A company's Inventory records show the following data for the month of July. Date July 1 Activities July 5 Beginning inventory Purchase July 10 July 20 July 25 Sale Purchase Sale Units Acquired at Cost 100 units @ $63 = $6,300 50 units @ $66 = $3,300 Units Sold at Retail 75 units @ $50 225 units @ $68 $15,300 200 units @ $50 If the company uses the weighted average method and the perpetual Inventory system, what would be the cost of its ending Inventory? Date Goods purchased Number of Cost per units Cost of Goods Sold Inventory Balance unit Number of units sold Cost per unit Cost of Goods Sold Number of units Cost per unit Inventory Balance July 1 100 at $ 63.00 = S 6,300.00 July 5 50 at $ 54.00 Average cost July 5 100 at $ 150 at $ 250 at $ 63.00 = S 6,300.00 54.00= 52.00 8,100.00 $ 14,400.00 July 10 75 at $ 52.00] = $ 3,900.00 75 at $ 52.00 = S 3,900.00 225 at $68.00 75 at $ 52.00= S 3,900.00 July 20 225 at $ 68.00 = 15,300.00 Average cost July 20 300 at $ 68.00 $ 19,200.00 July 25 200 at Total July 25

Calculate the cost of goods sold dollar value for A67 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG).

Hurst Companys beginning inventory and purchases during the fiscal year ended December 31, 20-2, were as follows: There are 1,200 units of inventory on hand on December 31, 20-2. REQUIRED 1. Calculate the total amount to be assigned to the cost of goods sold for 20-2 and ending inventory on December 31 under each of the following periodic inventory methods: (a) FIFO (b) LIFO (c) Weighted-average (round calculations to two decimal places) 2. Assume that the market price per unit (cost to replace) of Hursts inventory on December 31 was 18. Calculate the total amount to be assigned to the ending inventory on December 31 under each of the following methods: (a) FIFO lower-of-cost-or-market (b) Weighted-average lower-of-cost-or-market 3. In addition to taking a physical inventory on December 31, Hurst decides to estimate the ending inventory and cost of goods sold. During the fiscal year ended December 31, 20-2, net sales of 100,000 were made at a normal gross profit rate of 35%. Use the gross profit method to estimate the cost of goods sold for the fiscal year ended December 31 and the inventory on December 31.

Financial statement data for years ending December 31 for Holland Company follow: a. Determine the inventory turnover for 20Y4 and 20Y3. b. Determine the days sales in inventory for 20Y4 and 20Y3. Use 365 days and round to one decimal place. c. Does the change in inventory turnover and the days sales in inventory from 20Y3 to 20Y4 indicate a favorable or an unfavorable trend?