A company just starting business had the following transactions in February Purchase February 1 450 units...

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A company just starting business had the following transactions in February Purchase February 1 450 units e 9 50 $4.275 Sale February 5 300 unts @ 15 00 $4,500 Purchase February 10 400 unts 960 $3.840 Purchase Fobruary 15 600 unitse 9 70 $5,820 Sale February 25 950 units a 15 00 $14.250 Purchase February 28 250 units e 9.00 $2.475 Aphysical count of merchandse inventory on February 28 reveals that there are 450 unts on hand Assume that no returns occumed dung the month and no discounts wore given Using the perpetual mvertory method calculate Coos and Endrng invertory tor LIFO O Ending Inventory value of 54415 and a Cost of Goods Sold Value of s11,995 O Ending Inventory value of 4275 and a Cont of Goods Sold Value of $12135 O Ending Invertory value of $4.390 and a Cost of Goods Sold Value ofS1200 O Ending inventory value of s4,415 and a Cost of Goods Sold Value of $16410 A company just starting business had the following transactions in February Purchase February 1 450 units e 9 50 $4.275 Sale February 5 300 unts @ 15 00 $4,500 Purchase February 10 400 unts 960 $3.840 Purchase Fobruary 15 600 unitse 9 70 $5,820 Sale February 25 950 units a 15 00 $14.250 Purchase February 28 250 units e 9.00 $2.475 Aphysical count of merchandse inventory on February 28 reveals that there are 450 unts on hand Assume that no returns occumed dung the month and no discounts wore given Using the perpetual mvertory method calculate Coos and Endrng invertory tor LIFO O Ending Inventory value of 54415 and a Cost of Goods Sold Value of s11,995 O Ending Inventory value of 4275 and a Cont of Goods Sold Value of $12135 O Ending Invertory value of $4.390 and a Cost of Goods Sold Value ofS1200 O Ending inventory value of s4,415 and a Cost of Goods Sold Value of $16410

Answer rating: 100% (QA)

Correct Ans Option C Ending Inventory 4380 COGS 12030 ... View the full answer