The following information relates to inventory for Happy Eddie Incorporated: Transaction Quantity Cost 20 15 20 Date March 1 Beginning Inventory March 7 Purchase March 12 Purchase $2 $3 $4 A physical count revealed 30 units remained on hand at March 31. At what amount would Happy Eddie report its ending inventory using LIFO cost flow assumption? $170 $55 $110 $70

Current Attempt in Progress Blue Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit Cost Total Cost Balance in Units Aug. 2 Purchases 249 $69 $17,181 249 3 Purchases 506 96 48.576 755 10 Sales (275 ) 480 15 Purchases 926 121 112,046 1,406 25 Sales (311 ) 1,095 (a) Calculate the cost of goods sold and ending inventory using the FIFO cost method. Cost of goods sold $ Ending inventory $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Calculate dollar value of ending inventory assuming company follows perpetual LIFO inventory system, from the following information: July 01 Beginning inventory 75 units @ $25 each July 04 Purchase July 09 Sale July 16 Purchase July 24 Sale 348 units @ $27 each 300 units 257 units @ $28 each 275 units a. $2,705 b. $2,852 c. $2,940 d. $2,685 с.

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Calculate the average unit cost for the inventory table shown below. Units Cost per Total purchased 43 22 18 26 Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory 109 81 28 unit $840 $1,750 cost $36,120 $38,500 (Round to the nearest cent as needed.) Retail price per unit $975 $2,105 $975 $17,550 $1,996 $470 $12,220 $590 $104,390 Total retail value $41,925 $46,310 $35,928 $15,340 $139,503 ***

Hess Company's inventory records show the following data for the month of September:       Units   Unit Cost   Inventory, September 1   100     $3.00     Purchases: September 8   450     3.50       September 18   300     3.70     A physical inventory on September 30 shows 150 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   $enter a value of ending inventory in dollars    Cost of goods sold   $enter a cost of goods sold in dollars

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Below is the Inventory purchases of Carrigan Corrugated Company. Beginning balance January 1st purchase January 8th purchase January 17th purchase January 27th purchase January 31st purchase Units Cost per Unit 173 $ 1.25 257 $ 1.15 300 $ 0.95 287 $ 1.10 164 $ 1.30 139 $ 1.35 At the end of January, a physical inventory revealed that 1,205 units were sold and the remainder were left as ending inventory. Calculate the Cost of Goods Sold and the ending Inventory balance using the FIFO method. (round all answers using two (2) decimal places)

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Inventory data for Bramble Company are reported as follows. Date June 1 12 23 30 Explanation Units Inventory Purchase Purchase Inventory 200 600 350 130 Unit Cost Calculate cost of goods available for sale. $7 8 9 Total Cost $1,400 4,800 3,150 Assume a sale of 650 units occurred on June 15 for a selling price of $