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Given the Following Information for Glade Company Required:

Answer the Following Questions for Glade Company:

Question 79

Essay

Given the following information for Glade Company:
 Jan. 1 Beginning inventory 18 units @$4 eacl  Jan. 7 Purchase 12 units @$5 each  Jan. 10 Sale 14 units  Jan. 17 Purchase 10 units @$6 each  Jan 10 Sale 4units \begin{array}{lll}\text { Jan. } 1 & \text { Beginning inventory } & 18 \text { units } @ \$ 4 \text { eacl } \\\text { Jan. } 7 & \text { Purchase } & 12 \text { units } @ \$ 5 \text { each } \\\text { Jan. } 10 & \text { Sale } & 14 \text { units } \\\text { Jan. } 17 & \text { Purchase } & 10 \text { units } @ \$ 6 \text { each } \\\text { Jan } 10 & \text { Sale } & 4 \text {units } \end{array} Required:

Answer the following questions for Glade Company:
a. If FIFO is in use, what is total ending invent ory in dollars?
b. If perpetual LIFO is in use, what is cost of goods sold for the month?
c. If weighted average is in use, what is enching inventory?
d. If moving average is in use what is the cost per urit sold for the Jamuary 10 sale

Correct Answer:

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