Question: Consider a restaurant making a physical inventory at the end of October which reveals that 22 units remaining, and the inventory records for the month

 Consider a restaurant making a physical inventory at the end of
October which reveals that 22 units remaining, and the inventory records for

Consider a restaurant making a physical inventory at the end of October which reveals that 22 units remaining, and the inventory records for the month shows the following Opening on the 1st of the month 9 units @ $5.24 Purchased on the 5th of the month: 24 units @ $538 Purchased on the 12th of the month: 24 units $6 Purchased on the 19th of the month 18 units $ 63 Purchased on the 26th of the month: 12 units @ $6.78 Using the Actual Purchase Price method, determine the value of the closing Inventory.considering that 4 are from the opening balance. 10 from the 2nd purchase, and 8 from the last purchase. $ 956 $ 114.12 Cannot be calculated $ 135.2 The stock of the remaining units can prove that an important procedure is not applied correctly in the restaurant which is Adjustments to cost of food issued Reports to management Stock rotation Inventory turnover Using the inventory records above, calculate the value of the closing inventory. by using consecutively the FIFO .Weighted average LIFO and latest purchase price method $144. 36. $133 254, 5122 6. $149.16 $114,36, 9116 33. $113.222.5113 89 $144 26. $138. 15.5136.61, $148.67 $122 63. $115.92 $1149, $110.11 Determine the cost of units issued using the value of the closing inventory obtained using the Actual Purchase Price method: $ 411.16 $ 391.84 $ 280.78 S 402.33 Clear for Back Next on Form

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