During 2021, a company sells 373 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021: Data Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number Unit of Units Cost 64 $62 64 67 Ending inventory Cost of goods sold 163 180 407 Total Cost $3,968 10,432 12,060 $26,460 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO.

On January 1, 2021, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information:    Cost   Retail   Beginning inventory $ 42,350   $ 77,000   Net purchases   165,890     315,000   Net markups         9,000   Net markdowns         11,000   Net sales         292,000   Retail price index, end of year         1.04      During 2022, purchases at cost and retail were $192,750 and $385,500, respectively. Net markups, net markdowns, and net sales for the year were $4,000, $5,000, and $325,000, respectively. The retail price index at the end of 2022 was 1.05.Estimate ending inventory in 2022 using the dollar-value LIFO retail method. (Round your intermediate calculations to the nearest whole dollar. Round ratio calculation to the nearest whole percent.)

Taylor Company uses a periodic inventory system. The following is partial information from its income statements for 2019 and 2020:   2019 2020 Beginning inventory $ (b) $ (d) Sales 250,000 (f) Purchases 120,000 140,000 Purchase returns 2,000 3,000 Ending inventory 45,000 70,000 Gross profit (a) 88,000 Cost of goods sold 111,000 (e) Expenses 70,000 62,000 Net income (c) 26,000 Required Fill in the blanks lettered a through f. (Hint: It probably is easiest to work through the blanks according to the sequential letters.) (a) Gross profit        (b) Beginning inventory   (c) Net income   (d) Beginning inventory of 2020   (e) Cost of goods sold   (f) Sales

You have the following information for Van Gogh Inc. for the month ended October 31, 2025.Van Gogh uses a periodic method for inventory. Date Description Units unit cost Selling price per unit 1-Oct Beginning inventory 60 $24   9-Oct Purchase 120 $26   11-Oct Sale 100   $35 17-Oct Purchase 100 $27   22-Oct Sale 60   $40 25-Oct Purchase 70 $29   29-Oct Sale 110   $40 1. Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profitrate under LIFO.2. Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rateunder FIFO.3. Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rateunder Average-cost (round cost per unit to three decimal places.) Please dont provide solution image based thanku