Determine Huston's Goods AVAILABLE for sale in dollars. QUESTION 8 Determine Huston's ending inventory in dollars using Periodic Average. Round to the nearest dollar. QUESTION 9 Determine Huston's ending inventory in dollars using Periodic LIFO. QUESTION 10 Determine Huston's ending inventory in dollars using Perpetual FIFO. QUESTION 11 Determine Huston's ending inventory in dollars using Perpetual LIFO.

Determine Huston's Goods AVAILABLE for sale in dollars. QUESTION 8 Determine Huston's ending inventory in dollars using Periodic Average. Round to the nearest dollar. QUESTION 9 Determine Huston's ending inventory in dollars using Periodic LIFO. QUESTION 10 Determine Huston's ending inventory in dollars using Perpetual FIFO. QUESTION 11 Determine Huston's ending inventory in dollars using Perpetual LIFO.

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Description: QUESTION /Use the following information to answer the next 5 questions.Huston has a beginning balance in inventory of 400 units at @ $4.20 per unit. A record of transactions for the month of May was as follows:PurchasesSalesMay#CostMay#Sales Price41

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A company has beginning inventory of 300 units at $ 16.75 each; They purchased 400 units at $ 6.51 each on June 2; On June 15, they also purchased 200 units at $ 12.62 each. A physical count of merchandise inventory at the end of the month revealed that 500 units were sold. What is the cost of goods sold using the FIFO inventory method? Round your answer to the nearest dollar.
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