1. How much is the ending inventory in terms of quantity? a. 621 c. 695 b. 471 d. 74 2. How much is the Cost of Goods Sold under weighted average method? a. 3,995 c. 37,525 b. 33,530 d. 3,959 3. How much is the ending inventory FIFO method? a. 33,680 c. 33,677 b. 33,050 d. 33,530 The Pine Shop shows the following data relating to an inventory item:Quantity125Inventory, January 1Purchase, January 9Sale, January 10Purchase, January 19Sale, January 10Purchase, January 31325539521150Price52536054

FIFO Method :— Under this method, beginning inventory and old purchases is used for output or sales…

Answered: . How much is the ending inventory in…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...

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1. How much is the ending inventory in terms of quantity?

a. 621 c. 695
b. 471 d. 74

2. How much is the Cost of Goods Sold under weighted average method?

a. 3,995 c. 37,525
b. 33,530 d. 3,959

3. How much is the ending inventory FIFO method?

a. 33,680 c. 33,677
b. 33,050 d. 33,530

The Pine Shop shows the following data relating to an inventory item:
Quantity
125
Inventory, January 1
Purchase, January 9
Sale, January 10
Purchase, January 19
Sale, January 10
Purchase, January 31
325
53
95
21
150
Price
52
53
60
54

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