Multiple Choice $362,500. $370,000. $367,500. $360,000.
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- Tenace Corporation uses a perpetualinventory system and has provided the following information about one of their laptop computers: Date Transaction Number of Units Cost per Unit 1/1 Beginning inventory 100 $800 5/5 Purchase 200 $900 8/10 Purchase 300 $1,000 10/15 Purchase 200 $1,050 During the year, 275 laptop computers were sold on 5/8 and 475 laptops were sold on 10/20. What was cost of goods sold using the LIFOcost flow assumption? Group of answer choices A)$717,500 B)$730,000 C)$703,125 D)$725,500 e)None of the aboveLauer Corporation has provided the following information about one of its laptop computers: Number Date Transaction of Units Cost per Unit 1/1 Beginning Inventory 210 910 5/5 Purchase 310 $4 1,010 8/10 Purchase 410 $4 1,110 10/15 Purchase 255 $4 1,160 During the year, Lauer sold 1,025 laptop computers. What was ending inventory using the FIFO cost flow assumption? Multiple Cholce $145,600. $165,600. $185,100. $185,600.ver Corporation has provided the following Information about one of Its laptop computers: Number of Unita te /1 Beginning Inventory Coet per Unit 2$ Transaction 150 850 15 Purchase 250 950 $ 1,050 1,100 10 Purchase 350 15 Purchase 225 g the year, Lauer sold 875 laptop computers. was ending inventory using the FIFO cost flow assumption? ultiple Choice $85,000. $109,500. $110,000. $105,000. <. MacBook Air EGO
- Tenace Corporation uses a perpetualinventory system and has provided the following information about one of their laptop computers: Date Transaction Number of Units Cost per Unit 1/1 Beginning inventory 100 $800 5/5 Purchase 200 $900 8/10 Purchase 300 $1,000 10/15 Purchase 200 $1,050 During the year, 250 laptop computers were sold on 8/15 and 500 laptops were sold on 10/31. What was ending inventory using the FIFOcost flow assumption? Group of answer choices A)$60,000 B)$52,500 c)$52,000 D)$40,000 E)None of the aboveTenace Corporation uses a periodicinventory system and has provided the following information about one of their laptop computers: Date Transaction Number of Units Cost per Unit 1/1 Beginning inventory 100 $800 5/5 Purchase 200 $900 8/10 Purchase 300 $1,000 10/15 Purchase 200 $1,050 During the year, 275 laptop computers were sold on 5/8 and 475 laptops were sold on 10/20. What was cost of goods sold using the LIFOcost flow assumption? Group of answer choices A)$717,500 b)$730,000 C)$703,125 D)$725,500 E)None of the aboveTenace Corporation uses a periodicinventory system and has provided the following information about one of their laptop computers: Date Transaction Number of Units Cost per Unit 1/1 Beginning inventory 100 $800 5/5 Purchase 200 $900 8/10 Purchase 300 $1,000 10/15 Purchase 200 $1,050 During the year, 250 laptop computers were sold on 8/15 and 500 laptops were sold on 10/31. What was ending inventory using the FIFOcost flow assumption? Group of answer choices A)$60,000 B)$52,500 C)$52,000 D)$40,000 E)None of the above
- A corporation has provided the following information about one of their products: Date Transaction Number of Units Cost per Unit 1/1 Beginning inventory 200 $140 6/5 Purchase 400 $160 11/10 Purchase 100 $200 During the year, 400 units were sold. What is cost of goods sold using the average cost method? Group of answer choices A)$48,000 b)$64,000 C)$50,000 d)$66,667 E)None of the aboveCalculate the gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 6000, Return outwards 4000, Purchases 15000. a. OMR 5000 b. OMR 8000 c. OMR 6000 d. OMR 12000The Oman company exported 200 gauge wires. The cost per unit OMR 140. What is the entry of cost of goods sold?Select one:a.Cost of goods sold Dr14,000Inventory Cr14,000b.Cost of goods sold Dr140Inventory Cr140c.Cost of goods sold Dr28,000Inventory Cr28,000d.Inventory Dr28,000Cost of goods sold Cr
- Applying the Cost of Goods Sold Model Charest Company has the following data for 2022: Item Units Cost Inventory, 12/31/2021 980 $10,780 Purchases 4,480 49,280 Inventory, 12/31/2022 750 8,250 Required: 1. How many units were sold? 2. Using the cost of goods sold model, determine the cost of goods sold.Thank youFinancial information is presented below: Operating Expenses $56000 Sales Revenue Cost of Goods Sold Gross profit would be $48000. $238000. $182000. $104000. 238000 134000
