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Use the below chart to calculate the next four question: Oct 1 Beginning Inventory: 10units, $7 per unit Oct 3 Purchase: 30units, $8 per unit

Use the below chart to calculate the next four question:
Oct 1 Beginning Inventory: 10units, $7 per unit
Oct 3 Purchase: 30units, $8 per unit
Oct 5 Purchase: 10units, $10 per unit
Oct 6 Sales: (35units)
7.) What would be ending inventory under LIFO? A.) $110
B.)$300
C.) $270
D.) $140
8.) What is the total Cost of goods available for sale in $?
A.) $50
B.) $410
C.) $350
D.) $400
9.) What is the Cost of goods sold using weighted average in $?
A.) $287
B.) $278
C.) $583.3
D.) $123
10.) What is beginning inventory in $?
A.) $410
B.) $35
C.) $240
D.) $70
image text in transcribed
Use the below chart to calculate the next four question: Oct 1 Beginning Inventory: 10units, \$7 per unit Oct 3 Purchase: 30 units, $8 per unit Oct 5 Purchase: 10 units, $10 per unit Oct 6 Sales: (35units) 7.) What would be ending inventory under LIFO? A.) $110 B.) $300 C.) $270 D.) $140 8.) What is the total Cost of goods available for sale in $ ? A.) $50 B.) $410 C.) $350 D.) $400 9.) What is the cost of goods sold using weighted average in \$? A.) $287 B.) $278 C.) $583.3 D.) $123 10.) What is beginning inventory in $ ? A.) $410 B.) $35 C.) $240 D.) $70

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