Question: Below is the same data presented in Question 3. Date # of Units Beginning 9 60 Unit Cost Jan. 2nd $10 Jan. Purchase 90 $11

Below is the same data presented in Question 3. Date # of Units Beginning 9 60 Unit Cost Jan. 2nd $10 Jan. Purchase 90 $11 5th Jan. 10th Sell Inventory 130 Assuming your company uses

Below is the same data presented in Question 3. Date # of Units Beginning 9 60 Unit Cost Jan. 2nd $10 Jan. Purchase 90 $11 5th Jan. 10th Sell Inventory 130 Assuming your company uses LIFO (Last in First out): What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ (do not include decimals) What is ending inventory in units? What is the value of ending inventory? $ Below is the same data presented in Question 3. Date Unit Cost # of Units Beginning 60 Inv. Jan. 2nd $10 Jan. Purchase 90 $11 5th Jan. 10th Sell Inventory 130 Assuming your company uses the weighted average to value Cost of Goods Sold: What is the average cost per unit on Jan. 10th (round to the nearest cent)? $ What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ What is the ending inventory in units? What is the value of ending inventory? $ Incorrect Question 9 0 / 0.5 pts On June 30th, Staples purchases 5 HP computers for $500. On December 31st they still have one of the HP Computers and believe market value is $400. What is the journal entry they should record on December 31st? O DR COGS $500; CR Inventory $500 No journal entry required DR COGS $400; CR Inventory $400 O DR Inventory $100; CR COGS $100 O DR COGS $100; CR Inventory $100

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