Teat Mountain uses a periodic inventory system in April, 600 units were sold and the following additional information is available 4 Unit Cost $15.00 20.00 24.00 April 1 inventory April 15 purchase April 23 purchase April 30 inventory Units April cost of goods sold 250 400 350 1.000 Total Cost $3,750 8,000 8,400 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 2 decimal places, eg 15.25 and final answer to 0 decimal places, eg. 5,125) $20,150 8060 12090

Teal Mountain Inc. uses a periodic inventory system and reports the following for the month of June. Date   Explanation   Units   Unit Cost   Total Cost June 1   Inventory   130   $5   $ 650 12   Purchases   370   6   2,220 23   Purchases   200   7   1,400 30   Inventory   240             Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost   $enter a weighted-average unit cost in dollars    eTextbook and Media         Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.)     FIFO   LIFO   Average-cost The cost of the ending inventory   $enter a dollar amount    $enter a dollar amount    $enter a dollar amount  The cost of goods sold   $enter a dollar amount    $enter a dollar amount    $enter a dollar amount

Calculate the cost of goods sold dollar value for A65 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for first-in, first-out (FIFO).   Number of units Unit cost  Sales Beginning inventory 800 $ 50   purchased  600    52   Sold  400   $ 80 Sold 350      90 Ending inventory  650         Use this chart:  FIFO (perpetual) Inventory   Cost of Goods Purchased   Cost of Goods Sold   Cost of Inventory Remaining   Number of Units Unit Cost Total Cost   Number of Units Unit Cost Total Cost   Number of Units Unit Cost Total Cost Beginning                                               Purchase                                                                       Sale…

The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 20 units @ $32 $640 June 16 Purchase 30 units @ $34 1,020 Nov. 28 Purchase 41 units @ $35 1,435     91 units   $3,095 There are 11 units of the product in the physical inventory at November 30. The periodic inventory system is used. Determine the difference in gross profit between the LIFO and FIFO inventory cost systems. Enter the answer as a positive number. FIFO Cost of Goods Sold $fill in the blank 1 LIFO Cost of Goods Sold $fill in the blank 2 Difference fill in the blank 3

The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 24 units @ $32 $768 June 16 Purchase 30 units @ $35 1,050 Nov. 28 Purchase 38 units @ $39 1,482 92 units $3,300 There are 15 units of the product in the physical inventory at November 30. The periodic inventory system is used. a. Determine the inventory cost by the FIFO method. b. Determine the inventory cost by the LIFO method. c. Determine the inventory cost by the average cost methods. Round answer to two decimal places. %24 %24 %24

Jesters company uses a periodic inventory system and reports the following for the month of June  DATE        EXPLAINATION     UNITS    UNIT COST     TOTAL COST June 1       Inventory                  120                $5                  $600 12              Purchase                  370               $6                   $2220 23              Purchase                  200                $7                  $1400 30.             Inventory.                  230   How do the average-cost values for ending inventory and cost of goods sold relate to ending inventory and cost of goods sold for FIFO and LIFO?   Explain why the average cost is not $6

Sunland Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 200 $5.00 Purchases: September 8 900 6.00 September 18 900 7.00 A physical inventory on September 30 shows 520 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system. Ending inventory $ Cost of goods sold $ +A

weighted average

Shellhammer Company's inventory records show the following data for the month of September: Inventory, September 1 100 Purchases: September 8 Units September 18 350 Ending inventory 450 Cost of goods sold Unit Cost $3.34 3.50 A physical inventory on September 30 shows 200 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses FIFO inventory costing and a periodic inventory system. 3.70