ACG 3102 Hybrid Fall 17 Test: Exam 2 Time F This Question: 1 pt 8 of 41 (10 comp

Question

ACG 3102 Hybrid Fall 17 Test: Exam 2 Time F This Question: 1 pt 8 of 41 (10 complete) Maki Company has the following data available Units Sold Units Purchased 750 325 Unit Cost $30 32 Transaction Beginning Inventory Oct 1 Purchase Oct. 10 Sale Oct. 14 Purchase Oct 20 Sale Oct. 22 Purchase Oct 29 Sale 425 600 525 450 36 400 37 If Maki Company uses a perpetual FIFO inventory system, the cost of ending inventory on October 31 is OA. S14.800 OB. $13875 O C. $49 400 O D. $63,900 Click to select your answer Type here to search enovO

Explanation / Answer

750 * 30 = 22,500

325 * 32 = 10,400

325 * 30 = 9,750

325 * 32 = 10,400

325 * 30 = 9,750

325 * 32 = 10,400

450 * 36 = 16,200

325 * 30 = 9,750

275 * 32 = 8,800

50 * 32 = 1,600

450 * 36 = 16,200

50 * 32 = 1,600

450 * 36 = 16,200

400 * 37 = 14,800

50 * 32 = 1,600

450 * 36 = 16,200

25 * 37 = 925

Cost of ending inventory on October 31 = 13,875

Date Transaction Units * Unit cost Ending inventory Beginning inventory 750 * 30 = 22,500 750 * 30 = 22,500 Oct. 1 Purchase 325 * 32 = 10,400

750 * 30 = 22,500

325 * 32 = 10,400

Oct 10 Sale 425 * 30 = 12,750

325 * 30 = 9,750

325 * 32 = 10,400

Oct. 14 Purchase 450 * 36 = 16,200

325 * 30 = 9,750

325 * 32 = 10,400

450 * 36 = 16,200

Oct. 20 Sales

325 * 30 = 9,750

275 * 32 = 8,800

50 * 32 = 1,600

450 * 36 = 16,200

Oct. 22 Purchase 400 * 37 = 14,800

50 * 32 = 1,600

450 * 36 = 16,200

400 * 37 = 14,800

Oct. 29 Sale

50 * 32 = 1,600

450 * 36 = 16,200

25 * 37 = 925

375 * 37 = 13,875

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.