Neighborly Industries has the following inventory information.July 1Beginning Inventory 30 units at RM120180 units at RM112|120 units5Purchases14Sale21 Purchases90 units at RM11530 Sale84 unitsAssuming that a periodic inventory system is used, what is the amount allocated to ending inventory on aFIFO basis?O A. RMI1,022O B. RM23,088O C. RM23,118O D. RM10,992

Name: Neighborly Industries has the following inventory information.July 1B
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Description: Neighborly Industries has the following inventory information.July 1Beginning Inventory 30 units at RM120180 units at RM112|120 units5Purchases14Sale21 Purchases90 units at RM11530 Sale84 unitsAssuming that a periodic inventory system is used, what

July Particulars Units Cost per unit in RM 1 Beginning inventory 30 120 5 Purchases 180 112 14…

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Neighborly Industries has the following inventory information. July 1Beginning Inventory 30 units at RM120 5Purchases |180 units at RMI12 120 units 90 units at RM115 14Sale 21Purchases 30 Sale 84 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis? O A. RMI1,022 O B. RM23,088 OC. RM23,118 D. RM10,992

Neighborly Industries has the following inventory information. July 1Beginning Inventory 30 units at RM120 5Purchases |180 units at RMI12 120 units 90 units at RM115 14Sale 21Purchases 30 Sale 84 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis? O A. RMI1,022 O B. RM23,088 OC. RM23,118 D. RM10,992

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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Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jan. 1 Inventory 92 units @ $18 8. Sale 74 units 15 Purchase 102 units @ $21 27 Sale 86 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Jan. 27 and (b) the inventory on Jan. 31. a. Cost of goods sold on Jan. 27 b. Inventory on Jan. 31
Aa 134.
Subject: accounting
A. First In, First Out Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold .. ... B. Last In, First Out Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold ... ... C. Weighted Average Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold ... ...
A2
please assist
Determine the ending inventory amount by applying the lower of cost or market value to a. Each inventory item of inventoryb. Total inventory The following data refer to Froning Company’s ending inventoryItem Code, Quantity, Unit Cost, Unit MarketLXC 60 $45 $48KMT 210 $38 $34MOR 300 $22 $20NES 100 $27 $32