Using FIFO, calculate ending inventory if purchases were 100 units @ $10, then 100 units @ $12, and 150 units were sold.What is the value of ending inventory?
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Using FIFO, calculate ending inventory if purchases were 100 units @ $10, then 100 units @ $12, and 150 units were sold.
What is the value of ending inventory?
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- What is the correct ending balance of Inventory under the LIFO method given the following information? Beginning Inventory: 35 units @€17, Purchase 1: 10 units @€22, Purchase 2: 15 units @€35, Ending Inventory: 40 units. Assume that the sale occurs after all inventory purchases. Answer: XCalculate the ending inventory value?Use LIFO to determine the cost of the ending inventory. Assume 35 FitBits in inventory at the end of the year b. was the Cost of Goods Sold (COGS)?
- Please show working and calculations in answers Calculate the value of “Ending Inventory” based on the following information: “Beginning Inventory” = $700 Purchases = $300 Cost of sales = $800 Based on your answer to the previous question, what is the gross profit and gross profit margin if the sales are $1000?If $7,500 was the beginning inventory, purchases were $16,200, and cost of goods sold were $15,300, how much was the ending inventory last accounting period? helpXYZ Company has the following inventory information: Beginning inventory: 100 units at $10 per unit Purchases: 200 units at $12 per unit Sales: 250 units Ending inventory: ? Calculate the ending inventory and cost of goods sold using the FIFO (First-In, First-Out) method.
- If beginning inventory is $200 and purchases are $800,which of the following could be true?a. Ending inventory is $400 and Cost of Goods Sold is$600.b. Ending inventory is $800 and Cost of Goods Sold is$800.c. Ending inventory is $200 and Cost of Goods Sold is$200.d. Ending inventory is $200 and Cost of Goods Sold is$600.1. Compute the cost of the ending inventory under the FIFO method. Round the cost-to-retail ratio to three decimal places and the final answers to the nearest dollar.What's the Solution?
- how do you get $6100 in estimated return inventory?The following information is taken from a company’s records. Costper Unit Market valueper Unit Inventory Item 1 (10 units) $40 $39 Inventory Item 2 (23 units) 20 20 Inventory Item 3 (12 units) 8 10 Applying the lower-of-cost-or-market approach, what is the correct value that should be reported on the balance sheet for the inventory?Ross Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $20; selling price, $30; selling costs, $4. What unit value should Ross use when applying the lower of cost or net realizable value rule to ending inventory?