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Te The following information is for questions 1-4. Given the following information for LazyBoy Furniture Company in 2018, calculate the company's ending inventor and cost
Te The following information is for questions 1-4. Given the following information for LazyBoy Furniture Company in 2018, calculate the company's ending inventor and cost of goods sold, using the following inventory costing methods, assuming the company uses the perpetual system: 2018 Unit Cost $60 Units Beginning Inventory 10 Total Cost Jan 1 $600 Purchases March 28 Purchase Purchase Purchase Goods Available for Sale 66 1,320 1,400 1,900 $5,220 RY Is20 Aug 22 Oct 14 70 A noiz19 25 75 76 Sales Unit Sales Price $100 $100 Revenue $2,500 $2,000 $4.500 enl May 1 October 28 Sales 25 Sales 20 45 Total Revenue 1. Using Weighted Average cost method, the ending inventory is botiz iwasdio zeolU1 A. $2,088 C. $3,132 -al ono oad vino neo uoY Soodiz Using Weighted Average cost method, cost of goods sold is A. $2,088 C. $3,132 B. $2,172 D. $3,048 cbrabnee od boeolo i maxo eldS -bnerl (obie-owesie 2. B. $2,172 OS D. $3,048 bomil ai ma eidTE 3. Using FIFO cost method, the ending inventory is siltno A. $2,088 C. $3,132 wann uoy b001S 9A ti B. $2,250 2lniog to D. $3,048 how oe oi p A2 Using FIFO cost method, cost of goods sold is A. $2,088 C. $2,970 4. B. $2,172 D. $3,048
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