Question : 100.A company had inventory November 1 of 5 units at : 1236932

 

100.A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?    

A.$304

B.$296

C.$288

D.$280

E.$276

101.Marquis Company uses a weighted-average perpetual inventory system. 

August 210 units were purchased at $12 per unit.

August 1815 units were purchased at $14 per unit.

August 2912 units were sold.

What is the amount of the cost of goods sold for this sale?    

A.$148.00

B.$150.50

C.$158.40

D.$210.00

E.$330.00

102.Grays Company has inventory of 10 units at a cost of $10 each on August 1. On August 3, it purchased 20 units at $12 each. 12 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 12 units that were sold?    

A.$120.

B.$124.

C.$128.

D.$130.

E.$140.

103.McCarthy Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the FIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 11 units that were sold?   

A.$2,239.

B.$2,255.

C.$2,200.

D.$2,228.

E.$2,215.

104.McCarthy Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the FIFO perpetual inventory method, what is the value of inventory after the October 4 sale?   

A.$3,485.

B.$3,445.

C.$3,500.

D.$3,472.

E.$3,461.

105.Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the LIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 11 units that were sold?   

A.$2,239.

B.$2,255.

C.$2,200.

D.$2,228.

E.$2,215.

11 * $205 = $2,255

106.Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the LIFO perpetual inventory method, what is the value of inventory after the October 4 sale?   

A.$3,485.

B.$3,445.

C.$3,500.

D.$3,472.

E.$3,461.

107.A company’s inventory records report the following: 

August 1Beginning balance15 units @ $12

August 5Purchase10 units @ $13

August 12Purchase20 units @ $14

On August 15, it sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?    

A.$140

B.$160

C.$210

D.$380

E.$590

108.A company’s inventory records report the following in November of the current year: 

BeginningNovember 15 units @ $20

PurchaseNovember 210 units @ $22

PurchaseNovember 66 units @ $25

On November 8, it sold 18 units for $54 each. Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 18 units sold?    

A.$395

B.$410

C.$450

D.$510

E.$520

109.A company’s inventory records report the following in November of the current year: 

BeginningNovember 15 units @ $20

PurchaseNovember 210 @ $22

PurchaseNovember 66 @ $25

On November 8, it sold 18 units for $54 each. Using the LIFO perpetual inventory method, what amount of gross profit was earned from the 18 units sold?  A.$577

B.$452

C.$522

D.$462

E.$562

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more