Rocha & Noel Inc. had cost of goods sold of $123,200 for the current year ended December 31. The finished goods inventory on January 1 was $30,800, and the finished goods inventory on December 31 was $18,700. What was the amount of cost of goods manufactured for the year? Group of answer choices $129,000 $111,100 $67,000 $113,000

The following information pertains to Julia & Company: March 1 Beginning inventory = 26 units @ $5.40 March 3 Purchased 17 units @ 4.20 March 9 Sold 26 units @ 8.30 What is the cost of goods sold for Julia & Company assuming it uses LIFO?

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Last year, the following inventories at cost were taken at the Smoke Shop: $7,260 $6,834 $6,726 $7,308The cost of goods sold was $30,800.a) Find the average inventory at cost. Show work.b) Find the turnover at cost. Keep one decimal only. Show work.c) Can you find the average inventory at selling price? Yes? No? Why?

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6. Required information Skip to question   [The following information applies to the questions displayed below.]Ferris Company began January with 4,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows:    Purchases Date of Purchase Units   Unit Cost* Total Cost Jan. 10 3,000   $ 9     $ 27,000   Jan. 18 4,000     10       40,000   Totals 7,000             67,000     * Includes purchase price and cost of freight.    Sales Date of Sale Units   Jan. 5 2,000   Jan. 12 1,000   Jan. 20 3,000   Total 6,000      5,000 units were on hand at the end of the month.   5. Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system. (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.)

The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations: Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased Required A During the year, The Shirt Shop sold 810 T-shirts for $20 each. Required a. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. 400 units 200 units 280 units 90 units Complete this question by entering your answers in the tabs below. Required B Ending inventory @ @ FIFO $8 = $3,200 $10 = 2,000 $13 = 3,640 $15 = 1,350 Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. (Round intermediate calculations to 2 decimal places and final answers to nearest whole dollar…

3. Required information Skip to question   [The following information applies to the questions displayed below.]Ferris Company began January with 4,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows:    Purchases Date of Purchase Units   Unit Cost* Total Cost Jan. 10 3,000   $ 9     $ 27,000   Jan. 18 4,000     10       40,000   Totals 7,000             67,000     * Includes purchase price and cost of freight.    Sales Date of Sale Units   Jan. 5 2,000   Jan. 12 1,000   Jan. 20 3,000   Total 6,000      5,000 units were on hand at the end of the month.

5. Required information Skip to question   [The following information applies to the questions displayed below.]Ferris Company began January with 4,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows:    Purchases Date of Purchase Units   Unit Cost* Total Cost Jan. 10 3,000   $ 9     $ 27,000   Jan. 18 4,000     10       40,000   Totals 7,000             67,000     * Includes purchase price and cost of freight.    Sales Date of Sale Units   Jan. 5 2,000   Jan. 12 1,000   Jan. 20 3,000   Total 6,000      5,000 units were on hand at the end of the month.

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