Assume that Sparks uses a perpetual specific identification inventory system. Its ending inventory consists of 2 units from beginning inventory, 4 units from the Jan. 5 purchase, and 10 units from the Jan. 29 purchases. Calculate the dollar value of its ending inventory.  DateActivity Jan 1Beginning Inventory10 @ $12Jan 5Purchase10 @ $15Jan 29Purchase10 @ $18Jan 30Sale14 unitsMultiple choice question.$186$450$264$160

Assume that Toy-Cars Inc. uses a periodic specific identification inventory system. Its ending inventory consists of 2 cars from beginning inventory, 4 cars from the Jan. 5 purchase, and 10 cars from the Jan. 30 purchase. Calculate the dollar value of its ending inventory, based on the information provided below.  DateActivity Jan 1Beginning Inventory10 cars @ $12Jan 5Purchase10 cars@ $15Jan 30Purchase10 cars@ $18Multiple choice question.$160$264$450$186

Assume that Widgets, Inc. uses a perpetual specific identification inventory system. During the period, it sold 4 units from beginning inventory, 8 units from the Jan. 5 purchase, and 2 units from the Jan. 29 purchases. Calculate the dollar value of its cost of goods sold for the period.  DateActivity Jan 1Beginning Inventory10 @ $12Jan 5Purchase10 @ $15Jan 29Purchase10 @ $18Jan 30Sale14 unitsMultiple choice question.$140$246$210$204

A company's inventory records report the following: Date Activities Units Acquired at Cost Units Sold at RetailAugust 1 Beginning inventory 15 units @ $38 = $570  August 5 Purchase 10 units @ $39 = $390  August 12 Purchase 20 units @ $40 = $800  August 15 Sales   30 units soldUsing the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?Multiple Choice$400$290$600$1,160$1,760

Jammer Company uses a weighted average perpetual inventory system and reports the following: Date Activities Units Acquired at Cost Units Sold at RetailAugust 2 Purchase 10 units @ $27 = $270  August 18 Purchase 15 units @ $30 = $450  August 29 Sales   20 units soldAugust 31 Purchase 14 units @ $31 = $434   What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent.Multiple Choice$27.00$32.32$28.80$30.42$31.00

Assume that Q-Mart uses a periodic LIFO inventory system. During the year, it sold 14 units. Calculate the dollar value of its cost of goods sold for the period.  DateActivity Jan. 1Beginning Inventory10 @ $12Jan. 5Purchase10 @ $15Jan. 30Purchase10 @ $18Feb. 8Sale14 unitsMultiple choice question.$240$210$150$180