n its first month of operations, Tamarisk, Inc. made three purchases of merchandise in the following sequence: (1) 165 units at $8, (
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- Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $2,000. What was the beginning inventory if the ending inventory was $1,000?Akira Company had the following transactions for the month. Calculate the gross margin for the period for each of the following cost allocation methods, using periodic inventory updating. Assume that all units were sold for $25 each. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)Bleistine Company had the following transactions for the month. Calculate the gross margin for the period for each of the following cost allocation methods, using periodic inventory updating. Assume that all units were sold for $50 each. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
- In its first month of operations, Sheffield Corp. made three purchases of merchandise in the following sequence: (1) 350 units at $8, (2) 400 units at $9, and (3) 500 units at $10. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $___________________In its first month of operations, Lily Company made three purchases of merchandise in the following sequence: (1) 310 units at $8, (2) 450 units at $9, and (3) 240 units at $10. (a) Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Average unit cost $In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: (1) 380 units at $4, (2) 480 units at $6, and (3) 580 units at $7. Sunland uses a periodic inventory system (a1) Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost
- In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: (1) 380 units at $7, (2) 480 units at $9, and (3) 580 units at $10. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $enter an average unit cost in dollars SHOW LIST OF ACCOUNTS LINK TO TEXT Compute the cost of the ending inventory under the average-cost method, assuming there are 280 units on hand at the end of the period. (Round answer to 0 decimal places, e.g. 125.) The cost of the ending inventory $enter the cost of the ending inventory in dollarsIn its first month of operations, Lily Company made three purchases of merchandise in the following sequence: (1) 350 units at $6, (2) 450 units at $7, and (3) 200 units at $8. Lily uses the periodic inventory system. (a1) Calculate the weighted-average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted-average unit cost $In its first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 500 units at $6, (2) 600 units at $7, and (3) 700 units at $9. Blossom uses a periodic inventory system. (a1) Calculate weighted-average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average unit cost $
- In its first month of operations, Lily Company made three purchases of merchandise in the following sequence: (1) 350 units at $6, (2) 450 units at $7, and (3) 200 units at $8. Lily uses the periodic inventory system. (a1) Your answer has been saved. See score details after the due date. Calculate the weighted-average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted-average unit cost $ 6.85 (a2) Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand. (Round answer to 0 decimal places, e.g. 1,250.) The cost of the ending inventory $n its first month of operations, Waterway Company made three purchases of merchandise in the following sequence: (1) 320 units at $8, (2) 440 units at $9, and (3) 240 units at $10. Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Average unit cost $ Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand. (Round answer to 0 decimal places, e.g. 1,250.) The cost of the ending inventory $ Click if you would like to Show Work for this question: Open Show WorkIn its first month of operations, Waterway Company made three purchases of merchandise in the following sequence: (1) 310 units at $7, (2) 460 units at $8, and (3) 230 units at $9. Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Average unit cost Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand. (Round answer to O decimal places, eg. 1,250.) The cost of the ending inventory $