Question: 23 A company has one unit of each of the following items in its ending inventory: Item Cost Market A $ 300 $ 320 B $ 350 $ 360 C $ 280 $260 If the lower-of-cost-or-market method is applied to the individual items in the above inventory, its cost is: (a) $960 (b) $930 (c) $910 (d) $940
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- Calculate the cost of goods sold dollar value for B74 Company for the sale on November 20, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average (AVG).( Appendix 6B) Inventory Costing Methods: Periodic Average Cost Refer to the information for Filimonov Inc. (p. 337) and assume that the company uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the average cost method. ( Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar.)Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for B76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG).
- ( Appendix 6B) Inventory Costing Methods: Periodic Inventory Systems. Refer to the information for Tyler Company in Brief Exercise 6-35 and assume that the company uses the periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO, LIFO, and average cost methods. ( Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest whole dollar.)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).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 first-in, first-out (FIFO).
- Please given answerGiven correct answerA company has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product Market per Cost per Product Quantity Unit Unit Product A 10 $ 712 $ 682 Product B 15 $ 512 $ 552 Product C 20 $ 662 $ 687 Multiple Choice $1,921. $27,740. $1,886. O $28,040. ว $28,840.
- I need helpTB MC Qu. 05-131 (Algo) A company has the following products... A company has the following products in its ending Inventory. Compute lower of cost or market for inventory applied separately to each product Cost per Market per Unit Unit $ 726 $ 696 $ 526 $ 566 $ 676 $ 701 Product Quantity 10 15 20 Product A Product B Product CQuestion: 23 A company has one unit of each of the following items in its ending inventory: Item Cost Market A $ 300 $ 320 B $ 350 $ 360 C $ 280 $ 260 If the lower-of-cost-or-market method is applied to the individual items in the above inventory, its cost is: (a) $960 (b) $930 (c) $910 (d) $940