Question 1 – the 200x records of thompson company showed beginning

Question 1 - The 200X chronicles of Thompson Company showed source register of $6,000, absorb of movables sold of $14,000 and accomplishment register of $8,000. The absorb of purchases for 200X was:

 

$12,000 

$10,000 

$ 9,000 

$16,000   

 

Question 2 - Post Company began the ordinary month delay $10,000 in register, then purchased register at a absorb of $35,000. The register at the end of the month was $20,000. The absorb of movables sold would be:

 

$30,000 

$35,000 

$15,000 

$25,000    

 

Question 3 - Following is the register temper for July:

Beginning Balance   10 sweaters @ $12 each

1-Jul Purchased 5 sweaters at $14 each

8-Jul  Purchased 8 sweaters at $17 each

17-Jul  Purchased 6 sweaters at $20 each

24-Jul  Sold 12 sweaters for $30 each

 

What is the accomplishment register $ quantity using the FIFO order?

 

$298     

$224 

$261 

 

Question 4 - Following is the register temper for July:

 

Beginning Balance 10 sweaters @ $12 each

1-Jul  Purchased 5 sweaters at $14 each

8-Jul  Purchased 8 sweaters at $17 each

17-Jul  Purchased 6 sweaters at $20 each

24-Jul  Sold 12 sweaters for $30 each

 

What is the accomplishment register $ quantity using the LIFO order?

 

$298 

$224   

$261

 

 

 

 

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