Given the following entries of the inventories, solect the correct answer among the alternatives provided (FIFO and WAC on the 05.01.2022) PURCHASE O1.01.2022 200 units $ 50,00 cost per unit SALE 02.01.2022 300 units $ 150,00 selling price PURCHASE 03.01.2022 600 units $ 60,00 cost per unit SALE 04.01.2022 200 units $ 170,00 selling price Select one: O a. REMAINING INVENTORY: 300 units WAC FIFO 300 O b. REMAINING INVENTORY: 1300 units Average cost: £ 57,50 WAC: E 18,000 FIFO: E17,250 O C. REMAINING INVENTORY: 300 units Average cost: E 57,50 WAC: E 17,200 FIFO: E 18,000 Od. REMAINING INVENTORY: 300 units Average cost: £ 57,50 FIFO: E 18,000 WAC E17,250
Given the following entries of the inventories, solect the correct answer among the alternatives provided (FIFO and WAC on the 05.01.2022) PURCHASE O1.01.2022 200 units $ 50,00 cost per unit SALE 02.01.2022 300 units $ 150,00 selling price PURCHASE 03.01.2022 600 units $ 60,00 cost per unit SALE 04.01.2022 200 units $ 170,00 selling price Select one: O a. REMAINING INVENTORY: 300 units WAC FIFO 300 O b. REMAINING INVENTORY: 1300 units Average cost: £ 57,50 WAC: E 18,000 FIFO: E17,250 O C. REMAINING INVENTORY: 300 units Average cost: E 57,50 WAC: E 17,200 FIFO: E 18,000 Od. REMAINING INVENTORY: 300 units Average cost: £ 57,50 FIFO: E 18,000 WAC E17,250
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 1.6C
Related questions
Question
![Given the following entries of the inventories, solect the correct answer among the alternatives provided
(FIFO and WAC on the 05.01.2022)
PURCHASE O1.01.2022 200 units $ 50,00 cost per unit
02.01.2022 300 units $ 150,00 selling price
SALE
PURCHASE 03.01.2022 600 units $ 60,00 cost per unit
SALE
04.01.2022 200 units $ 170,00 selling price
Select one:
O a. REMAINING INVENTORY: 300 units
WAC FIFO 300
O b. REMAINING INVENTORY: 1300 units
Average cost £ 57,50
WAC: E 18,000
FIFO: £ 17,250
O c. REMAINING INVENTORY: 300 units
Averoge cost: E 57,50
WAC: £17,200
FIFO. £ 18,000
O d.
REMAINING INVENTORY: 300 units
Average cost: £ 57,50
FIFO: 18,000
-2
WAC E17,250
2-0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc313077d-b0b1-4657-b5c2-ec05823fc6de%2F9801e874-ff34-40e0-9f42-c08b4e0282f1%2Fxq5ypsh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Given the following entries of the inventories, solect the correct answer among the alternatives provided
(FIFO and WAC on the 05.01.2022)
PURCHASE O1.01.2022 200 units $ 50,00 cost per unit
02.01.2022 300 units $ 150,00 selling price
SALE
PURCHASE 03.01.2022 600 units $ 60,00 cost per unit
SALE
04.01.2022 200 units $ 170,00 selling price
Select one:
O a. REMAINING INVENTORY: 300 units
WAC FIFO 300
O b. REMAINING INVENTORY: 1300 units
Average cost £ 57,50
WAC: E 18,000
FIFO: £ 17,250
O c. REMAINING INVENTORY: 300 units
Averoge cost: E 57,50
WAC: £17,200
FIFO. £ 18,000
O d.
REMAINING INVENTORY: 300 units
Average cost: £ 57,50
FIFO: 18,000
-2
WAC E17,250
2-0
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