MOHS RCES Attempts: 3 of 3 used (d) Inventory Calculations Keaton Accessories 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: tudy Quantity Unit Cost Total Cost 180 $40 $7,200 Beginning Inventory (Jan. 1) 90 45 4,050 Purchase (Jan. 9) 46 4,140 Purchase (Jan. 21) 06 360 $15,390 Total On January 24, Keaton sold 200 units of this product. The other 160 units remain in inventory at January 31. i.) Determine the cost of goods sold using each of the following flow assumptions: LIFO FIFO Average Cost $4 ii.) Determine the cost of the 160 units in inventory at January 31 using each of the following flow assumptions: LIFO FIFO Average Cost Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER (e) Ratio Analysis The parts of this question must be completed in order. This part will be..available when you complete the part above. re to search %24 %24 694 %24 624
MOHS RCES Attempts: 3 of 3 used (d) Inventory Calculations Keaton Accessories 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: tudy Quantity Unit Cost Total Cost 180 $40 $7,200 Beginning Inventory (Jan. 1) 90 45 4,050 Purchase (Jan. 9) 46 4,140 Purchase (Jan. 21) 06 360 $15,390 Total On January 24, Keaton sold 200 units of this product. The other 160 units remain in inventory at January 31. i.) Determine the cost of goods sold using each of the following flow assumptions: LIFO FIFO Average Cost $4 ii.) Determine the cost of the 160 units in inventory at January 31 using each of the following flow assumptions: LIFO FIFO Average Cost Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER (e) Ratio Analysis The parts of this question must be completed in order. This part will be..available when you complete the part above. re to search %24 %24 694 %24 624
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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