The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount ) The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014 Cash $ 18,100 Beginning inventory 20,900 (220 units $95) Common stock 14,300 Retained earnings 24,700 The following five transactions occurred in 2014 1 First purchase (cash) 125 units $97 2 Second purchase (cash) 200 units $105 3 Sales (all cash) 375 units $191 4 Paid $13,100 cash for salaries expense 5 Paid cash for income tax at the rate of 25 percent of income before taxes Required a Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted average cost flow (Do not round intermediate calculations and round your answers to nearest whole dollar amount )

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The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014: Cash $ 18,100 Beginning inventory 20,900 (220 units @

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted-average cost flow. (Do not round intermediate calculations and round your answers to nearest whole dollar amount.)

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required

The accounting records of Carrols Lamp Shop reflected the following balances as of January 1, 2014:


Cash	$	18,100
Beginning inventory		20,900	(220 units @ $95)
Common stock		14,300
Retained earnings		24,700

The following five transactions occurred in 2014:

1.	First purchase (cash) 125 units @ $97
2.	Second purchase (cash) 200 units @ $105
3.	Sales (all cash) 375 units @ $191
4.	Paid $13,100 cash for salaries expense.
5.	Paid cash for income tax at the rate of 25 percent of income before taxes.

Required
a.	Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted-average cost flow. (Do not round intermediate calculations and round your answers to nearest whole dollar amount.)