Inventory records for Marvin Company revealed the following:   Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory   940   $ 7.10   Mar. 10 Purchase   510     7.55   Mar. 16 Purchase   730     8.04   Mar. 23 Purchase   570     8.44     Marvin sold 1,870 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations.

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On the basis of the following data, what is the estimated cost of the inventory on May 31 using the retail method?     Cost   Retail May 1 Inventory $22,670   $37,790 May 1-31 Purchases 41,000   78,140 May 1-31 Sales     94,860 Do not round intermediate calculations. Round your final answer to the nearest whole dollar. a.$31,190 b.$11,270 c.$22,842 d.$11,572

RJ Corporation has provided the following information about one of its inventory items: Date 1/1 6/6 9/10 11/15 Transaction Beginning Inventory Purchase Purchase Purchase During the year, RJ sold 3,160 units. Multiple Choice $12,277,352. Number of Cost per Units 440 840 $12,406,400. 1,240 840 What was cost of goods sold using the average cost flow assumption? Note: Do not round intermediate calculations. Unit $3,240 $3,640 $4,040 $4,240

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The inventory data for an item for November are: Nov. 1   Inventory 19 units at $24 4   Sold 8 units 10   Purchased 34 units at $21 17   Sold 15 units 30   Purchased 24 units at $24 Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? a.$540 b.$507 c.$771 d.$1,206