HELLO, PLEASE ANSWER THE FOLLOWING QUESTION. IT WAS ASSIGNED WITH 2 PARTS. THANKS 42A) A company...

HELLO, PLEASE ANSWER THE FOLLOWING QUESTION. IT WAS ASSIGNED WITH 2 PARTS. THANKS

42A) A company uses the periodic inventory system and had the following activity during the current monthly period.


November 1:	Beginning inventory	112 Units @ $20
November 5:	Purchased	112 Units @ $22
November 8:	Purchased	62 Units @ $23
November 16:	Sold	174 Units @ $105
November 19:	Purchased	75 Units @ $25

Using the weighted-average inventory method, the company's ending inventory would be

42B. A company had the following purchases and sales during its first year of operations:

	Purchases	Sales
January:	14 units at $140	10 units
February:	24 units at $145	7 units
May:	19 units at $150	11 units
September:	16 units at $155	10 units
November:	14 units at $160	16 units

On December 31, there were 33 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

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Expert Solution

ekkarill92 answered 1 year ago

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