Required information Use the following information for the Quick Study below. (Algo) (8-10) (The following...
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Accounting
Required information Use the following information for the Quick Study below. (Algo) (8-10) (The following information applies to the questions displayed below) A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 320 units Ending Inventory at January 31 totals 140 units. Units Unit Cost Beginning inventory on January 1 $ 2,70 Purchase on January 70 2.90 Purchase on January 25 3.04 290 100 QS 6-9A (Algo) Periodic: Inventory costing with LIFO LO P3 Assume the periodic Inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. (Round your per unit costs to 2 decimal places.) ! Required information Use the following information for the Quick Study below. (Algo) (8-10) [The following information applies to the questions displayed below) A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 320 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 290 70 100 Unit Cost $ 2.70 2.90 3.04 QS 6-10A (Algo) Periodic: Inventory costing with weighted average LO P3 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round per unit costs to 2 decimal places.) Required information Use the following information for the Quick Study below. (Algo) (15-18) The following information applies to the questions displayed below) Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Monson uses a periodic Inventory system. Also, on December 15, Monson sells 27 units for $20 each. Purchases on December Purchases on December 14 Purchases on December 21 17 units $8.00 cost 34 units $12.00 cost 27 units $14.00 cost QS 6-15A (Algo) Periodic: Inventory costing with FIFO LO P3 Determine the costs assigned to ending Inventory when costs are assigned based on the FIFO method. Required information Use the following information for the Quick Study below. (Algo) (15-18) The following information applies to the questions displayed below! Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a periodic Inventory system. Also, on December 15, Monson sells 27 units for $20 each Purchases on December Purchases on December 14 Purchases on December 21 17 units $11.00 cost 34 units $12.00 cost 27 units $14.00 cost QS 6-16A (Algo) Periodic: Inventory costing with LIFO LO P3 Determine the costs assigned to ending inventory when costs are assigned based on the UFO method





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