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Sandhill Corp. had 1,700 units of part M.O. on hand May 1, 2017, costing $25 each. Purchases of part .. during May were as follows:
Sandhill Corp. had 1,700 units of part M.O. on hand May 1, 2017, costing $25 each. Purchases of part .. during May were as follows: Units Units Cost $26 28 29 May 9 2,200 17 3,700 26 1,200 A phys cal count on May 31, 2017, shows 2,200 units of part M.0. on hand. Using the FIFO method, what is the cost of part M.O.Inventory at May 31, 2017? Using the LtFO method, what is the inventory cost? Using the average-cost method, what is the inventory cost? (Round average cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 1,620.) FIFO LIFO Average Cost Inventory Cost Teal Company adopted the dollar-value LIFO methad on January 1, 2017 (using internal price indexes and multiple pools). The following data are avalable for inventory pool A for the 2 years following adoption of LIFO At Base- Year At Current-Year Cost Cost $201,600 248,900 255,500 $201,600 273,790 291,270 12/31/17 12/31/18B Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2018? December 31, 2018 Price Index Dollar-value LIFO Inventory Flint Ine., a retail store chain, had the following information in its general ledger for the year 2018 Merchandise purchased for resale Interest on notes payable to vendors Purchase returns Freight-in Freight-out (celivery expense) Cash discounts on purchases $898,098 7,836 14,980 21,560 18,084 7,333 What is Flint's inventoriable cost for 2018? Flint's Inventoriable cost for 2018
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