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184 calculate the ending inventory using lifo for a company that uses a perpetual in 4295718

 

184.Calculate the ending inventory using LIFO for a company that uses a perpetual inventory system, using the information given below.
 

UnitsUnit Cost

Beginning inventory100$10

Aug. 5 purchased4012

Aug. 10 sold60-

Aug. 15 purchased7013

Aug. 25 sold50

 
 

 

185.Using the information given below for a company that uses a perpetual inventory system, calculate the ending inventory using weighted average.
 

UnitsUnitCost

Beginning inventory100$10

Jan. 5 purchased4012

Jan. 10 sold60-

Jan. 15 purchased7013

Jan. 25 sold50-

 
 

186.Use the information below to determine the sales revenue, cost of goods sold and gross profit that would be reported for the company related to the March 16 sale assuming the company uses FIFO inventory valuation and a perpetual inventory system.
 

January 1:Purchased 100 units at $10 per unit.

February 5:Purchased 60 units at $12 per unit.

March 16:Sold 40 units for $16 per unit.

 
 

 

 

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