Vaughn Company's inventory of $1,117,300 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 $70,950 to Vaughn Company were received on January 4, 2021. (b) The physical count included $26,900 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 Vaughn report as inventory on its balance sheet? Inventory to be reported $ eTextbook and Media Bramble Corp. had 1,900 units of part M.O. on hand May 1, 2020, costing $29 each. Purchases of part M.O. during May were as follows. Bramble Corp. had 1,900 units of part M.O. on hand May 1, 2020, costing $29 each. Purchases of part M.C. during May were as follows. Units Units Cost May 9 2,400 $31 17 3,900 32 26 1,400 34 A physical count on May 31, 2020, shows 2,400 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 decimal places, e.g. 1,620.) FIFO LIFO Average Cost Inventory Cost $ $ $ To what extent was Sage Equipment Co. able to show a more favorable balance sheet at December 31 by holding its cash book open? (Compute working capital and the current ratio.) Assume that the balance sheet that was prepared by the company showed the following amounts: (Round ratios to 2 decimal places, e.g. 4.56.) Dr. Cr. Cash $41,560 Accounts receivable 45,990 Inventory 69,380 Accounts payable $43,210 Other current liabilities 12,892 Per Balance Sheet After Adjustment Working capital $ $ Current ratio to 1 to 1 Coronado Inc., a retail store chain, had the following information in its general ledger for the year 2021. Merchandise purchased for resale Interest on notes payable to vendors Purchase returns Freight-in Freight-out (delivery expense) Cash discounts on purchases $953,463 8,113 16,950 23,100 17,696 7,342 What is Coronado's inventoriable cost for 2021? Coronado's inventoriable cost for 2021 $ eTextbook and Media