80.2K

Verified Solution

Link Copied!

Rally Wheels Company had the following balances and transactions during 2018 Beginning Merchandise Inventory as of January 1, 2018 March 10 150 573 June 10 Sold 50 units Purchased 450 units 577 October 30 Sold 150 units What would the company's ending merchandw entory cost on December 31, 2018 inventory system and the last stout entory cong method we ? the perpetual O A $45.600 OB. $30,400 OC. $34,650 OD $15.200 29. Cougar Company had the following balances and transactions during 2010 Beginning Merchandise Inventory March 10 June 10 October 30 150 units at $80 Sold 50 units Purchased 300 units at $82 Sold 140 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 20 the perpetual Inventory system and the weighted - average inventory costing method are used? (Round the ur costs to two decimal places and total costs to the nearest dollar) O A. $21,190 O B. $11,410 OC. $32,600 OD. $15,410 30. Ralwins Company had the following balances and transactions during 2018, from January 1 to December Beginning Merchandise Inventory March 10 June 10 October 30 200 units at $83 Sold 100 units Purchased 600 units at $86 Sold 300 units What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 201 perpetual inventory system and the weighted average inventory costing method are used? (Roundu two decimal places and total costs to nearest dollar.) O A. $34,228 B. $24,900 C. $8,300 D. $16,600

Answer & Explanation Solved by verified expert

See Answer