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What is cost of goods sold using the LIFO inventory method

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Reference no: EM132802407

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Q1 - A company has beginning inventory of 300 units at $ 16.34 each; They purchased 400 units at $ 12.29 each on June 2; On June 15, they also purchased 200 units at $ 3.91 each. A physical count of merchandise inventory at the end of the month revealed that 500 units were sold. What is the cost of goods sold using the LIFO inventory method?

Q2 - A company has beginning inventory of 300 units at $ 16.72 each; They purchased 400 units at $ 7.56 each on June 2; On June 15, they also purchased 500 units at $ 9.31 each. A physical count of merchandise inventory at the end of the month revealed that 265 units were sold. What is the cost of goods sold using the weighted average inventory method?

Q3 - What is the interest earned on a $ 48,917, 9%, 99 day note receivable?

Q4 - What is the maturity value of a $ 61,944, 7%, 87 day note receivable?

Reference no: EM132802407

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