Inventory information for Part 311 of Concord Corp. discloses the following information for the month of June. June 1   Balance   301 units @ $15   June 10   Sold   203 units @ $37 11   Purchased   797 units @ $18   15   Sold   497 units @ $38 20   Purchased   497 units @ $20   27   Sold   298 units @ $41           Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO.     (1)LIFO   (2)FIFO Cost of Goods Sold   $     $   Ending Inventory   $     $       LINK TO TEXT       Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the value of the ending inventory at LIFO? The ending inventory at LIFO   $       LINK TO TEXT       Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if the inventory is valued at FIFO? Gross Profit (FIFO)   $       Click if you would like to Show Work for this question: Open Show Work

company's inventory records show the following data for the month of July. Date July 1 July 5 July 10 July 20 July 25 July 1 Date Activities Beginning inventory Purchase Sale Purchase Sale July 5 Average cost July 5 July 10 July 20 200 units @ $50 If the company uses the weighted average method and the perpetual inventory system, what would be the cost of its ending inventory? Average cost July 20 July 25 Total July 25 Goods purchased Number of Cost per units unit 50 at $ 75.00 Units Acquired at Cost Units Sold at Retail 100 units @ $72 = $7,200 50 units @ $75 = $3,750 225 at $ 77.00 225 units @ $77 = $17,325 Number of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit 75 at $ 50.00 = 200 at $ 50.00 $ 75 units @ $50 $ $ 3,750.00 10,000.00 10,000.00 Number of units 100 at Inventory Balance 100 at 50 at 150 at Cost per unit Inventory Balance 7,200.00 7,200.00 3,750.00 10,950.00 $ 175 at $ $ $ 75 at 150 at 225 at $ 375 at $ 50.00 = $ +73.00 = 77.00 = 75.40 75.00 = 55 72.00 = $…

Beginning inventory, purchases, and sales of a commodity are presented below:               Inventory:    July  1 15 units at $55             Sold               July  6  10 units at $57             Purchased    July  9  30 units at $60             Sold               July 12  30 units at $58             Purchased    July 18  50 units at $65             Sold               July 22  40 units at $59         Assuming that the perpetual inventory system is used, determine the Total Cost of the Merchandise Sold and the Total Cost of the Ending Inventory using a) FIFO b) LIFO c) Weighted Average

Determine the ending inventory using the periodic inventory system and the weighted average cost method (rounded to the nearest cent), assuming that 18 units were sold at a price of $14. Date Item Units Cost Total June 1 Beginning inventory 6 $5 $30 June 12 Purchase 10 6 60 June 18 Purchase 8 7 56   Totals 24 — $146

Sagar

Inventory information for Part 311 of Blossom Corp. discloses the following information for the month of June. June   1   Balance   302 units @ $17   June 10   Sold   200 units @ $40 11   Purchased   795 units @ $20   15   Sold   496 units @ $42 20   Purchased   498 units @ $22   27   Sold   299 units @ $45 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO.

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Date June 1 June 15 June 29 Activities Beginning inventory Sale Purchase The cost of the ending inventory is: Units Acquired at Cost 15 units @ $29 = $435 8 units @ $34 = $272 Units Sold at Retail 6 units @ $59

FAD Company uses a periodic inventory system and its inventory records for the period contain the following information: Beginning inventory (165 units @ $68/unit) Purchases (240 units @ $68/unit) Ending inventory (215 units @ $68/unit) What is the amount of cost of goods available for sale? 7 Multiple Choice O O O. $27,540 $42,160 $12,920 $30,940

The accounting records of Concord Corporation show the following data. 2,820 units at $7 Beginning inventory Purchases 8,120 units at $9 Sales 9,838 units at $12 Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost per unit $4 SHOW LIST OF ACCOUNTS LINK TO TEXT Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Average-cost Cost of goods sold $ $1

Monty Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: Date June 1 (a) 12 15 16 23 Explanation Beginning inventory Purchases Sale Purchases Purchases 27 Sales Cost of goods sold $ Units Cost of ending inventory $ 1,600 2,400 (2,640 ) 4,680 1,520 (5,940 ) Unit Cost/Price FIFO $4 5 12 675 15 Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) Average cost. (Do not round intermediate calculations. Round cost of goods sold answers to O decimla places, e.g. 125 and average cost answers to 2 decimal 1.25.) $ Total Cost $6,400 $ 12,000 28,080 10,640 Average