Assume Ava Co. has the following purchases of inventory during the first month of operations Number of Units Cost per unit 115 3.0 110 4.6 First Purchase Second Purchase Assuming Ava Co sells 155 units at $12 each, what is the ending balance in the inventory account if they use LIF

Inventory records for Marvin Company revealed the following:  Date Transaction Numberof Units UnitCost Mar. 1 Beginning inventory   940   $ 7.10   Mar. 10 Purchase   510     7.55   Mar. 16 Purchase   730     8.04   Mar. 23 Purchase   570     8.44     Marvin sold 1,870 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)   Multiple Choice   $13,351.   $15,783.   $14,957.   $13,901.

Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September. Sep. 1 Inventory 20 units at $20 4 Sold 10 units 10 Purchased 30 units at $25 17 Sold 20 units 30 Purchased 10 units at $30 If Addison uses FIFO, the September 30 inventory is Oa. $650 Ob. $800 Oc. $700 Od. $750

Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 25 units $12 5 Sale 15 units 15 Purchase 26units $13 30 Sale 16 units   assuming a perpetual inventory system and the last in first out method, determine the cost of the merchandise sold for the sept 30 sale and the inventory on sept 30

The following information pertains to inventory for a company:  March 1 Beginning inventory = 32 units @ $5.60 March 3 Purchased 16 units @ 4.30 March 9 Sold 28 units @ 8.20 What is the cost of goods sold, assuming the company uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Choose one of the answers $121 $120 $157 $136

Inventory records for Eliza Company revealed the following: Date Transaction March 1 Beginning Inventory March 10 March 16 March 23 Purchase Purchase Purchase Number of Units Unit Cost 1,050 $ 7.14 530 880 530 7:33 7.45 7.70 Eliza sold 2,000 units of inventory during the month. What is the cost of goods sold assuming weighted-average cost? (Round the weighted-average unit cost to 4 decimals if necessary and round your final answer to nearest whole dollar.) Multiple Choice O $14,280 О $14,660 $14 810

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

Assume Ava Co has the following purchases of inventory during the first month of operations   Number of Units Cost per unit First Purchase 332 3.5 Second Purchase 205 4.5   Assuming Ava sells 335 units at $11 each, what is the value of their ending inventory  if they use LIFO?

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Hh1. Account