Oriole Company had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022...
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Oriole Company had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 121 $50 Mar. 14.2022 Purchase 208 $53 May 1, 2022 Purchase 148 $55 The company sold 343 units at $71 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross prohtusing FIFO? O $6509 O $17844 O $5878 O $18475 At May 1, 2022. Vaughn Manufacturing had beginning inventory consisting of 310 units with a unit cost of $7. During May, the company purchased inventory as follows: - 610 units at $7 - 920 units at $8 The company sold 1530 units during the month for $12 per unit Vaughn Manufacturing uses the average cost method. The value of Vaughn Manufacturing's inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, e.g. 12.52.) O $2480 O $2170 O $2325. O $13800
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