超星 - Assignment 6

单选题

WhencomparingtheFIFOandLIFOinventorymethods:

A. LIFOvaluesinventoryatthenewestcosts.
B. LIFOreportsthemostup-to-dateinventorycostonthebalancesheet.
C. FIFOresultsinthemostrealisticnetincomefigure.
D. FIFOmatchesoldinventorycostsagainstrevenue.

查看答案

单选题

TheBiosCompanypurchasedinventoryfor$75,000.Italsopaidfreight-inof$750,salestaxof$3,750andinsurancewhiletheinventorywasintransitof$210.Thecostoftheinventoryis:

A. $75,000.
B. $75,750.
C. $78,750.
D. $79,710.

查看答案

单选题

Acompanyhasabeginninginventoryof$40,000andpurchasesduringtheyearof$110,000.Thebeginninginventoryconsistedof3,000unitsand7,000unitswerepurchasedduringtheyear.Theaveragecostperunitis:

A. $11.00.
B. $13.33.
C. $15.00.
D. $15.71.

查看答案

单选题

Acompanyhasabeginninginventoryof$40,000andpurchasesduringtheyearof$110,000.Thebeginninginventoryconsistedof3,000unitsand7,000unitswerepurchasedduringtheyear.3,480unitsremaininendinginventory.Thevalueoftheendinginventoryusingtheaverage-costmethodwillbe:

A. $38,280.
B. $46,389.
C. $52,200.
D. $97,800.

查看答案

单选题

Toyland's inventory records show the following data at January 31:Beginning inventory Jan. 1 is 250 units at $8 per unitJan. 10 purchase 300 units at $10 per unitJan. 22 purchase 110 units at $11 per unitAt January 31, 210 units are still on hand. What is the value of the ending inventory at January 31 if Toyland uses the FIFO method?

A. $1,680
B. $2,500
C. $2,210
D. $3,000

查看答案

单选题

Toyland's inventory records show the following data at January 31:Beginning inventory Jan. 1 is 250 units at $8 per unitJan. 10 purchase300 units at $10 per unitJan. 22 purchase110 units at $11 per unitAt January 31, 210 units are still on hand. What is the value of the ending inventory at January 31 if Toyland uses the LIFO method?

A. $1,680
B. $2,500
C. $2,210
D. $3,000

查看答案

单选题

Given the following data, calculate the cost of ending inventory using the FIFO costing method.

A. $720
B. $740
C. $915
D. $545

查看答案

单选题

Given the following data, calculate the cost of ending inventory using the LIFO costing method.

A. $2,069
B. $2,274
C. $2,425
D. $1,940

查看答案

单选题

Given the following data, by how much would taxable income change if FIFO is used rather than LIFO?

A. Decreaseby$19,000
B. Increaseby$20,000
C. Increaseby$19,000
Decreaseby$20,000

查看答案

单选题

Given the following data, what would the income tax amount be if the company uses FIFO?

A. $8,960
B. $10,200
C. $13,440
D. $6,800

查看答案