The following data are available for Sellco for the fiscal year ended on January 31, 2020:              Sales 830 units       Beginning inventory 230 units @ $ 4 Purchases, in chronological order 290 units @ $ 5   450 units @ $ 7   250 units @ $ 7   Required:a. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system): (Round unit cost to 2 decimal places.)   b. Assume that net income using the weighted-average cost flow assumption is $15,300. Calculate net income under FIFO and LIFO. (Round unit cost to 2 decimal places.)

During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021: Unit Total Number of Units 20 Date Transaction Cost Cost Jan. 1 Beginning inventory Sep. 8 Purchase $50 68 $1,000 680 10 30 $1,680 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted-average cost method. (Rour weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending inventory Cost of goods sold

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Kimberly Young Company was formed on December 1, 2019. The following information is available from Young's inventory records for Product BAP. January 1, 2020 (beginning inventory) Purchases: January 5, 2020 January 25, 2020 February 16, 2020 March 26, 2020 Units 1,680 3,360 3,640 2,240 1,680 Unit Cost $8 9 10 11 12 A physical inventory on March 31, 2020, shows 4,480 units on hand. Prepare schedule to compute the ending inventory at March 31, 2020, under FIFO inventory method. KIMBERLY YOUNG COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2020 Units $ Unit Cost $ $ Total Cost

The inventory records for Radford Company reflected the following 1,000 units @ $3.60 Beginning inventory on May 1 First purchase on May 7 1,100 units @ $3.80 1,300 units @ $3.90 Second purchase on May 17 Third purchase on May 23 Sale on May 31 900 units @ $4.00 3,300 units @ $5.50 What is the amount of gross margin assuming the weighted average cost flow method is used? (Round your intermediate calculations to 2 decimal places.)

Calculate the cost of goods sold dollar value for A67 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG). Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.   Numberof Units Unit Cost Sales Beginning inventory 900     $50        Purchased 600     52        Sold 400        $100   Sold 350        110   Ending inventory 750           AVG (perpetual) Inventory   Cost of Goods Purchased Cost of Goods Sold Cost of Inventory Remaining   Numberof Units Unit Cost Total Cost Numberof Units Unit Cost Total Cost Numberof Units Unit Cost Total Cost Beginning             fill in the blank 1 fill in the blank 2 fill in the blank 3 Purchase fill in the blank 4 fill in the blank 5 fill in the blank 6       fill in the blank 7 fill in the blank 8 fill in the blank 9 Sale…

FLCL Company had the following transactions for the month:   Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. first-in, first-out (FIFO) last-in, first-out (LIFO) weighted average

You have the following information for Van Gogh Inc. for the month ended October 31, 2025.Van Gogh uses a periodic method for inventory. Date Description Units unit cost Selling price per unit 1-Oct Beginning inventory 60 $24   9-Oct Purchase 120 $26   11-Oct Sale 100   $35 17-Oct Purchase 100 $27   22-Oct Sale 60   $40 25-Oct Purchase 70 $29   29-Oct Sale 110   $40 1. Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profitrate under LIFO.2. Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rateunder FIFO.3. Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rateunder Average-cost (round cost per unit to three decimal places.) Please dont provide solution image based thanku

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You have the following information for Bramble Inc. for the month ended October 31, 2022. Bramble uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 54 $23 Oct. 9 Purchase 132 25 Oct. 11 Sale 108 34 Oct. 17 Purchase 103 26 Oct. 22 Sale 55 39 Oct. 25 Purchase 65 28 Oct. 29 Sale 121 39