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Author Question: A warehouse showed a stock balance of 644 units of HT-125 headphones on January 1. The warehouse ... (Read 110 times)

bobbysung

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on: Jun 24, 2018
A warehouse showed a stock balance of 644 units of HT-125 headphones on January 1. The warehouse shipped these amounts during the month: 125 units on January 13, 98 units on January 20, and 240 units on January 22. They received a shipment of 450 units on January 15. What was the stock record balance of headphones on January 31?

Question 2

A sporting goods distributor received 24 basketballs  14.25 on Tuesday, 11 basketballs  12.60 on Thursday and 34 basketballs  13.42 on Friday. The ending inventory on Saturday was 39 basketballs. Using the LIFO method, what was the value of the ending inventory?


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dajones82

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Reply #1 on: Jun 24, 2018
Answer to Question 1

631

Answer to Question 2

534.28


bobbysung

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

amynguyen1221

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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