3. Shipping Terms and Inventoriable Cost. Super Sale Club reported inventory of P36,400 at December 31, 2020, end of its fiscal year. You discovered that the inventory amount included the following: • Merchandise costing P3,700 ordered on December 22, 2020; shipped to the company FOB destination and arrived on January 2, 2021. • Merchandise costing P4,800 held on consignment. • Merchandise costing P6,200 ordered from a supplier on December 26, 2020; shipped FOB shipping point on December 28 but had not arrived by December 31. • Merchandise costing P5,900 ordered by a customer on December 27, 2019; shipped FOB destination on December 29, 2020 for arrival at the customer's warehouse on January 5, 2021. Compute the correct amount of inventory to be reported in Super Sale's December 31, 2020 statement of financial position.

1. Wards’ inventories are determined using FIFO (periodic). Wards provided the following information for thefirst quarter of 2019:     Beginning inventory, January 1, 2019 60 units @ $63.00     (1) Purchase 40 units @ $56.25     (2) Purchase 95 units @ $66.00     (3) Purchase 30 units @ $64.50     Ending inventory, March 31, 2019 45 nitsa) Compute the company’s cost of goods sold for the first quarter.b) Compute the ending inventory to be reported on Wards’ balance sheet at March 31, 2019.

Use the following information (M) from Marvel Company for the month of July to answer the question: Perpetual: Assume that Marvel uses a perpetual FIFO inventory system. What is the dollar value of its ending inventory?

1. Calculate January's ending inventory and cost of goods sold for the month using FIFO, periodic system.

Subject - account  Please help me.  Thankyou.

Required information [The following information applies to the questions displayed below.] Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug. 1 Inventory on hand-3,600 units; cost $7.70 each. 8 Purchased 18,000 units for $7.10 each. 14 Sold 14, 400 units for $13.60 each. 18 Purchased 10,800 units for $6.60 each. 25 Sold 13,400 units for $12.60 each. 28 Purchased 5,600 units for $5.80 each. 31 Inventory on hand-10,200 units. Required: 1. Using calculations based on a perpetual inventory system, determine the inventory Balance Altira would report in its August 31, 2021, palance sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO method. Cost of Goods Sold - August 25 Inventory Balance Cost of Goods Available for Sale Cost of Goods Sold - August 14 Cost of Goods # of units in Cost per End # of units sold Total Cost of Goods Sold Perpetual FIFO: Cost per unit Cost…

Required information [The following information applies to the questions displayed below.]   Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:   Aug.1 Inventory on hand—3,700 units; cost $7.80 each. 8 Purchased 18,500 units for $7.20 each. 14 Sold 14,800 units for $13.70 each. 18 Purchased 11,100 units for $6.40 each. 25 Sold 13,800 units for $12.70 each. 28 Purchased 5,700 units for $5.80 each. 31 Inventory on hand—10,400 units.     Required:1. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO method.

Please help with Question B

Please help me

The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023. Beginning Feb. 10 Aug. 21 640 units @ $75/unit 350 units @ $72/unit 230 units @ $85/unit Stilton Company has two credit sales during the period. The units have a selling price of $135 per unit. Sales Mar. 15 430 units Sept. 10 335 units Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold a FIFO b. Moving weighted average