/18 Units Per unit price 150 $4.00 70 5.10 7 0 5.30 357 371 An end of the month (1/31/18) Inventory showed that 160 units were on hand. If the company uses LIFO, what is the value of the ending inventory? 12 $794 $816 215 $830 $540 on 18 son 21 zion 22 Question Attempts stion 25 w Score Question 12 Bonita has the following inventory information July 1 7 22 Beginning Inventory Purchases Purchases 30 units at $16 60 units at $21 10 units at $20 $480 1260 200 $1940 A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the average-cost method, the value of ending Inventory is $754. $776. $795 $802. Question Attempts: 0