11Samson Company had the following balances and transactions during 2013. Beginning inventory 10 units at $70 March 10 Sold 8 units June 10 Purchased 20 units at $80 ...

11Samson Company had the following balances and transactions during 2013.

What would the company's Inventory amount be on the December 31, 2013 balance sheet if the perpetual average-costing method is used? (Answers are rounded to the nearest dollar.)

A) $537

B) $554

C) $490

D) $560

12Samson Company had the following balances and transactions during 2013.

What would the company's Cost of goods sold be on the December 31, 2013 income statement if the perpetual average-costing method is used? (Answers are rounded to the nearest dollar.)

A) $1,590

B) $1,840

C) $1,746

D) $1,652

13Metro Computer Company had the following balances and transactions during 2012.

What would the company's Inventory amount be on the December 31, 2012 balance sheet if the perpetual Last-In, First-Out costing method is used? (Answers are rounded to the nearest dollar.)

A) $7,500

B) $8,000

C) $7,750

D) $7,300

14Metro Computer Company had the following balances and transactions during 2012.

What would the Cost of goods sold be as reported on the income statement at December 31, 2012 if the perpetual Last-In, First-Out costing method is used? (Answers are rounded to the nearest dollar.)

A) $15,750

B) $12,000

C) $ 3,750

D) $15,000

15Metro Computer Company had the following balances and transactions during 2012.

What would the Cost of goods sold be as reported on the income statement at December 31, 2012 if the perpetual First-In, First-Out costing method is used? (Answers are rounded to the nearest dollar.)

A) $15,000

B) $12,000

C) $16,000

D) $15,500

16Metro Computer Company had the following balances and transactions during 2012.

What would the Inventory amount be as reported on the balance sheet at December 31, 2012 if the perpetual First-In, First-Out costing method is used? (Answers are rounded to the nearest dollar.)

A) $7,000

B) $8,600

C) $8,000

D) $7,750

17Metro Computer Company had the following balances and transactions during 2012.

What would the inventory amount be as reported on the balance sheet at December 31, 2012 if the perpetual average-costing method is used? (Answers are rounded to the nearest dollar.)

A) $7,900

B) $8,600

C) $8,000

D) $7,750

18Metro Computer Company had the following balances and transactions during 2012.

What would the Cost of goods sold be as reported on the income statement at December 31, 2012 if the perpetual average-costing method is used? (Answers are rounded to the nearest dollar.)

A) $13,900

B) $14,600

C) $15,600

D) $17,750

19Martin Sales had a Beginning inventory balance of $120 made up of 10 units purchased for $12.00 per unit. Early in the month, they purchased 16 units at $10.00 per unit. Later that month, they sold 15 units. Martin uses a perpetual inventory system, and applies FIFO. How much is the Cost of goods sold for the month?

A) $170

B) $150

C) $180

D) $165

20Martin Sales had a Beginning inventory balance of $120 made up of 10 units purchased for $12.00 per unit. Early in the month, they purchased 16 units at $10.00 per unit. Later that month, they sold 15 units. Martin uses a perpetual inventory system, and applies FIFO. How much is the Ending inventory balance?

A) $116

B) $130

C) $132

D) $110