subject
Business, 19.10.2021 08:00 jyow6688

Lannister Inc. holds 12,000 units of inventory on January 1, 2017. Under FIFO (first-in, first-out) the inventory lot costs are: Inventory Lot Date Units Cost / Unit Total Cost H 12/13/2016 6,000 $120 $720,000 I 12/22/2016 6,000 $125 $750,000 Under LIFO (last-in, first-out) the same inventory has the following lot costs: Inventory Lot Date Units Cost / Unit Total Cost A 4/22/2012 2,000 $60 $120,000 F 10/15/2014 4,000 $84 $336,000 I 12/22/2016 6,000 $125 $750,000 Under average cost the same 12,000 inventory units have a total cost of $1,320,600. During January 2017, Lannister records the following transactions (in chronological order): Sells 7,000 units of inventory with revenue of $175 per unit. Purchases 4,000 units of inventory at a cost of $130 per unit. Sells 2,000 units of inventory with revenue of $180 per unit. Purchases 3,000 units of inventory at a cost of $132 per unit. Sells 2,000 units of inventory with revenue of $184 per unit. Counts ending inventory units of 8,000 units on January 31. In answering the following questions, assume that Lannister uses a periodic inventory system. Do not include a $ with any of your answers. Unless otherwise instructed, enter your answers as whole numbers. How many units of inventory did Lannister have available for sale during the month of January

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, luischavolla10
Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?
Answers: 1
image
Business, 22.06.2019 11:40, sabrinabowers4308
Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes
Answers: 1
image
Business, 22.06.2019 18:00, Elephants12
What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
Answers: 1
image
Business, 22.06.2019 20:00, ethanyayger
Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada
Answers: 1
You know the right answer?
Lannister Inc. holds 12,000 units of inventory on January 1, 2017. Under FIFO (first-in, first-out)...

Questions in other subjects: