177. A company made the following purchases during the year:
Jan. 10
|
15 units @ $360 each
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Mar. 15
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25 units @ $390 each
|
Apr. 25
|
10 units @ $420 each
|
July 30
|
20 units @ 450 each
|
Oct. 10
|
15units @ $480 each
|
On December 31, there were 28 units in ending inventory. These 28 units consisted of 2 from the January 10 purchase, 3 from the March 15 purchase, 4 from the April 25 purchase, 11 from the July 30 purchase, and 8 from the October 10 purchase. Using specific identification, calculate the cost of the ending inventory.
178. A company’sinventory records indicate the following data for the month of July:
July1 beginning380 units at $15 each
July5 purchased270 units at $17 each
July10 sold400 units at $50 each
July20 purchased300 units at $22 each
July25 sold400 units at $50 each
If the company uses the weighted average inventory valuation method and the perpetual inventory system, what would be the cost of its ending inventory?
179. A company’s inventory records indicate the following data for the month of April:
April 1beginning350units at$18 each
April 5purchase290 units at $20 each
April 9sale500 units at$55 each
April 14purchase250 units at $22 each
April 20sale200 units at$55 each
April 30 purchase240 units at $25each
If the company uses the first-in, first-out (FIFO) method and the perpetual inventory system, what would be the cost of the ending inventory?