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Required information Tiger Corp. had the following beginning inventory, as well as the following purchases and sales in the month of January Date Purchase/Sale Quantity
Required information Tiger Corp. had the following beginning inventory, as well as the following purchases and sales in the month of January Date Purchase/Sale Quantity Cost Begin. Inv 200 $25 January 8 Purchase 100 $28 January 10 Sale 125 January 19 Purchase 200 $30 January 25 Sale 100 There were 275 units on hand at the end of the month Tiger Corp. uses a perpetual Inventory system. Answer the following questions regarding Tiger Corp's inventory What is cost of goods sold if the company uses FIFO? Required information Tiger Corp. had the following beginning inventory, as well as the following purchases and sales in the month of January Purchase/Sale Cost $25 $28 Date Begin. Inv. January 8 January 10 January 19 January 25 Purchase Sale Purchase Sale Quantity 200 100 125 200 100 $30 There were 275 units on hand at the end of the month. Tiger Corp. uses a perpetual Inventory system. Answer the following questions regarding Tiger Corp's inventory What is ending inventory if the company uses FIFO? Required information Tiger Corp. had the following beginning inventory, as well as the following purchases and sales in the month of January Purchase/Sale Cost $25 $28 Date Begin. Inv. January 8 January 10 January 19 January 25 Purchase Sale Purchase Sale Quantity 200 100 125 200 100 $30 There were 275 units on hand at the end of the month Tiger Corp. uses a perpetual Inventory system. Answer the following questions regarding Tiger Corp's inventory What is the cost of goods sold If the company uses average-cost (round average cost to two decimal places)? Required information Tiger Corp. had the following beginning inventory, as well as the following purchases and soles in the month of January Date Purchase/Sale Quantity Cost Begin. Inv 200 $25 January 8 Purchase 100 $28 January 10 Sale 125 January 19 Purchase 200 $30 January 25 Sale 100 There were 275 units on hand at the end of the month. Tiger Corp. uses a perpetual Inventory system. Answer the following questions regarding Tiger Corp's inventory What is the ending Inventory if the company uses average-cost (answers may differ slightly due to rounding but your calculation should be within about a dollar of the answer)? Required information Tiger Corp. had the following beginning inventory, as well as the following purchases and sales in the month of January Date Purchase/Sale Quantity Cost Begin. Inv. 200 325 January 8 Purchase 100 $28 January 10 Sale 125 January 19 Purchase 200 $30 January 25 Sale 100 There were 275 units on hand at the end of the month Tiger Corp. uses a perpetual inventory system. Answer the following questions regarding Tiger Corps inventory What is cost of goods sold it the company uses LIFO
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