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## Julian Junkets has the following inventory

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Julian Junkets has the following inventory 1. Jenner Company had beginning inventory of \$90,000, ending inventory of \$110,000, cost of goods sold of 400,000, and sales of 660,000. Jenner’s days in inventory is: a 55.3 days. b. 91.3 days. c. 101.4 days. d. 60.8 days. a2. During July, the following purchases and sales were made by James Company. There was no beginning inventory. James Company uses a perpetual inventory system. Purchases Sales July 3 20 units @ â‚¬12 July 13 25 units 11 20 units @ â‚¬13 22 10 units 20 10 units @ â‚¬15 Under the FIFO method, the cost of goods sold for each sale is: July 13 July 22 a. â‚¬300 â‚¬120 b. 325 130 c. 305 130 d. 375 150 a3. During July, the following purchases and sales were made by James Company. There was no beginning inventory. James Company uses a perpetual inventory system. Purchases Sales July 3 20 units @ â‚¬12 July 13 25 units 11 20 units @ â‚¬13 22 10 units 20 10 units @ â‚¬15 Under the LIFO method, the cost of goods sold for each sale is: July 13 July 22 a. â‚¬320 â‚¬150 b. 375 130 c. 300 120 d. 325 150 a4. Julian Junkets has the following inventory information. July 1 Beginning Inventory 10 units at \$90 5 Purchases 60 units at \$84 14 Sale 40 units 21 Purchases 30 units at \$87 30 Sale 28 units Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis? a. \$2,748 b. \$2,754 c. \$2,778 d. \$5,796 a5. Julian Junkets has the following inventory information. July 1 Beginning Inventory 10 units at \$90 5 Purchases 60 units at \$84 14 Sale 40 units 21 Purchases 30 units at \$87 30 Sale 28 units Assuming that a perpetual inventory system is used, what is the ending inventory (rounded) under the average-cost method? a. \$2,750 b. \$2,784 c. \$2,406 d. \$2,772 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

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