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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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ekkarill92 answered 1 year ago
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