ULLUIS These lots of a particular commodity were available for sale during the year: Beginning inventory 10 units at $60 25 units at $65 First purchase Second purchase Third purchase 30 units at $68 15 units at $75 The firm uses the periodic system, and there are 25 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year rounded to the nearest dollar using the weighted avera Oa. $1.575 06. $1805 ec. 53,705 Od. 51.585 Urinprogress lalse Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 5 $20 10 Sale 3 17 Purchase 10 24 20 Sale 6 23 Sale 3 30 Purchase 10 30 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the F inventory cost method. b5180 108 d. 52 Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September: Sept. 1 Inventory 20 units at $20 4 Sale 10 units 10 Purchase 30 units at $25 17 Sale 20 units 30 Purchase 10 units at $30 If Addison uses FIFO, the cost of the ending merchandise inventory on September 30 is Oa. $750 Ob. 5700 Oc. $650 Od $800 Previous Next U VURDER AssignmentSessionLocator Binprogress=false Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 5 $20 10 Sale 3 17 Purchase 10 24 20 Sale 6 10 23 Sale 3 30 Purchase 30 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method. Oa. $324 Ob. 5320 c. $364 Od. 5372 Previous