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rubab3414

rubab3414

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Rubab Khan

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Science1Algebra3Accounting1
Answer: Parts per thousand (ppt) or percentage (%).Step-by-step explanation:Ba...
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Answer: d = 96Step-by-step explanation:d + 2 = 98d = 98 -2 d = 96
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Answer: (0,4) and (2,7) are the solution set ordered pairs and (-7,-2) and (1,...
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Answer: x = 5Step-by-step explanation:3x + 7 = 223x = 22 - 73x = 15x = 15/3x =...
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Perpetual: Inventory costing with FIFO

A company reports the following beginning inventory and twopurchases for the month of January. On January 26, the companysells 360 units. Ending inventory at January 31 totals 130units.

Units

Unit Cost

Beginning inventory on January 1

320

$

3.10

Purchase on January 9

70

3.30

Purchase on January 25

100

3.40


Required:
Assume the perpetual inventory system is used and then determinethe costs assigned to ending inventory when costs are assignedbased on the FIFO method.












A company reports the following beginning inventory and twopurchases for the month of January. On January 26, the companysells 320 units. Ending inventory at January 31 totals 140units.

Units

Unit Cost

Beginning inventory on January 1

290

$

2.70

Purchase on January 9

70

2.90

Purchase on January 25

100

3.04


Required:
Assume the perpetual inventory system is used. Determine the costsassigned to ending inventory when costs are assigned based onLIFO.

Answer: For FIFO, $439 is the cost of ending inventory.For LIFO, $378 is the c...
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