What is the amount of the inventory at the end of the year using the LIFO method?

The following lots of a particular commodity were available for sale during the year: Beginning inventory 5 units at $61 First purchase 15 units at $63 Second purchase 10 units at $74 Third purchase 10 units at $77 The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the amount of cost of merchandise sold for the year according to the FIFO method? Oa. $1,510 Ob. $1,380 Oc. $1,250 Od. $1,375

The following lots of a particular commodity were available for sale during the year: Beginning inventory 10 units at $60 First purchase 25 units at $65 Second purchase 30 units at $68 Third purchase 15 units at $75 The firm uses the periodic system, and there are 25 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year using the LIFO method? Oa. $1,575 Ob. $3,815 Oc. $1,685 Od. $1,805

The following lots of a particular commodity were available for sale during the year Beginning inventory 11 units at $48.00 First purchase 17 units at $50.00 Second purchase 25 units at $56.00 Third purchase 15 units at $64.00 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the FIFO method? Select the correct answer. $1,408.00 $3,738.00 $1,104.00 $3,715.00

The following lots of Commodity Z were available for sale during the year. Beginning inventory 12 units at $50 First purchase 16 units at $54 Second purchase 23 units at $58 Third purchase 15 units at $64 The firm uses the periodic system, and there are 21 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the FIFO method?

The following lots of a particular commodity were available for sale during the year: Beginning inventory 5 units at $61 First purchase 15 units at $63 Second purchase 10 units at $74 Third purchase 10 units at $77 The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the amount of cost of merchandise sold for the year according to the average cost method? Oa. )a. $1,250 Ob. $1,375 Oc. $1,510 Od. $1,380

The following lots of a particular commodity were available for sale during the year Beginning inventory               7 units at $52.00 First purchase                        19 units at $53.00 Second purchase                   51 units at $58.00 Third purchase                       13 units at $57.00 The firm uses the periodic system, and there are 24 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the LIFO method? A. $5,070.00 B. $1,248.00 C. $1,265.00 D. $1,379.00

The following lots of Commodity Z were available for sale during the year. Beginning inventory 10 units at $48 First purchase 19 units at $51 Second purchase 55 units at $55 Third purchase 17 units at $62 The firm uses the periodic system, and there are 27 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? Oa. $1,347 Ob. $1,604 Oc. 51,296 Od. $5,528

The following lots of Commodity Z were available for sale during the year. Use this information to answer the question. Beginning inventory   10 units at $30 First purchase   25 units at $32 Second purchase   30 units at $34 Third purchase   10 units at $35 The firm uses the periodic system. There are 20 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year rounded to nearest dollar according to the average cost method?

The following lots of commodity z were available during the year. Use this information to answer the questions that follow. Beginning Inventory   10 units at $30 First Purchase              25 units at $32  Second Purchase        30 units at $34 Third Purchase             10 units at $35 The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method?