The following information relates to the inventory of ABC Inc. who uses a perpetual inventory system: Date December 4 December 10 December 15 December 20 December 29 Transaction Opening inventory Purchase inventory Sell inventory Purchase inventory Sell inventory # Units 300 100 320 150 100 Unit cost/sales price $15 $18 $27 $20 $30 What is the value of inventory on hand after the December 29 sale if LIFO is used?

Beginning inventory, purchases, and sales for Product XCX are as follows: Sep. 1 Beginning Inventory 22 units @ $12 5 Sale 12 units 17 Purchase 20 units @ $14 30 Sale 15 units Assuming a perpetual inventory system and the last - in, first-out method, determine (a) the cost of the goods sold for the September 30 sale and (b) the inventory on September 30. a) Cost of goods sold Sfill in the blank 1 b) Inventory, September 30 Sfill in the blank 2

Subject: accounting

Perpetual inventory using LIFO and FIFO                                   In the spaces provided below, determine the cost of good sold and ending inventory under                 the FIFO and LIFO method for Kimbrell Corporation which uses a perpetual inventory system.                                   Below is the data for the October:                                   Beginning inventory   120 units @ $39 each             October 2 purchase   100 units @ $41 each             October 8 sale   80 units             October 15 purchase   200 units @ $42 each             October 22 sale   250 units                               FIFO                 Purchases Cost of Goods Sold Inventory Balance Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost…

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Required information [The following information applies to the questions displayed below.] Total Date March 1 March 5 March 9 March 18 March 25 March 29 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Beginning inventory Purchases: March 5 March 18 March 25 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Saved Required: 1. Compute cost of goods available for sale and the number of units available for sale. # of units Cost per Unit Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit 130 units @ $96.00 per unit 390 units Subn