The following situations are independent.

Cullumber Co., a wholesale company, had the following information in its general ledger for the year 2018.

Merchandise purchased for resale	$537,500
Purchase returns	9,500
Marketing expense	6,200
Freight-in	19,600
Interest on notes payable to vendors	4,800
Freight-out (delivery expense on sales)	21,450
Cash discounts on purchases	5,130

What is Cullumbers inventoriable cost for 2018?

Cullumbers inventoriable cost for 2018

$

Shamrock, Inc.s inventory of $858,000 at December 31, 2017, was based on a physical count of goods priced at cost. The total does not include any adjustments for the following items.

(a)	Goods shipped from a vendor f.o.b. destination on December 24, 2017, at an invoice cost of $12,000toShamrockwere received on January 4, 2018.These goods were excluded from the physical count.
(b)	The physical count excluded goods held by a retailer (Deals Corp.) on consignment forShamrock, Inc. The cost of these goods toShamrockwas $39,500.Shamrockdid not record a sale when it shipped the goods to Deals.
(c)	The inventory included $46,400of goods that were inShamrocks warehouse on the morning of December 31, 2017 but were shipped to a customer f.o.b. shipping point later that day, after they had been included in the physical inventory count.

What inventory amount should appear on Shamrocks December 31, 2017 balance sheet?

Inventory to be reported

$

LINK TO TEXT LINK TO TEXT

Sheffield Corp. had 2,100 units of part T on hand April 1, 2017, costing $8.00 each. During April, Sheffield made the following purchases of part T.

Units	Unit Cost
April	4	3,500	$8.25
10	4,300	8.40
19	1,000	9.00
29	2,700	9.90

A physical count at April 30, 2017 showed 3,900 units of Part T on hand. Using the FIFO method, what is the cost of part T inventory at April 30, 2017? 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	$	$	$

LINK TO TEXT LINK TO TEXT

Pharoah Company has used the dollar-value LIFO method since January 1, 2017. Pharoah uses internal price indexes and multiple pools. At the end of calendar year 2018, the following data are available for Pharoahs inventory pool A.

Inventory	At Base-Year Cost	At Current-Year Cost
January 1, 2017	$1,000,000	$1,000,000
December 31, 2017	1,250,000	1,375,000
December 31, 2018	1,300,000	1,495,000

Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory in Pool A be reported at December 31, 2018?

December 31, 2018
Price Index
Dollar-value LIFO inventory	$