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company had the following purchases during the current year anuary February: 20units at $130 Nay...

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Accounting

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company had the following purchases during the current year anuary February: 20units at $130 Nay September 12 units at $150 November 10 units at $160 0 units at $120 5 units at $140 On December 31, there were 26 units remaining in ending invetryTber January, 4 from February, 6 from May, 4 f identification method, what is the cost of the ending inventory? A. $3,500 B. $3,800 C. $3,960 D. $3,280 These 26 units consisted of 2 from trom September and 10 from November. Using the specific E. $3,640 21. Acme-Jones Corporation uses a weighted-average perpetual inventory system. August 2, 10 units were purchased at $12 per unit August 18, 15 units were purchased at $14 per unit. August 29, 12 units were sold. What was 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 22. A company has inventory of 15 units at a cost of $12 each on August 1. On August 5, they purchased 10 units at $13 per unit. On August 12 they purchased 20 units at $14 per unit. On August 15, they sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 12 after the sale? A. $140 B. $160 C. $210 D. $380 E. $590

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