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Cruiser Video was involved in the following transactions during August concerning DVD play

Cruiser Video was involved in the following transactions during August concerning DVD players:August 1Beginning inventory10 @ $60,August 10Purchased5 @ $64,August 15Sold12 for $80 per unit,August 28Purchased5 @ $66,Calculate the ending inventory of DVDs for Cruiser Video in August assuming the use of the FIFO method under a perpetual inventory system.
Answer 

$522

$514

$510

$500
Question 6 
Cruiser Video was involved in the following transactions during August concerning DVD players:August 1Beginning inventory10 @ $60,August 10Purchased 5 @ $64,August 15Sold 12 for $80 per unit,August 28Purchased 5 @ $66,Calculate the cost of sales of DVDs for Cruiser Video in August assuming the use of the FIFO method under a perpetual inventory system.
Answer 

$728

$736

$740

$750

The following information applied to Fenn, Inc: for 2004: Merchandise purchased for resale = $400,000, Freight-in = 10,000, Freight -out = 5,000, Purchase returns = 2,000. Fenn s 2004 inventoriable cost was
Answer 

$400,000

$403,000

$408,000

$413,000

Nov 09 2017 View more View Less

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