a.  Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

Beginning inventory, purchases, and sales for Product XCX are as follows: Sep. 1 Beginning Inventory 22 units @ $12 5 Sale 12 units 17 Purchase 20 units @ $14 30 Sale 15 units Assuming a perpetual inventory system and the last - in, first-out method, determine (a) the cost of the goods sold for the September 30 sale and (b) the inventory on September 30. a) Cost of goods sold Sfill in the blank 1 b) Inventory, September 30 Sfill in the blank 2

The following data regarding purchases and sales of a commodity were taken from the related inventory account (perpetual inventory system is used):   May 1 Balance 25 units at $41         6 Sale 20 units         8 Purchase 20 units at $42       16 Sale 10 units       20 Purchase 20 units at $43       23 Sale 25 units       30 Purchase 15 units at $45   (a) Determine the total cost of the inventory balance at May 31, using the first-in, first-out method.  Also, identify the quantity, unit price, and total cost of each lot/layer in the ending inventory. (b) Determine the total cost of the inventory balance at May 31, using the last-in, first-out method.  Also, identify the quantity, unit price, and total cost of each lot/layer in the ending inventory.   (a) FIFO                       (b) LIFO

Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1   Inventory 310 units at $12 13   Sale 160 units 22   Purchase 350 units at $15 29   Sale 200 units a.  Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places.$fill in the blank 1per unit b.  Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal places.$fill in the blank 2 c.  Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places.$fill in the blank 3

Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1   Inventory 350 units at $14 13   Sale 160 units 22   Purchase 310 units at $15 29   Sale 200 units a.  Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places.$fill in the blank 1per unit b.  Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal places.$fill in the blank 2 c.  Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places.

Perpetual inventory using LIFO and FIFO                                   In the spaces provided below, determine the cost of good sold and ending inventory under                 the FIFO and LIFO method for Kimbrell Corporation which uses a perpetual inventory system.                                   Below is the data for the October:                                   Beginning inventory   120 units @ $39 each             October 2 purchase   100 units @ $41 each             October 8 sale   80 units             October 15 purchase   200 units @ $42 each             October 22 sale   250 units                               FIFO                 Purchases Cost of Goods Sold Inventory Balance Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost…

Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 18 units @ $16 11 Purchase 17 units @ $14 14 Sale 23 units 21 Purchase 8 units @ $18 25 Sale 12 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using LIFO. Cost of Purchases Goods Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 11 14 21 25 Total Cost of goods sold Ending inventory value 00

sanjay

Required information [The following information applies to the questions displayed below.] Total Date March 1 March 5 March 9 March 18 March 25 March 29 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Beginning inventory Purchases: March 5 March 18 March 25 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Saved Required: 1. Compute cost of goods available for sale and the number of units available for sale. # of units Cost per Unit Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit 130 units @ $96.00 per unit 390 units Subn