Given the following:     Number purchased Cost per unit Total January 1 inventory 41 $ 5   $ 205 April 1 61   8     488 June 1 51   9     459 November 1 56   10     560   209       $ 1,712     a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 62 units).   b. Calculate the cost of goods sold using the LIFO (ending inventory shows 62 units).

Using the LIFO​ method, calculate the cost of ending inventory and cost of goods sold for Cambell Corporation.

Gary & Company uses a perpetual inventory system. The following information is available for November: Nov. 1 4 7 10 Sale Inventory Purchase Purchase 12 Sale Units 60 120 120 (60) (130) Purchase Sales Price Price $5 $5.50 $9 $10 $10

Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Carden Corporation Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold The cost of ending inventory is The cost of goods sold is Unit Quantity Cost 70 130 200 50 $ 150 S Total $3.00 $210 $7.00 $910

answer in text form please (without image)

Use the last-in, first-out (LIFO) cost allocation method, with perpetual inventory updating, tocalculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for A75 Company, considering thefollowing transactions.                                                                     Number of units         unit cost Beginning inventory                                           105                           $40 Purchased March 2                                             150                             42 Sold march 21. 31 for 75 dollars spent                88

Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for last-in, first-out (LIFO). Beginning inventory Sold Purchased Sold Purchased Sold Ending inventory Beginning Sale Purchase Sale Purchase Sale Number of Units Unit Cost Sales 260 160 520 400 410 370 260 Number of Units 520 $130 400 133 140 Cost of Goods Purchased Unit Cost $170 Total Purchases 172 204 133 140 Total Cost 69,160 56,000 LIFO (perpetual) Inventory Cost of Goods Sold Number of Units 160 400 370 Unit Cost Total COGS $ 130 133 Total Cost Number of Units Cost of Inventory Remaining Unit Cost Total Cost 100000

Whispering Winds Corp. reports the following for the month of June.         Units   Unit Cost   Total Cost June 1   Inventory   300   $4   $1,200       12   Purchase   600   $9   $5400       23   Purchase   450   $10   $4500       30   Inventory   150                   Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost   ?  Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 1,250.) The ending inventory   ?  The cost of goods sold   ?  Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is (higher or lower) than FIFO $?  and (higher or lower) than LIFO $?   In contrast, cost of goods sold is                                                            (higher or lower) than FIFO $?    and (higher or lower) than LIFO $?

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost 170 units @ $9.50 = $1,615 Units sold at Retail Jan. 1 Beginning inventory Jan. 10 Sales 130 units @ $18.50 Jan. 20 Purchase 120 units @ $8.50 = 1,020 Jan. 25 Sales 130 units @ $18.50 Jan. 30 Purchase 240 units @ $8.00 =1,920 Totals 530 units $4,555 260 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 270 units, where 240 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Exercise 5-3 Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2 Determine the cost assigned to…

Refer to the data in attached image. 1.Using the perpetual inventory system, compute the cost of ending inventory, cost of goods sold, and gross margin. Use the average-cost, FIFO, and LIFO inventory costing methods. (Round unit costs to the nearest cent.) 2.Explain the reasons for the differences in gross mar-gin produced by the three methods.