Coastal Produce Market counts inventory daily. Morning count: tomatoes 120kg, received 180kg, sold 245kg. Evening count shows 48kg. The missing produce is?

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Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1 Merchandise inventory 287,000 269,500 470,400 417,100 Cost of goods sold Multiple Choice 222.7. 251.2. 中

32. Calculate inventory turnover. (Hint: Food costs for the month must first be calculated.) Show your calculations. Beginning Inventory/month Food Purchases/month Ending Inventory $2,000 9,000 4,000

For the current year, Hodges Department Store reported the following data: Goods available for sale $1,074,450 Dec. 31, inventory balance 85,430 The current replacement cost of inventory on balance sheet data is $91,730. Using the lower-of-cost-or-market rule, what is the cost of goods sold by Hodges Department Store? A. $982,720 B. $898,060 C. $897,290 D. $989,020

Assume Shopping.com began July with 10 units of inventory that cost a total of $180. During July, Shopping.com purchased and sold goods as follows: View the purchases and sales. Suppose Shopping.com used the LIFO inventory costing method and the periodic inventory system. Using the information above, determine Shopping.com's cost of goods sold at the end of the month. A. $1,065 B. $1,080 C. $105 ○ D. $90 Purchases and sales Jul. 8 Purchase 30 units @ $19 Jul. 14 Sale 25 units @ $38 Jul. 22 Purchase Jul. 27 Sale 20 units @ $21 30 units @ $38 - ☑

Sales during the year were 1,220 units. Beginning inventory was 380 units at a cost of $6 per unit. Purchase 1 was 610 units at $7 per unit. Purchase 2 was 940 units at $8 per unit.   Required: a. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using FIFO method. (Enter all values as a positive value.)   b. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using LIFO method. (Enter all values as a positive value.)

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