please help. i have a due date today and I am behind :(

Document Word O Search Help # 9 Three identical units ot merchandise were purchased during July, as follows: Date Product T Units Cost July 3 Purchase $34 Purchase 10 37 24 Purchase 1 40 Total 3 $111 Average cost per unit $37 Assume one unit sells on Determine the gross profit, cost of goods sold, and ending inventory on July 31 using (a) first-in, out, (b) last-in, first-out, and (c) average cost flow methods. July 28 for $52. Gross Profit Cost of Goods Sold Ending Inventory a. First-in, first-out b. Last-in, first-out C. Average $ #8 The Boxwood Company sells blankets for $40 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 Blankets Units Cost Date May 3 Purchase 7 $19 10 Sale 3 17 Purchase $16 20 Sale 4 23 Sale 30 Purchase 12 $21 Assuming that the company uses the perpetual inventory system, determine the May 31 inventory balance using the FIFO inventory cost method. a.$361 T b.$364 C.$399 d.s304 #5 When using a perpetual inventory System, the journal enitry to record the cost of goods sold is: a.debit Cost of Goods Sold; credit Inventory b.debit Inventory; credit Cost of Goods Sold .debit Cost of Goods Sold: credit sales d.No journal entry is made to record the dost of goods sold The following lots of a particular commodity were available for sale during the year Beginning inventory First purchase 7 units at $48 19 units at $55 23 units at $20 Second purchase 19 units at $62 Third purchase The firm uses the periodic system, and there are 26 units of the commodity year. What is the ending inventory balance at the end of the year rounded to nearest dollar a to the average cost method? Do not round intermediate calculations. on hand at the er C a.$1,248 C b.$1,154 C c.$1,381 d.$1,318 The following lots of Commodity Z were available for sale during the year. Beginning inventory First purchase 10 units at $52 16 units at $51 Second purchase 21 units at $55 Third purchase The firm uses the periodic system, and there are 22 units of the commodity on hand at the end c year. What is the ending inventory balance at the end of the year according to the FIFO method? 14 units at $57 a.$1,238 b.$3,289 C.$1,144 d.$3,267 +Three identical units of merchandise were purchased during July, as follows: Units Cost Date Product T July 3 Purchase $34 10 Purchase 1 37 24 Purchase 40 Total 3 $111 Average cost per unit $37 Assume one unit sells on July 28 for $52 Determine the gross profit,, cost of goods sold, and ending inventory on July 31 using (a) first-in, first out, (b) last-in, first-out, and (c) average cost flow methods. Gross Profit Cost of Goods Sold Ending Inventory a. First-in, first-out 4 S b. Last-in, first-out C. Average t a O Search Help # 3 The following data were taken from Castle, Inc. Cost of goods sold $894,000 Inventory, end of year 78,000 Inventory, beginning of the 92,000 year What is (1) the inventory turnover ratio and (2) the number of days' sales in inventory for Castle Inc.? a.(1) 10.53 times (2) 34.56 days b.(1) 10.52 times (2) 34.70 days C c.(1) 11.46 times (2) 31.85 days d.(1) 9.72 times (2) 37.56 days # 2 The following lots of a particular commodity were available for sale during the year Beginning inventory 7 units at $48 19 units at $55 23 units at $20 First purchase Second purchase Third purchase The firm uses the periodic system, and there are 26 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year rounded to nearest dollar according to the average cost method? Do not round intermediate calculations. 19 units at $62 a.$1,248 b.$1,154 c.$1,381 d.$1.318