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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.

\$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.

\$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

\$400,000

\$403,000

\$408,000

\$413,000

Nov 09 2017 View more View Less