Based on the following information, determine the cost of the ending inventory using the retail method:

When the buyer pays the freight​ costs, the entry to record the payment under a perpetual inventory system would include a debit to​ _______. Question content area bottom Part 1 A. Freight In B. Inventory C. Purchases Discounts D. Delivery Expense

Identify each item as describing the FIFO method, LIFO method, or average cost method of inventory valuation. A. Involves calculating the total number of units in the warehouse FIFO LIFO Average cost B. To determine cost of goods sold, begin with the earliest goods acquired FIFO LIFO Average cost C. To determine merchandise inventory balance, begin with the earliest goods acquired FIFO LIFO Average cost

Discuss how discounts are recorded in a perpetual inventory system, and compare how discounts are recorded in a periodic inventory system.

Identify four inventory costing methods for assigning cost to ending inventory and cost of goods sold and briefly explain the difference in the methods.

What are the two journal entries involved when recording the sale of inventory when using the perpetual inventory system?

how do I find the amount of inventory under the dollar value using the LIFO method?