The following information was available from the inventory records of Sunland Company for January:

				Units				Unit Cost			Total Cost
Balance at January 1					9200				$9.79			$90068
	Purchases:
		January 6			6400				10.23			65472
		January 26			8000				10.71			85680
	Sales
		January 7			(7400	)
		January 31			(11100	)
Balance at January 31					5100

Assuming that Sunland does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method, rounded to the nearest dollar?

$52712.

$52127.

$52244.

$53215.

Oriole Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal for each product. Specific data with respect to each product follows:

	Product #1	Product #2
Historical cost	$9	$17
Replacement cost	7	11
Estimated cost to dispose	6	8
Estimated selling price	18	29

In pricing its ending inventory using the lower-of-cost-or-market, what unit values, rounded to the nearest dollar, should Oriole use for products #1 and #2, respectively?

$11 and $12.

$11 and $12.

$7 and $12.

$7 and $11.

Carla Vista Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year:

		Cost		Retail
Beginning inventory		$ 25000		$ 40000
Purchases		140000		210000
Freight-in		2000
Net markups				8000
Net markdowns				7500
Employee discounts				1000
Sales revenue				155000

If the ending inventory is to be valued at the lower-of-cost-or-market, what is the cost-to-retail ratio?

$167000 $258000

$167000 $250000

$167000 $250500

$165000 $257500

Concord Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1109000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows:

Date		Inventory at Current Prices			Current Price Index
December 31, 2020			$1273000			107
December 31, 2021			1454000			125
December 31, 2022			1626000			130

What is the cost of the ending inventory at December 31, 2022 under dollar-value LIFO? (Round intermediate calculations and final answer to 0 decimal places, e.g. 10,000.)

$1317769.

$1250769.

$1274769.

$1280834.