S ning inventory hases A. $1,750 B. $2,040 C. $1,600 320 units 290 units at $5 per unit 88 units at $10 per unit

ces aw 11 Given the following: F1 January 1 inventory April 1 June 1 November 1 Cost of ending inventory 5_1442....jpg Cost of goods sold a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 68 units). (@ F2 Number purchased 47 67 57 62 233 #3 b. Calculate the cost of goods sold using the LIFO (ending inventory shows 68 units). 80 F3 Cost per unit $5 8 $ 4 10 900 000 F4 15 Total $ % 235 536 513 620 $1,904 FS 4 8

BRADY-LOMBARDI TROPHY COMPANY: Inventory Records for Year 20X1 Date Beg Inventory Purchases: Oct 01, 20X1 Oct 05, 20X1 Oct 10, 20X1 Oct 15, 20X1 Oct 20, 20X1 Total Inventory Total Sold Retail Price Cost of Goods Available for Sale (COGAFS) # units Cost/Unit O c. $40,000 O d. $34,400 O e. $78,100 100 $ 200 $ 100 $ 150 $ 90 $ 220 $ 900 580units sold $500per unit 100 110 120 130 150 160 S COGAFS 10,000 $ 22,000 $ 12,000 $ 19,500 $ 13,800 $ 35,200 $ 112,500 Applying the Weighted Average (WA) Method to cost Inventory: Calculate Ending Inventory ROUND ANSWERS TO NEAREST $ (if applicable) a. $72,500 O b. $112,500.

Please given answer

8

Given correct answer

Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 10. Item Inventory Quantity JFW1 SAW9 X 69 131 Cost per Unit $50 26 Market Value per Unit (Net Realizable Value) $45 30

None

Problem 1 - Inventory Methods Magic Jelly Beans Company Operating information              Sales Price per case  $      150.00           Unit   Unit   Extended      Quantity   $   Price         Cost   $$$                 Beginning Inventory             2,000    $           90.00    $       180,000.00               Purchased  Units             7,000    $         110.00    $       770,000.00 Sold 2,000                      Sold 4,000                      Purchased  Units          10,000    $         130.00    $   1,300,000.00 Purchased  Units             4,000    $         135.00    $       540,000.00 Sold 6,000                      Sold                                    Units 5,000                                    Fixed Selling General and Administrative costs      $   75,000.00 Income Tax rate 35%         Requirement:  Calculate the Cost Flow assumptions for Revenue, Cost of Goods Sold, SGA  Income Tax, Net Income and Ending Inventory…

5