Beginning inventory, purchases, and sales for Item Copper are as follows: Mar. 1 Inventory 450 units at $7 9. Sale 390 units 13 Purchase 410 units at $8 25 Sale 340 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO the inventory on March 31. a. Cost of merchandise sold on March 25 2,720 X b. Inventory on March 31 980 X

Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item CZ83 are as follows: July 1   Inventory 110 units @ $27 5   Sale 88 units 11   Purchase 122 units @ $30 21   Sale 102 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on July 21 and (b) the inventory on July 31. a. Cost of merchandise sold on July 21 $fill in the blank 1 b. Inventory on July 31

Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item FK7 are as follows: Sept. 1 Inventory 115 units at $255 10 Sale 100 units 18 Purchase 110 units at $260 27 Sale 105 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchan September 27 and (b) the inventory on September 30. a. Cost of merchandise sold on September 27 $4 b. Inventory on September 30 8

Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 24 units @ $10 5 Sale 17 units     17 Purchase 10 units @ $15 30 Sale 8 units   Assuming a perpetual inventory system and the last-in, first-out method: a.  Determine the cost of the goods sold for the September 30 sale.$fill in the blank 1

Beginning inventory, purchases, and sales for Item FK7 are as follows: Sep 1     inventory     115 units at $225       10     sales           100 units       18     purchase     110    units at $260       27     sales            105 units   Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on September 27 and (b) the inventory on September 30.

Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 200 units at $40 Oct. 7 Sale 180 units Oct. 15 180 units at $45 Oct. 24 Sale 150 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31. Purchase a. Cost of goods sold on October 24 b. Inventory on October 31

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 47 units @ $23 7 Sale 39 units 15 Purchase 35 units @ $26 24 Sale 17 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 b. Inventory on October 31

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item PK95 are as follows: August 1   Inventory 78 units @ $20 9   Sale 64 units 13   Purchase 86 units @ $24 25   Sale 20 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on August 25 and (b) the inventory on August 31. a. Cost of merchandise sold on August 25 $fill in the blank 1 b. Inventory on August 31 $fill in the blank 2

The inventory data for an item for November are: Nov. 1   Inventory 19 units at $24 4   Sold 8 units 10   Purchased 34 units at $21 17   Sold 15 units 30   Purchased 24 units at $24 Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? a.$540 b.$507 c.$771 d.$1,206

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item ER27 are as follows: May 1   Inventory 72 units @ $17 9   Sale 58 units 13   Purchase 76 units @ $19 28   Sale 22 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on May 28 and (b) the inventory on May 31. a. Cost of merchandise sold on May 28   b. Inventory on May 31