You have the following information for Marigold Corp. for the month ended October 31, 2022. Marigold uses a periodic method for inventory. Unit Cost or Selling Price Date Description Beginning inventory Units Oct. 1 55 $26 Oct. 9 Purchase 140 28 Oct. 11 Sale 100 45 Oct. 17 Purchase 100 29 Oct. 22 Sale 55 50 Oct. 25 Purchase 65 31 Oct. 29 Sale 110 50

To determine the cost of ending inventory using the LIFO​ method:       A. the average cost of the inventory is used.   B. the beginning inventory and earliest purchase costs are used.   C. the specific unit cost of the inventory is used.   D. the latest purchase costs are used.     thanks

Prepare Natura Company's journal entries to record the following transactions involving its short-term investments in held-to-maturity debt securities, all of which occurred during the current year. a. On June 15, paid $180,000 cash to purchase Remed's 90-day short-term debt securities ($180,000 principal), dated June 15, that pay 7% interest. b. On September 16, received a check from Remed in payment of the principal and 90 days' interest on the debt securities purchased in transaction a. Note: Use 360 days in a year. Do not round your intermediate calculations. View transaction list Journal entry worksheet < 1 2 On June 15, paid $180,000 cash to purchase Remed's 90-day short-term debt securities ($180,000 principal), dated June 15, that pay 7% interest. Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal

Under the weighted average cost, when a unit is sold, the average cost of each unit in inventory is assigned to cost of goods sold. True O False

Acceptable methods of assigning specific costs to inventory and cost of goods sold include all of the following except: Multiple Choice LIFO method. FIFO method. Specific identification method. Weighted average method. Retail method.

How do you calculate desired ending inventory and estimated beginning inventory?

Calculate the value of ending inventory and cost of goods sold

How do i calculate ending inventory and cost of goods sold using LIFO?

Please help me

You have the following information for Wildhorse Gems. Wildhorse uses the periodic system of accounting for its inventory transactions. Wildhorse only carries one brand and size of diamonds-all are identical. Each batch of diamonds purchased is carefully coded and marked with its purchase cost. March 1 March 31 March 5: March 10- March 25 Beginning inventory 150 diamonds at a cost of $320 per diamond. Purchased 200 diamonds at a cost of $360 each. Sold 180 diamonds for $630 each. Purchased 350 diamonds at a cost of $385 each. Sold 395 diamonds for $680 each.