homework 5

homework 5 - (33%) QS 5-1: Inventory costing...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Question 1: Score 1/1 Your response Correct response QS 5-1: Inventory costing methods—perpetual system L.O. P1 A company reports the following beginning inventory and purchases for the the company sells 360 units. What is the cost of the 155 units that remain assuming costs are assigned based on a perpetual inventory system and weighted average? (Do not round unit costs. Round your answers to ne the "$" sign in your response.) Units Unit Cost Beginning inventory on January 1 320 $ Purchase on January 9 85 Purchase on January 25 110 FIFO $ 1014 (33%) LIFO $ 930 (33%) Weighted average $ 960
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: (33%) QS 5-1: Inventory costing methodsperpetual system L.O. P1 A company reports the following beginning inventory and purchases for the the company sells 360 units. What is the cost of the 155 units that remain assuming costs are assigned based on a perpetual inventory system and weighted average? (Do not round unit costs. Round your answers to ne the "$" sign in your response.) Units Unit Cost Beginning inventory on January 1 320 $ Purchase on January 9 85 Purchase on January 25 110 FIFO $ 1014 LIFO $ 930 Weighted average $ 960...
View Full Document

Page1 / 2

homework 5 - (33%) QS 5-1: Inventory costing...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online