The purchases by Nizwa Book Store are given below. If the shop sells 70 books, find the value of ending inventory using average cost method. Purchases No of books purchased Cost/Unit January 1 30 3 March 3 50 2 April 7 20 4   a. 100 RO b. 189 RO c. 81 RO d. 90 RO

please help me

PLEASE HELP! Michael uses its periodic inventory system and the following information is available: Sales $ 62,800 Beginning Inventory 10,100 Ending Inventory 8,200 Purchases 49,800 What is the cost of goods sold?     $51,700   $8,200   $59,900   $49,800

You have the following information for Sheridan Inc. for the month ended October 31, 2025. Sheridan uses a periodic system for inventory. Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Description Beginning inventory Purchase Sale Purchase Sale Purchase Oct. 29 Sale eTextbook and Media Ending inventory Cost of goods sold Gross profit Units $ 65 Weighted-average cost per unit $ $ 130 $ 95 e Textbook and Media 95 1. LIFO. 2. FIFO. 3. Average-cost. (Round answers to O decimal places, e.g. 125.) 65 75 105 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Calculate ending inventory, cost of goods sold, and gross profit under each of the following methods. Unit Cost or Selling Price $22 LIFO 24 $ 45 $ 25 50 27 50 FIFO $ $ AVERAGE-COST

Beginning inventory, purchases, and sales data for prepaid cell phones for May are as  follows:Inventory                                 Purchases                                SalesMay 1 1,550 units at $44      May 10 720 units at $45 May      12 1,200 units                                             20 1,200 units at $48                    14 830 units                                                                                                  31 1,000 unitsa. Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4.b. Based upon the preceding data, would you expect the inventory to be higher or lower using the first-in, first-out method? Exhibit 4 is attached

Subject - account  Please help me.  Thankyou.

Please help me.  Thankyou.

esc Honest Tea, Inc. is a merchandiser. Use the following information to its Inventory balance on its December 31 year-end balance sheet. Note: All purchases of inventory are on account. Cost of Goods Sold during the year January 1 Inventory Sales during the year December 31 Accounts Receivable Purchases of Inventory on Account during the year December 31 Inventory = $. 1 Q A N Click Save and Submit to save and submit. Click Save All Answers to save all answers. 2 W S Ma # 3 E D x 'I X $34,000 $ 4 10,000 77,000 24,000 35,000 C с R % or op F 5 T MacBook Pro V < 6 G Y & 7 H B * 00 つ 8 J N O Save All Answe O 0 K M

Chocolate Inc. uses a perpetual inventory system and uses the FIFO cost flow assumption. Calculate the cost of goods sold for the sale made on Mar. 20.Mar 1 Beginning Inventory 3@$12=$36Mar 15 Purchase 17@$15=$255Mar 20 Sale 12 units x $50 eachA. $600B. $171C. $180D. $220

Using the perpetual inventory system, journalize the entries for the following selected transactions: Sold merchandise on account, for $12,000, terms n/30. The cost of the merchandise sold was $6,500. Sold merchandise to customers who used MasterCard and VISA, $9,500. The cost of the merchandise sold was $5,300. Sold merchandise to customers who used American Express, $2,900. The cost of the merchandise sold was $1,700. Paid an invoice from First National Bank for $385, representing a service fee for processing MasterCard and VISA sales. (a) (b) (c) (d) (e) Paid a $75 processing fee associated with sales made to customers who used American Express.