Activities January 5 Beginning inventory Purchase A company's Inventory records show the following data for the month of January. Date January 1 Units Sold at Retail Units Acquired at Cost 190 units @ $9 = $1,710 180 units @ $10 = $1,800 January 9 Sale January 14 Purchase January 20 January 30 Sale Purchase 310 units @ $35 160 units @ $35 If the company uses the LIFO perpetual Inventory system, what would be the cost of the ending Inventory? 210 units @ $11 = $2,310 240 units @ $12 = $2,880 Goods purchased Cost of Goods Sold Inventory Balance Date Number of Cost per units unit Number of units sold Cost per Cost of Goods unit Sold Number of units Cost per unit Inventory Balance January 1 190 at $9.00 = $ 1,710.00 180 at $ 10.00 at $ 9.00 = January 5 at $ 10.00 = Total January 5 310 at $ 9.00 = January 9 Total January 9 210 at $ 11.00 January 14 Total January 14 January 20 Total January 20 240 at $9.00 = at $ 11.00 = at 荷荷 at $ 9.00 = $11.00 =
Activities January 5 Beginning inventory Purchase A company's Inventory records show the following data for the month of January. Date January 1 Units Sold at Retail Units Acquired at Cost 190 units @ $9 = $1,710 180 units @ $10 = $1,800 January 9 Sale January 14 Purchase January 20 January 30 Sale Purchase 310 units @ $35 160 units @ $35 If the company uses the LIFO perpetual Inventory system, what would be the cost of the ending Inventory? 210 units @ $11 = $2,310 240 units @ $12 = $2,880 Goods purchased Cost of Goods Sold Inventory Balance Date Number of Cost per units unit Number of units sold Cost per Cost of Goods unit Sold Number of units Cost per unit Inventory Balance January 1 190 at $9.00 = $ 1,710.00 180 at $ 10.00 at $ 9.00 = January 5 at $ 10.00 = Total January 5 310 at $ 9.00 = January 9 Total January 9 210 at $ 11.00 January 14 Total January 14 January 20 Total January 20 240 at $9.00 = at $ 11.00 = at 荷荷 at $ 9.00 = $11.00 =
Chapter10: Inventory
Section: Chapter Questions
Problem 10EA: Calculate the cost of goods sold dollar value for A67 Company for the month, considering the...
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Question
help please
A company's inventory records show the following data for the month of January.
Date | Activities | Units Acquired at Cost | Units Sold at Retail |
---|---|---|---|
January 1 | Beginning inventory | 190 units @ $9 = $1,710 | |
January 5 | Purchase | 180 units @ $10 = $1,800 | |
January 9 | Sale | 310 units @ $35 | |
January 14 | Purchase | 210 units @ $11 = $2,310 | |
January 20 | Sale | 160 units @ $35 | |
January 30 | Purchase | 240 units @ $12 = $2,880 |
If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?

Transcribed Image Text:Activities
January 5
Beginning inventory
Purchase
A company's Inventory records show the following data for the month of January.
Date
January 1
Units Sold at Retail
Units Acquired at Cost
190 units @ $9 = $1,710
180 units @ $10 = $1,800
January 9
Sale
January 14
Purchase
January 20
January 30
Sale
Purchase
310 units @ $35
160 units @ $35
If the company uses the LIFO perpetual Inventory system, what would be the cost of the ending Inventory?
210 units @ $11 = $2,310
240 units @ $12 = $2,880
Goods purchased
Cost of Goods Sold
Inventory Balance
Date
Number of Cost per
units
unit
Number
of units
sold
Cost per Cost of Goods
unit
Sold
Number of
units
Cost per
unit
Inventory
Balance
January 1
190 at $9.00 =
$ 1,710.00
180 at $ 10.00
at
$ 9.00 =
January 5
at
$ 10.00 =
Total January 5
310
at
$ 9.00 =
January 9
Total January 9
210 at
$ 11.00
January 14
Total January 14
January 20
Total January 20
240
at $9.00 =
at $ 11.00 =
at
荷荷
at
$ 9.00 =
$11.00 =
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