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  3. 1). nash's trading post, llc has the following inv

1). Nash's Trading Post, LLC has the following inventory data. July 1 Beginning inventory 6...

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Accounting

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1). Nash's Trading Post, LLC has the following inventory data. July 1 Beginning inventory 6 units at $19 $114 7 Purchases 21 units at $20 420 22 Purchases 3 units at $22 66 I $600 A physical count of merchandise inventory on July 30 reveals that there are 10 units on hand. Using the average cost method, the value of ending inventory is $194 $200 $203 $206. 2). Vaughn Manufacturing had the following inventory transactions occur during 2022 Units Cost/unit Feb. 1, 2022 Purchase 92 $92 Mar. 14, 2022 Purchase 158 $96 May 1, 2022 Purchase 112 $100 The company sold 260 units at $129 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO? $25408 $24632 $8908 $8132

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