Whispering has the following inventory data:
| July 1 | Beginning inventory | 46 units at $110 | ||
| 5 | Purchases | 276 units at $103 | ||
| 14 | Sale | 184 units | ||
| 21 | Purchases | 138 units at $106 | ||
| 30 | Sale | 129 units |
Assuming that a periodic inventory system is used, what is the cost
of goods sold on a FIFO basis?

| $15463 |
| $15555 |
| $32653 |
| $32561 |
| Units sold | 313 | =184+129 |
| Cost of goods sold : | ||
| From Beginning inventory | 5060 | =46*110 |
| From July 5 purchases | 27501 | =(313-46)*103 |
| Cost of goods sold | 32561 | |
| Option D $32561 is correct |
Whispering has the following inventory data: July 1 Beginning inventory 46 units at $110 5 Purchases 276...
Oriole has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 56 units at $134 336 units at $125 224 units 168 units at $129 157 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a FIFO basis? $22879 $48129 $23047 $48297
Multiple Choice Question 182 Whispering Winds Corp. has the following inventory data: July 1 Beginning inventory 28 units at $5.50 5 Purchases 110 units at $6.10 14 Sale 74 units 21 Purchases 55 units at $6.60 30 Sale 52 units Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July?
Cheyenne has the following inventory data: July 1 Beginning inventory 26 units at $5.30 5 Purchases 106 units at $5.80 14 Sale 70 units 21 Purchases 53 units at $6.30 30 Sale 49 units Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July? $540.60 $1086.50 $714.70 $371.80
Vaughn has the following inventory data: July 1 Beginning inventory 31 units at $61 5 Purchases 184 units at $57 14 Sale 122 units 21 Purchases 92 units at $59 30 Sale 86 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for July?
• 17. Oscar Industries has the following inventory information July 1 Beginning Inventory 40 units at $110 5 Purchases 240 units at $112 14 Sale 160 units 21 Purchases 120 units at $115 30 Sale 150 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?
16. Oscar Industries has the following inventory information. July 1 Beginning Inventory 40 units at $110 5 Purchases 240 units at $112 14 Sale 160 units 21 Purchases 120 units at $115 30 Sale 150 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?
Wildhorse has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 32 units at $65 194 units at $60 130 units 97 units at $63 91 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for July? $6586 $6286 $6298 $6334
Kingbird has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 34 units at $68 205 units at $64 137 units 103 units at $66 96 units Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July? (Round intermediate calculations to 3 decimal places, e.g. 12.531.)
Question 17 Classic Floors has the following inventory data: July 1 Beginning inventory 30 units at $6.00 5 Purchases 120 units at $6.60 14 Sale 80 units 21 Purchases 60 units at $7.20 30 Sale 56 units Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July? A. $696.00 B. $931.20 C. $1,404.00
Tamarisk has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 31 units at $62 187 units at $58 125 units 94 units at $60 87 units Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July? (Round intermediate calculations to 3 decimal places, e.g. 12.531.) $5973 $5929 $5241 $5997