Dunbar sold 700 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimals)
A) $1,711.
B) $1,700.
C) $1,720.
D) $1,708.
Answer: $1,711.
Dunbar sold 700 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimals)
A) $502.
B) $490.
C) $489.
D) $480.
Answer: $489.
Dunbar sold 700 units of inventory during the month. Cost of goods sold assuming LIFO would be:
A) $1,730.
B) $1,700.
C) $1,720.
D) $1,710.
Answer: $1,720.
Dunbar sold 700 units of inventory during the month. Ending inventory assuming FIFO would be:
A) $500.
B) $490.
C) $470.
D) $480.
Answer: $500.
Marvin sold 2,300 units of inventory during the month. Ending inventory assuming LIFO would be:
A) $5,040.
B) $5,055.
C) $5,075.
D) $5,135.
Answer: $5,040.
Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming LIFO would be:
A) $16,800.
B) $16,760.
C) $16,540.
D) $16,660.
Answer: $16,760.
