Return to Blackboard Kieso, Intermediate Accounting, 16e S CALCULATOR F Exercise 8-10 Inventory Information for Part 311 of Splish Corp. discloses the following information for the month of June. June 1 Balance 303 units $14 June 10 Sold 203 units @ $33 11 Purchased 796 units $17 15 Sold 499 units $35 20 Purchased 503 units $18 27 Sold 303 units $37 Your answer is partially correct. Try again. Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) (2) LIFO FIFO Cost of Goods Sold 16779 16176 Ending Inventory 10049 10652 x Your answer is incorrect. Try again. Assuming that the perpetual Inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending Inventory at LIFO? The ending inventory at LIFO Your answer is incorrect. Try again. Assuming that the nestalinwentary mathalanadiand.estate.commuted at the time of each withdrawal what is the cross the inwanten WYPLUS Return to Blackboard JS Keten Sintermediate Accounting, 16e CALCULATOR PRINTER VE Assuming that the periodic inventory method is used, compute the cost of goods sold and ending Inventory under (1) LIFO and (2) FIFO. (1) LIFO (2) FIFO Cost of Goods Sold 16779 16176 Ending Inventory 10049 10652 Your answer is incorrect. Try again. Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO? The ending inventory at LIFO x Your answer is incorrect. Try again. Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if the inventory is valued at FIFO? Gross Profit (FIFO) Click if you would like to Show Work for this question: Open Show Work Question Attempts: Unlimited SAVE FOR 4 10 Return to Blackboard Kieso, Intermediate Accounting, 16e S CALCULATOR F Exercise 8-10 Inventory Information for Part 311 of Splish Corp. discloses the following information for the month of June. June 1 Balance 303 units $14 June 10 Sold 203 units @ $33 11 Purchased 796 units $17 15 Sold 499 units $35 20 Purchased 503 units $18 27 Sold 303 units $37 Your answer is partially correct. Try again. Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) (2) LIFO FIFO Cost of Goods Sold 16779 16176 Ending Inventory 10049 10652 x Your answer is incorrect. Try again. Assuming that the perpetual Inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending Inventory at LIFO? The ending inventory at LIFO Your answer is incorrect. Try again. Assuming that the nestalinwentary mathalanadiand.estate.commuted at the time of each withdrawal what is the cross the inwanten WYPLUS Return to Blackboard JS Keten Sintermediate Accounting, 16e CALCULATOR PRINTER VE Assuming that the periodic inventory method is used, compute the cost of goods sold and ending Inventory under (1) LIFO and (2) FIFO. (1) LIFO (2) FIFO Cost of Goods Sold 16779 16176 Ending Inventory 10049 10652 Your answer is incorrect. Try again. Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO? The ending inventory at LIFO x Your answer is incorrect. Try again. Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if the inventory is valued at FIFO? Gross Profit (FIFO) Click if you would like to Show Work for this question: Open Show Work Question Attempts: Unlimited SAVE FOR 4 10
