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

Question 1 – The 200X records of Thompson Company showed beginning inventory of \$6,000, cost of goods sold of \$14,000 and ending inventory of \$8,000. The cost of purchases for 200X was:

\$12,000

\$10,000

\$ 9,000

\$16,000

Question 2 – Post Company began the current month with \$10,000 in inventory, then purchased inventory at a cost of \$35,000. The inventory at the end of the month was \$20,000. The cost of goods sold would be:

\$30,000

\$35,000

\$15,000

\$25,000

Question 3 – Following is the inventory activity 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 ending inventory \$ amount using the FIFO method?

\$298

\$224

\$261

Question 4 – Following is the inventory activity 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 ending inventory \$ amount using the LIFO method?

\$298

\$224

\$261

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.