June 4 June 11 June 18 June 25 Units Received A. $2.30 C. $2.26 2889 70 30 60 40 Unit Cost You sell 100 units in $2.00 June. Calculate the cost of goods sold using last-in, first-out. $3.00 $2.10 $2.40 B. $2.22 D. $2.10

June 4 June 11 June 18 June 25 Units Received A. $2.30 C. $2.26 2889 70 30 60 40 Unit Cost You sell 100 units in $2.00 June. Calculate the cost of goods sold using last-in, first-out. $3.00 $2.10 $2.40 B. $2.22 D. $2.10

Name: June 4June 11June 18June 25UnitsReceived70A. $2.30C. $2.2630LESSON 6-
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Description: June 4June 11June 18June 25UnitsReceived70A. $2.30C. $2.2630LESSON 6-8Accessibility: Investigate6040UnitCostYou sell 100 units in$2.00 June. Calculate the costof goods sold usinglast-in, first-out.$3.00$2.10$2.40B. $2.22Copyright © 2003-2022 Interna

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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55 pcs 125 pcs 100 pcs Given: 60 cans inventory for 3 months A. Find the cost of goods sold for 60 units that left in FIFO? Find the cost of goods sold for 60 units that left in LIFO? C. Find the cost of goods sold for 60 units using average cost? B. January February March $50 $55 $75
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Question 8 0.5 points Save Answer Jlo uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: Beginning Inventory (Jan.1) 16 units @ $11 each 14 units @ $18 each Purchase Jan. 11 Purchase Jan. 20 23 units @ $22 each On January 24, the company sold 25 units of this product. The other 28 units remained in inventory at January 31. Assuming average cost flow, the total value of ending inventory at January 31 is: Round ONLY your final answer to the nearest dollar. GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING $ SIGN Moving to another question will save this response. <
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%24 %24 CDOOK Cost Flow Methods The following three identical units of Item JC07 are purchased during April: Item Beta Units Cost April 2 Purchase 1 $317 April 15 Purchase 1 318 April 20 Purchase 1 319 Total $954 Average cost per unit $318 ($954 3 units) Assume that one unit is sold on April 27 for $439. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method. Gross Profit Ending Inventory a. First-in, first-out (FIFO) %$4 $4 b. Last-in, first-out (LIFO) c. Weighted average cost
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220 units at $50 each answer only last two subparts with proper formulas thanks
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