Inventory records for Marvin Company revealed the following: Transaction Date Mar. 1 Beginning inventory Mar.10 Purchase Mar.16 Purchase Mar.23 Purchase Number of Units 1,040 510 374 500 Unit Cost $7.21 7.71 8.31 9.01 Marvin sold 1,800 units of inventory during the month. Ending inventory assuming Fl your answer to the nearest dollar amount.)
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- Refer to the information for Morgan Inc. above. If Morgan uses a perpetual inventory system, what is the cost of ending inventory under FIFO at April 30? a. $32,500 b. $38,400 c. $63,600 d. $69,500Beginning inventory, purchases, and sales for Item Zebra 9x are as follows: Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on April 27 and (b) the inventory on April 30.ventory records for Marvin Company... Inventory records for Marvin Company revealed the following: Mar. 1 Beginning inventory Cont 1,090 $7.14 Mar.10 Purchase 500 7.27 Mar.16 Purchase 850 7.40 Mar.23 Purchase 510 7.68 Marvin sold 2,000 units of inventory during the month. Cost of goods sold assuming calculations and round your final answer to nearest dollar amount. Round weight Multiple Choice $14.280
- Inventory records for Marvin Company revealed the following: Number Unit Date Transaction of Units Cost Mar. 1 Beginning inventory 1,010 $7.24 Mar.10 Purchase 520 7.74 Mar.16 Purchase 463 8.34 Mar. 23 Purchase 540 9.04 Marvin sold 1,860 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $6,722. $1,439.Inventory records for Marvin Company revealed the following: Date Transaction Numberof Units UnitCost Mar. 1 Beginning inventory 940 $ 7.22 Mar. 10 Purchase 550 7.72 Mar. 16 Purchase 356 8.32 Mar. 23 Purchase 510 9.02 Marvin sold 1,740 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1,132. $5,013. $6,787. $5,482.Inventory records for Dunbar Incorporated revealed the following: Date Transaction Numberof Units UnitCost Apr. 1 Beginning inventory 460 $ 2.18 Apr. 20 Purchase 340 2.69 Dunbar sold 630 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1,003. $457. $371. $915.
- Inventory records for Dunbar Incorporated revealed the following: Number Unit Date Transaction of Units Cost Apr. 1 Beginning inventory 500 $2.32 Apr. 20 Purchase 320 2.55 Dunbar sold 690 units of inventory during the month. Cost of goods sold assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1,674. $1,601. 吕口 F3 F2 F4 F5 F6 F7 F8 F9 F10 FII @ 23 2$ & * 2 4 5 6 7 8 9 %3D { W E R Y P S F G H. J K > C V N M olt B DIInventory records for Dunbar Incorporated revealed the following: Number of Units Unit Date Apr. 1 Beginning inventory Apr. 20 Purchase Transaction Cost $2.10 430 420 2.70 Dunbar sold 590 units of inventory during the month. Ending inventory assuming LIFO would be: (De not round your intermediate calculations. Round your answer to the nearest dollar amount) Mtiple Choice S702. $546 $1134. $903Inventory records for Marvin Company revealed the following: Date Transaction Numberof Units UnitCost Mar. 1 Beginning inventory 940 $ 7.10 Mar. 10 Purchase 510 7.55 Mar. 16 Purchase 730 8.04 Mar. 23 Purchase 570 8.44 Marvin sold 1,870 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $13,351. $15,783. $14,957. $13,901.
- laun OPI=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab_tab dexternal_browser%3U From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2020. Ending merchandise inventory was $5,300 for the year. Cash Prepaid rent Prepaid insurance Office equipment (net) $ 7,300 2,250 5,300 6,300 Accounts payable Salaries payable Note payable (long term) P. Bach, capital* $ 2,450 2,250 9,300 12,450 *What the owner supplies to the business. Replaces common stock and retained earnings section. BACH CRAWLERS Balance Sheet December 31, 2020 Assets Liabilities Current assets: Current liabilities: Total current assets Total current liabilities Long-term liabilities: Total liabilities Plant and equipment: Owner's Equity 回可可 acerInventory records for Dunbar Incorporated revealed the following: Number Unit Date Transaction of Units Cost Apr. 1 Beginning inventory 450 $2.19 Apr. 20 Purchase 350 2.65 Dunbar sold 640 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermedia calculations. Round your answer to the nearest dollar amount.) Multiple Choice $424. $350. g88 FA II F8 4) FI F6 F2 F5 F7 F9 F10- @ # 2$ & 2 3 4 6 7 8 W E T Y U S D F G H K C V В N MInventory records for Eliza Company revealed the following: Number of Date Transaction Units Unit Cost March 1 Beginning Inventory 980 $ 7.26 March 10 Purchase 560 7.76 March 16 March 23 Purchase Purchase 451 8.36 580 9.06 Eliza sold 1,850 units of inventory during the month. Ending inventory assuming FIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice O C C $9,240 $1,489 $5,709 $7,115