QUESTION 33 Refer to the Table you have downloaded. The cost of the ending inventory...
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Accounting
QUESTION 33
Refer to the Table you have downloaded. The cost of the ending inventory using the LIFO method is
A.
15,900
B.
11,300
C.
13,100
D.
13,930
QUESTION 34
Refer to the Table you jhave downloaded. The cost of the ending inventory using the FIFO method is
A.
15,900
B.
11,300
C.
13,100
D.
13,930
QUESTION 35
Using the Table you have downloaded: The cost of goods available for sale is
A.
$69,650
B.
$100,000
C.
$30,350
D.
$169,650
Unit Cost 0.50 Total Cost 3,500 The Harper entity showed inventory as follows: Units Beginning Inventory 7,000 Purchases April 30,000 45,000 June 18,000 Totals 100,000 May 0.60 0.75 0.80 18,000 33,750 14,400 69,650 The ending inventory consists of 20,000 units. 3,000 of the ending inventory units are from the beginning inventory, 10,000 are from the April purchase, and 7,000 are from the June purchase
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