ACCT 212 DeVry University Week 5 Accounting Questions
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1)Inventory records for Dunbar Incorporated revealed the following:
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Order Paper Now| Date | Transaction | Number of Units |
Unit Cost |
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| Apr. | 1 | Beginning inventory | 480 | $ | 2.17 | |||
| Apr. | 20 | Purchase | 310 | 2.65 | ||||
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Dunbar sold 620 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
2) Inventory records for Dunbar Incorporated revealed the following:
| Date | Transaction | Number of Units |
Unit Cost |
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| Apr. | 1 | Beginning inventory | 510 | $ | 2.34 | |||
| Apr. | 20 | Purchase | 360 | 2.70 | ||||
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Dunbar sold 560 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.)
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