Here are $10$ numerically based questions on inventory valuation for the

B$.$Com level:

A company has the following inventory transactions:

Beginning inventory: $100$ units at $$5$ each

Purchase: $200$ units at $$6$ each

Purchase: $150$ units at $$7$ each

Using the FIFO LIFO and average method, calculate the cost of goods sold

$($COGS$)$ if $250$ units are sold.

Given the following inventory purchases:

Purchase $1$: $50$ units at $$8$ each

Purchase $2$: $70$ units at $$10$ each

Purchase $3$: $80$ units at $$12$ each

Calculate the ending inventory and cost of goods sold using the Fifo lifo and

Weighted Average Cost method if $120$ units are sold.

A company follows the LIFO method for inventory valuation. It has the following

data:

Beginning inventory: $80$ units at $$20$ each

Purchases: $100$ units at $$22$ each

Purchases: $50$ units at $$25$ each

If $130$ units are sold, what is the value of the ending inventory?

A company has $150$ units in its inventory at the end of the period. $100$ units were

purchased at $$4$ each, and $50$ units were purchased at $$6$ each. If the company

follows the LIFO method, what is the value of the ending inventory?

Using the following data, calculate the inventory value under the perpetual

inventory system using FIFO:

Beginning inventory: $30$ units at $$15$ each

Purchase $1$:$20$ units at $$16$ each

Purchase $2$: $50$ units at $$17$ each

If the company sells $40$ units, what is the value of the remaining inventory?

A company reports inventory at the lower of cost or market. The cost of inventory is

$$12,000,$ but the market value is only $$10,000.$ What will the inventory value be

reported on the financial statements?

The following purchases were made by a business:

Purchase $1$:$40$ units at $$50$ each

Purchase $2$: $60$ units at $$55$ each

Calculate the ending inventory and cost of goods sold using the Weighted

Average method if $70$ units were sold.

A business has the following inventory data:

Beginning inventory: $100$ units at $$9$ each

Purchase: $150$ units at $$11$ each

If the company uses FIFO and sells $180$ units, calculate the cost of goods sold.

A company using the LIFO method has beginning inventory of $30$ units at $$5$ each.

It purchases $50$ units at $$6$ each, and $40$ units at $$7$ each. If it sells $80$ units, what is

the cost of goods sold?

A company uses a periodic inventory system and the following inventory data:

Beginning inventory: $200$ units at $$18$ each

Purchases during the year: $300$ units at $$20$ each

Calculate the ending inventory and cost of goods sold under the FIFO method if

$250$ units are sold.