Please answer the 2 following questions: 90) Inventory records for Dunbar Incorporated revealed the following:DateApr. 1 Beginning InventoryApr. 20 Purchase489Transaction502490480Number ofUnits500400Dunbar sold 700 units of inventory during the month. Ending inventoryassuming weighted-average cost would be: (Round weighted-averageunit cost to 4 decimals)Unit Cost$ 2.402.50 88) Inventory records for Dunbar Incorporated revealed the following:Date TransactionApr. 1 Beginning InventoryApr. 20 PurchaseO 470O 490480Number ofUnitsO 500500400Dunbar sold 700 units of inventory during the month. Ending inventoryassuming LIFO would be:Unit Cost$2.402.50

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Description: Please answer the 2 following questions: 90) Inventory records for Dunbar Incorporated revealed the following:DateApr. 1 Beginning InventoryApr. 20 Purchase489Transaction502490480Number ofUnits500400Dunbar sold 700 units of inventory during the month

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90) Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Beginning Inventory Apr. 20 Purchase Number of Units 500 400 Unit Cost $ 2.40 2.50

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 4PEA: Beginning inventory, purchases, and sales for 30xT are as follows: Assuming a perpetual inventory...

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