Question: Please help me answer question #1 #6 and #12 E Chapter 18 Practice Test 1. Find the cost of goods available for sale using the

Please help me answer question #1 #6 and #12

E

Please help me answer question #1 #6 and #12 E
Chapter 18 Practice Test 1. Find the cost of goods available for sale using the following table Date of purchase Units purchased Cost per unit Beginning inventory 26 $10 March 12 32 $13 April 3 29 $9 May 5 25 $12 2. Find the cost of ending inventory using the specific identification method and the following table showing a breakdown of unit costs for ending inventory: Cost per unit Units $10 17 $13 12 $9 15 $12 25 3. Find the cost of goods sold using the specific identification method and the tables in Exercises 1 and 2. 1. Find the average unit cost using the table in Exercise 1 5. Find the cost of ending inventory and the cost of goods sold using the weighted-average method and the tables in Exercises 1 and 2. 6. Find the cost of goods sold and the cost of ending inventory using the FIFO method, the table in Exercise 1, and the fact that the ending inventory is 32 units. 7. Find the cost of goods sold and the cost of ending inventory using the LIFO method, the table in Exercise 1, and the fact that the ending inventory is 82 units. 8. Use the ending inventory information for Evanger's Canned Dog Food in the table to calculate the cost of goods available for sale using the specific identification method. Then determine the cost of goods sold. Cost of Goods Available for Sale and Ending Inventory for Evanger's Canned Dog Food Date of purchase Units (cases) purchased Cost per unit (case) Total cost Ending inventory Beginning inventory 148 $ 12 88 23 January 15 144 $14 27 16 February 13 152 $13 56 March 16 215 512.38 9 Goods available for sale 659 55 9. Use the table in Exercise 8 to calculate the cost of ending inventory and the cost of goods sold using the weighted- average method. 10. A restaurant had a beginning inventory at retail of $13 900 and an ending inventory at retail of $10.000. If the net sales were $47,800, find the turnover rate at retail 11. A retail parts business had an average inventory at retail of $258 968 and sales of $756.893 Find the rate of turnover at retail to the nearest hundredth. 2. A plant had an average inventory at cost of $13,000 and sales of $26.000. Find the rate of turnover at cost

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