Charley's, a local dairy store, maintains milk inventory by the gallon. Charley's uses the periodic inventory system. The November milk purchases and sales at its Chazy, NY, location are below (Charley's starts November with zero inventory): November 2: Purchased 7 gallons at $2.00 each. November 6: Purchased 7 gallons at $2.30 each. November 8: Sold 4 gallons of milk to customers. November 13: Purchased 3 gallons at $2.80 each. November 14: Sold 4 gallons of milk to customers. Determine the cost of goods available for sale for November? Group of answer choices a. $7.10 b. $38.50 c. $22.20 d. $0 Charley's, a local dairy store, maintains milk inventory by the gallon. Charley's uses the periodic inventory system. The November milk purchases and sales at its Chazy, NY, location are below (Charley's starts November with zero inventory): November 2: Purchased 7 gallons at $2.00 each. November 6: Purchased 7 gallons at $2.30 each. November 8: Sold 4 gallons of milk to customers. November 13: Purchased 3 gallons at $2.80 each. November 14: Sold 4 gallons of milk to customers. Determine the cost of goods sold for November under the FIFO method? Group of answer choices a. $38.50 b. 11.50 c. $19.90 d. $16.30 Charley's, a local dairy store, maintains milk inventory by the gallon. Charley's uses the periodic inventory system. The November milk purchases and sales at its Chazy, NY, location are below (Charley's starts November with zero inventory): November 2: Purchased 7 gallons at $2.00 each. November 6: Purchased 7 gallons at $2.30 each. November 8: Sold 4 gallons of milk to customers. November 13: Purchased 3 gallons at $2.80 each. November 14: Sold 4 gallons of milk to customers. Determine the cost of goods sold for November under the LIFO method? Group of answer choices a. $38.50 b. $11.50 c. $19.90 d. $16.30 Charley's, a local dairy store, maintains milk inventory by the gallon. Charley's uses the periodic inventory system. The November milk purchases and sales at its Chazy, NY, location are below (Charley's starts November with zero inventory): November 2: Purchased 7 gallons at $2.00 each. November 6: Purchased 7 gallons at $2.30 each. November 8: Sold 4 gallons of milk to customers. November 13: Purchased 3 gallons at $2.80 each. November 14: Sold 4 gallons of milk to customers. Determine the cost per gallon under the weighted average method? Group of answer choices a.$7.10 b. $2.37 c. $12.83 d. $2.26 please provide the correct answer. Explain the answer
Charley's, a local dairy store, maintains milk inventory by the gallon. Charley's uses the periodic inventory system.
The November milk purchases and sales at its Chazy, NY, location are below (Charley's starts November with zero inventory):
November 2: Purchased 7 gallons at $2.00 each.
November 6: Purchased 7 gallons at $2.30 each.
November 8: Sold 4 gallons of milk to customers.
November 13: Purchased 3 gallons at $2.80 each.
November 14: Sold 4 gallons of milk to customers.
Determine the cost of goods available for sale for November?
Charley's, a local dairy store, maintains milk inventory by the gallon. Charley's uses the periodic inventory system.
The November milk purchases and sales at its Chazy, NY, location are below (Charley's starts November with zero inventory):
November 2: Purchased 7 gallons at $2.00 each.
November 6: Purchased 7 gallons at $2.30 each.
November 8: Sold 4 gallons of milk to customers.
November 13: Purchased 3 gallons at $2.80 each.
November 14: Sold 4 gallons of milk to customers.
Determine the cost of goods sold for November under the FIFO method?
Charley's, a local dairy store, maintains milk inventory by the gallon. Charley's uses the periodic inventory system.
The November milk purchases and sales at its Chazy, NY, location are below (Charley's starts November with zero inventory):
November 2: Purchased 7 gallons at $2.00 each.
November 6: Purchased 7 gallons at $2.30 each.
November 8: Sold 4 gallons of milk to customers.
November 13: Purchased 3 gallons at $2.80 each.
November 14: Sold 4 gallons of milk to customers.
Determine the cost of goods sold for November under the LIFO method?
Charley's, a local dairy store, maintains milk inventory by the gallon. Charley's uses the periodic inventory system.
The November milk purchases and sales at its Chazy, NY, location are below (Charley's starts November with zero inventory):
November 2: Purchased 7 gallons at $2.00 each.
November 6: Purchased 7 gallons at $2.30 each.
November 8: Sold 4 gallons of milk to customers.
November 13: Purchased 3 gallons at $2.80 each.
November 14: Sold 4 gallons of milk to customers.
Determine the cost per gallon under the weighted average method?
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