Question: Use the following information to answer question 14-16. Data for Houston Electronies' Astre condensers. Total Cost Date Jan. 1 Ape 15 Aue 24 No. 27
Use the following information to answer question 14-16. Data for Houston Electronies' Astre condensers. Total Cost Date Jan. 1 Ape 15 Aue 24 No. 27 HOUSTON ELECTRONICS Astro Condensers Units Explanation Beginning inventory Purchase Purchase Unit Cost S10 $12.000 Total units available for sale Units in ending inventory Units sold Q14 Determine the ending inventory value and cost of goods sold using FIFO. A. Ending inventory is $5,800, cost of goods sold is 56,200. B. Ending inventory is 88,200, cost of goods sold is 53,800. C. Ending inventory is 56,200, cost of goods sold is 55,800. D. None of the above answers are correct. QIS Determine the ending inventory value and cost of goods sold using LIFO. A. Ending inventory is $7,000, cost of goods sold is $5,000 B. Ending inventory is $5,000, cost of goods sold is $7,000. C. Ending inventory is 55,800, cost of goods sold is 56,200. D. None of the above answers are correct. Q16 Determine the ending inventory value and cost of goods sold using Average cost method. A. Ending inventory is 55,800, cost of goods sold is 56,200. B. Ending inventory is $5,000, cost of goods sold is $7,000. C. Ending inventory is 55,400, cost of goods sold is $6,600. D. None of the above answers are correct
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