Sheridan Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 487 units that cost $64 each. During the month, the company made two purchases: 720 units at $67 each and 361 units at $69 each. Sheridan Company also sold 1206 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month? O $81149. O $77184. O $80235. O $79341.

ZARA uses a First-In-First-Out (FIFO) perpetual inventory system and has the following purchases and sales: February 10 February 16 50 units were purchased at $42 per unit. 75 units were purchased at $40 per unit. What is the cost per unit sold assuming that 22 units were sold on February 29? | I

Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows:       Quantity Unit Cost Total Cost Beginning inventory (Jan. 1)   20   $ 11   $ 220   Purchase (Jan. 11)   12   $ 17     204   Purchase (Jan. 20)   23   $ 19     437   Total   55         $ 861         On January 14, Beech Soda, Inc. sold 25 units of this product. The other 30 units remained in inventory at January 31.   Assuming that Beech Soda uses the FIFO cost flow assumption, the 30 units of this product in inventory at January 31 have a total cost of:

[The following information applies to the questions displayed below.] A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 420 units. Ending inventory at January 31 totals 170 units. Units Unit Cost 380 $ 3.70 Beginning inventory on January 1 Purchase on January 9 90 3.90 Purchase on January 25 120 4.00 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Perpetual FIFO: Cost of Goods Sold Goods purchased In Date # of units Cost per unit Cost per Cost of Goods unit Sold January 1 January 9 Total January 9 January 25 Total January 25 January 26 Total January 26 # of units sold # of units

Morgenstern Ltd. has the following units and costs for the month of April. Beginning inventory, April 1, 1,000 units at $20 (Cost) Purchase 1, April 9, 1,200 units at $23 (cost) Sold, April 12, 2,100 units at $40 (Retail) Purchase 2, April 22, 800 units at $25 (Cost) If Morgenstern uses a perpetual inventory system, what is the cost of ending inventory under FIFO at April 30? a.$18,000 b.$22,300 c.$45,300 d.$49,600

A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 310 units. Ending inventory at January 31 totals 130 units.    Units Unit Cost Beginning inventory on January 1 280 $ 2.60   Purchase on January 9 60   2.80   Purchase on January 25 100   2.94     Required:Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO.

Beginning inventory consist of 800 units at P200 each. Purchases made for the period: January 18 for 700 units at P210 each and another on January 31 for 500 units at P220 each. Sales were also made during the period; 500 unist were sold on January 8, and 800 units were sold on January 22. The company uses the FIFO method of inventory costing. 1. How much is the cost of goods purchased on January 18? 2. How much is the total cost of purchases during the period? 3.

The beginning inventory was 490 units at a cost of $8 per unit. Goods available for sale during the year were 1, 870 units at a total cost of $16,930. In May, 790 units were purchased at a total cost of $7,110. The only other purchase transaction occurred during October. Ending inventory was 835 units. Required: Calculate the number of units purchased in October and the cost per unit purchased in October. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using FIFO method. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using LIFO method.

Vaughn Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Per Units Unit Price Total Balance, 1/1/20 170 $5.00 $850 Purchase, 1/15/20 130 5.10 663 Purchase, 1/28/20 130 5.40 702 12 An end of the month (1/31/20) inventory showed that 240 units were on hand. If the company uses FIFO, what is the value of the ending inventory?

In its first month of operations, Bramble Corp. made three purchases of merchandise in the following sequence: (1) 240 units at $4, (2) 340 units at $6, and (3) 440 units at $7. Assuming there are 140 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Bramble Corp. uses a periodic inventory system. FIFO LIFO The Ending Inventory $Enter a dollar amount $Enter a dollar amount