Jammer Company uses a weighted average perpetual inventory system and reports the following: Units Sold at Retail Date August 2 August 18 August 29 August 31 Activities Purchase Purchase Sales Purchase Multiple Choice O 14 units@ $16 = $224 What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent. $12.00 $13.80 $15.42 Units Acquired at Cost 10 units@ $12= $120 15 units @ $15 $225 $16.00 = 20 units sold 2

Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory Oct. 7 Sale 72 units @ $19 51 units Oct. 15 Purchase 61 units @ $22 29 units Oct. 24 Sale Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 b. Inventory on October 31

Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows: Inventory   Purchases   Sales   Dec. 1 2,500 units at $31 Dec. 10 1,250 units at $33 Dec. 12 1,750 units     Dec. 20 1,125 units at $35 Dec. 14 1,500 units         Dec. 31 750 units a.  Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods SoldLIFO MethodPrepaid Cell Phones Date QuantityPurchased PurchasesUnit Cost PurchasesTotal Cost QuantitySold Cost ofGoods SoldUnit Cost Cost ofGoods SoldTotal Cost InventoryQuantity…

Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for prepaid cell phones for May are as follows: Inventory Purchases May 10 May 1 2,900 units at $37 1,450 units at $39 1,305 units at $41 Sales May 12 14 2,030 units 1,740 units 20 31 870 units a. Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Prepaid Cell Phones Cost of Merchandise Sold Purchases Purchases Quantity Quantity Unit Cost Inventory Inventory Inventory Quantity Unit Cost Total Cost Unit Cost Total Cost Sold Date Purchased May 1 BE May 10 May 12 May…