The following independent situations relate to inventory accounting. Answer the following questions about inventories.

Part 1

Vaughn Co. purchased goods with a list price of $168,300, subject to trade discounts of 20% and 10%, with no cash discounts allowable. How much should Vaughn Co. record as the cost of these goods?

Cost of goods purchased

$enter the Cost of goods purchased in dollars

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Part 2

Bramble Companys inventory of $1,062,300 at December 31, 2020, was based on a physical count of goods priced at cost and before any year-end adjustments relating to the following items.

(a)		Goods shipped from a vendor f.o.b. shipping point on December 24, 2020, at an invoice cost of $75,630 to Bramble Company were received on January 4, 2021.
(b)		The physical count included $30,510 of goods billed to Sakic Corp. f.o.b. shipping point on December 31, 2020. The carrier picked up these goods on January 3, 2021.

What amount should Bramble report as inventory on its balance sheet?

Inventory to be reported

$enter Inventory to be reported in dollars

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Part 3

Sunland Corp. had 1,880 units of part M.O. on hand May 1, 2020, costing $29 each. Purchases of part M.O. during May were as follows.

		Units		Units Cost
May 9		2,380		$30
17		3,880		32
26		1,380		33

A physical count on May 31, 2020, shows 2,380 units of part M.O. on hand. Using the FIFO method, what is the cost of part M.O. inventory at May 31, 2020? Using the LIFO 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		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places

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Part 4

Coronado Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.

Inventory		At Base-Year Cost		At Current-Year Cost
1/1/20		$206,800		$206,800
12/31/20		226,500		271,800
12/31/21		232,600		288,424

Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2021?

		December 31, 2021
Price Index		enter the price index
Dollar-value LIFO inventory		$enter a dollar amount

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Part 5

Whispering Inc., a retail store chain, had the following information in its general ledger for the year 2021.

Merchandise purchased for resale		$884,460
Interest on notes payable to vendors		8,450
Purchase returns		15,210
Freight-in		23,530
Freight-out (delivery expense)		15,750
Cash discounts on purchases		6,848

What is Whisperings inventoriable cost for 2021?

Whisperings inventoriable cost for 2021

$enter Whisperings inventoriable cost for 2021 in dollars