Question 3 Not complete Inventory Costing Methods-Perpetual Method Archer Company is a retailer that uses the perpetual inventory system. August 1 Beginning inventory 230 units of Product A @ $3,100 total cost 250 5 Purchased 8 Purchased 11 Sold units of Product A @ $3,616 total cost 350 units of Product A @ $5,916 total cost 300 units of Product A Calculate the inventory cost of item A on August 11(after the sale) using Do not round until your final answers. Round your final answers to the A. First-in, first-out Ending Inventory $ Last-in, first-out Ending Inventory $ B. C. Weighted-average Ending Inventory $ Check 0 0 0 ہے 4

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 67APSA: Inventory Costing Methods Andersons Department Store has the following data for inventory,...
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Calculate the inventory cost of item A on August 11(after the sale) using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until final answers. Round your final answers to the nearest dollar.
←
Topic: Discussion Question
BusinessCourse
Question
3 Not complete
B.
https://mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=67997
C. Weighted-average
mbe
X
Ending Inventory $
Check
Inventory Costing Methods-Perpetual Method
Archer Company is a retailer that uses the perpetual inventory system.
Ch 6 Exercises
August 1 Beginning inventory 230 units of Product A @ $3,100 total cost
5 Purchased
$3,616 total cost
Purchased
250 units of Product A @
350 units of Product A @
300 units of Product A
$5,916 total cost
8
11 Sold
Previous
Marked out of 3.33
Calculate the inventory cost of item A on August 11(after the sale) using (a) f
Do not round until your final answers. Round your final answers to the near
A.
First-in, first-out
Ending Inventory $
Last-in, first-out
Ending Inventory $
0
mbc
X
0
Return to course
0
P Flag question
Save Answers
Transcribed Image Text:← Topic: Discussion Question BusinessCourse Question 3 Not complete B. https://mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=67997 C. Weighted-average mbe X Ending Inventory $ Check Inventory Costing Methods-Perpetual Method Archer Company is a retailer that uses the perpetual inventory system. Ch 6 Exercises August 1 Beginning inventory 230 units of Product A @ $3,100 total cost 5 Purchased $3,616 total cost Purchased 250 units of Product A @ 350 units of Product A @ 300 units of Product A $5,916 total cost 8 11 Sold Previous Marked out of 3.33 Calculate the inventory cost of item A on August 11(after the sale) using (a) f Do not round until your final answers. Round your final answers to the near A. First-in, first-out Ending Inventory $ Last-in, first-out Ending Inventory $ 0 mbc X 0 Return to course 0 P Flag question Save Answers
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