LTU LTU W O twp LTU New New G LTU LTU New t CCIX b b mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=D3391136&cmid=211861&scrollpos=2900#q5 BusinessCourse Return to course E My Subscriptions Jordan Henry Inventory Costing Methods-Perpetual Method The following information is for the Vista Company; the company sells just one product: Units Unit Cost Beginning Inventory Jan. 1 200 $10 Purchases: Feb. 11 500 14 May 18 400 17 Oct. 23 100 18 Sales: March 1 400 July 1 380 Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory $. 7,240 Cost of goods sold $ B. Last-in, first-out: Ending Inventory Cost of goods sold $ C. Weighted Average Ending Inventory $ Cost of goods sold $ 10,360 5,080 x 12,520 x 6,160 x 11,440 x 8:06 AM O Type here to search 3/25/2020 FUJITSU

LTU LTU W O twp LTU New New G LTU LTU New t CCIX b b mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=D3391136&cmid=211861&scrollpos=2900#q5 BusinessCourse Return to course E My Subscriptions Jordan Henry Inventory Costing Methods-Perpetual Method The following information is for the Vista Company; the company sells just one product: Units Unit Cost Beginning Inventory Jan. 1 200 $10 Purchases: Feb. 11 500 14 May 18 400 17 Oct. 23 100 18 Sales: March 1 400 July 1 380 Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory $. 7,240 Cost of goods sold $ B. Last-in, first-out: Ending Inventory Cost of goods sold $ C. Weighted Average Ending Inventory $ Cost of goods sold $ 10,360 5,080 x 12,520 x 6,160 x 11,440 x 8:06 AM O Type here to search 3/25/2020 FUJITSU

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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