Given the following: FIFO method: 16 units left in ending inventory. 1/1/2018 Beginning inventory 9 units @ $105 = $945 4/13/2018 Purchased 14 units @ $120 = $1,680 9/17/2018 Purchased 20 units @ $130 = $2,600 12/10/2018 Purchased 14 units @ 140 = $1,960 The ending inventory is $______________

5. A company has the following inventory details as closing balance for the fiscal year: Part F: 50 units with a book cost of $5 and replacement cost of $5.35 Part H: 75 units with a book cost of $6 and replacement cost of $5.90 Part K: 160 units with a book cost of $3 and replacement cost of $2.75 Part P: 38 units with a book cost of $11 and a replacement cost of $10.65 Required: Using the lower of cost or market (LCM) method, applied in total, prepare the journal entry to update the total value of this company's ending inventory. Work Area Date General Journal Accounts. P/R Dr Cr.

间 用 (T) The periodic inventory records of Synergy Prosthetics indicate the following for the current year: Date Transaction Number of Units Unit Cost Total Cost Beginning Jan. 1 Inventory 20 $22 $440 Mar. 4 Purchase 25 21 525 Jun. 9 Purchase 30 20 600 Nov. 11 Purchase 30 18 540 Total 105 $2,105 For the entire year, the company sells 81 units of inventory for $30 each. What is the cost of ending inventory under average cost method? a. $1,623.86 b. $2,430 c. $432 Od. $481.14

Sherman Electric uses a pericdic inventory system. The beginning nventory of a particular product, and the purchases during the curent year, were as follows: $105 = $ 6.300 Beginning inventory Purchase..n Purchase 60 units @ 30 units @ 90 units @ 20 units @ 200 units Jan. 3115- 3125 S135 = 3,450 11,250 2.700 $23.700 Mar. Aug. 11 Oet. 23 Purchase Total available for sale At December 31. the ending inventory of this product consisted of 65 units. Using periodic costing procedures, determine (1) cost of the year-end inventory and. (2) cost of goods sold relating to this product under each of the following flow assumptions: (1) Inventory at Dec. 31 (2) Cast of Goods Sold Average cost First-in. first-out Last-in, first-out