Solve:

d you X N Work-Study | No x | ) Applications | Re X | N Ch 05 Homewor X M Question 1 - Ch X i McGraw Hill * *Homework Help x |- X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%25... Q M Financial Aid Applica.. M FYE Outreach - Mon. ) Apply for Financial... W 64 Mar Vista Ave -... 460 Vista Ave, Pasa. 2 br, 2 bath Condo.. 2 br, 2 bath Condo.. > > All Bookmarks Ch 05 Homework Saved Help Save & Exit Submit Check my work Exercise 5-16 (Algo) Lower of cost or market LO P2 2 point Martinez Company's ending inventory includes the following items. Market per Product Units Cost per Unit Unit Helmets 31 $ 59 $ 63 Book Bats 24 113 81 Shoes 45 104 109 Uniforms Hint Compute the lower of cost or market for ending inventory applied separately to each product. Per Unit Total Print LCM Applied to Inventory Items Units Cost Market Cost Market Items References Helmets 31 5 50 S 63 Bats 24 113 81 Shoes 104 00 Uniforms 40 45 45 o $ 0 Mc Graw Hill 1 47' F 11:46 PM Q Search Mostly clear 10/16/2024d you X N Work-Study | No x | ) Applications | Re X | N Ch 05 Homewor X M Question 2 - Ch X i McGraw Hill * *Homework Help x |- X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2530%252F%252Fconnect.mheducation.com%252Fconnect%25... Q M Financial Aid Applica.. M FYE Outreach - Mon.. ) Apply for Financial... W 64 Mar Vista Ave -... 460 Vista Ave, Pasa.. 2 br, 2 bath Condo. 2 br, 2 bath Condo.. > > All Bookmarks Ch 05 Homework Saved Help Save & Exit Submit Check my work 2 Problem 5-4AA (Static) Periodic: Alternative cost flows LO P3 Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. points Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 608 units @ $45 per unit February 16 Purchase 408 units @ $42 per unit March 13 Purchase 200 units @ $27 per unit March 15 Sales 800 units @ $75 per unit Book August 21 Purchase 100 units @ $50 per unit September 5 Purchase 509 units @ $46 per unit September 19 Sales 600 units _@ $75 per unit Totals 1, 800 units 1, 400 units Print Required: References 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale Number of units available for sale units 2. Compute the number of units in ending inventory. Ending inventory units Mc Graw 1 47' F 11:46 PM Mostly clear Q Search 10/16/2024d you X N Work-Study | No x | ) Applications | Re X | N Ch 05 Homewor X M Question 2 - Ch X i McGraw Hill * *Homework Help x |- X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%25... Q M Financial Aid Applica.. M FYE Outreach - Mon. () Apply for Financial... W 64 Mar Vista Ave -... 460 Vista Ave, Pasa.. 2 br, 2 bath Condo.. 2 br, 2 bath Condo.. > > All Bookmarks Ch 05 Homework Saved Help Save & Exit Submit Check my work 2 2. Compute the number of units in ending inventory. points Ending inventory units Book Print 3. Compute the cost assigned to ending inventory using n (a) FIFO. References (b) LIFO, (c) weighted average, and (cd) specific identification. For specific identification, units sold consist of 600 units from beginning inventory. 300 from the February 10 purchase. 200 from the March 13 purchase. 50 from the August 21 purchase. and 250 from the September 5 purchase Ending Inventory (a) FIFO (b) LIFO (c) Weighted average (d) Specific identification Mc Graw Hill 1 47' F 11:46 PM Q Search Mostly clear 10/16/2024d you X N Work-Study | No x | ) Applications | Re X | N Ch 05 Homewor X M Question 2 - Ch X i McGraw Hill * *Homework Help x |- X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%25... Q M Financial Aid Applica. M FYE Outreach - Mon.. SA Apply for Financial... W 64 Mar Vista Ave -... 460 Vista Ave, Pasa.. 2 br, 2 bath Condo.. 2 br, 2 bath Condo.. > > All Bookmarks Ch 05 Homework Saved Help Save & Exit Submit Check my work 2 (c) Weighted average (d) Specific identification points 4. Compute gross profit earned by the company for each of the four costing methods. Book Note: Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount. Print FIFO LIFO Weighted Specific Average dentification Sales Less: Cost of goods solo References Gross profit S O $ 5. The company's manager earns a bonus based on a percent of gross profit. Which method of inventory costing produces the highest bonus for the manager? O FIFO O Weighted Average O LIFO O Specific Identification Mc Graw 1 47' F 11:46 PM Mostly clear Q Search 10/16/2024