The following is a record of Blossom Company’s transactions for the month of May 2022. May 1   Balance 320 units @ $20   May 10   Sale 240 units @ $38   12   Purchase 480 units @ $25     20   Sale 430 units @ $38 (a)     Compute the ending inventory under the perpetual system using FIFO.     FIFO Ending inventory   $ 3250 (b)     Compute the ending inventory under the perpetual system using LIFO.     LIFO Ending inventory   $

Subject: accounting

You have the following information for Bramble Inc. for the month ended June 30, 2022. Bramble uses a periodic inventory system. Date   Description   Quantity   Unit Cost orSelling Price June   1   Beginning inventory   40     $31   June   4   Purchase   135     34   June   10   Sale   110     61   June   11   Sale return   15     61   June   18   Purchase   55     37   June   18   Purchase return   10     37   June   25   Sale   65     67   June   28   Purchase   35     41

Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 25 units @ $12 5 Sale 12 units 17 Purchase 28 units @ $15 30 Sale 18 units Assuming a perpetual inventory system and the last-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30. $

Suppose that Pharoah has the following inventory data: July 1 Beginning inventory 25 units at $5.00 5 Purchases 101 units at $5.50 14 Sale 67 units 21 Purchases 50 units at $6.00 30 Sale 47 units Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July? O $650.50 ○ $980.50 O $330.00 O $485.00

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Date June 1 June 15 June 29 Activities Beginning inventory Sale Purchase The cost of the ending inventory is: Units Acquired at Cost 15 units @ $29 = $435 8 units @ $34 = $272 Units Sold at Retail 6 units @ $59

What is the per unit value of ending inventory on August 31?  Answers should be rounded to the nearest cent. Multiple Choice A) $18.00 B)$17.42 C)$19.63 D)$14.00 E)$15.80

please assist

The following data are available for Sellco for the fiscal yoar ended on January 31, 2017: Sales Beginning inventory Purchases, in chronological order 840 units 210 units 300 units 410 units 56 190 units Required: a. Calcuiate cost of goods sold and ending inventory under the cost fow assumptions, FIFO, LIFO and Weighted average (using a periodie inventory syslenk (Round unit oost ls2 Cost of Goods Scld Ending Inventory FIFO LIFO Weighted average 6. Assume hat net ancome using the weighted-average cost flow assumption is $12.300 Calculate net inceme under FIFO and LIFG (Round unit coafzcnplaE Net Income FIFO

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