Do not give answer in image Information related to Churchill Corporation's inventory for December is given below:1-Dec Beginning inventory3-Dec Purchase9-Dec Sale13-Dec Purchase17-DecSale20-Dec Purchase26-Dec SaleUnitsPurchasesUnit Cost Total Cost Units10090Ending inventory unitsEnding inventory total dollars6040$65$6,500$60 $5,400110$55$50$3,300$5900$2,000SellingPrice/Unit9530Sales55Total Sales $$100$102$105Required:Note: please round your answers to a whole number. Do not include "$" or " in your answers. (Ex: 123456, NOT:$123,456.22)Assume Churchill Corporation uses the perpetual inventory system. Calculate the ending inventoryin units and dollars at December 31 using FIFO.$9,500$3,060$5,775

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Description: Do not give answer in image Information related to Churchill Corporation's inventory for December is given below:1-Dec Beginning inventory3-Dec Purchase9-Dec Sale13-Dec Purchase17-DecSale20-Dec Purchase26-Dec SaleUnitsPurchasesUnit Cost Total Cost Un

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Information related to Churchill Corporation's inventory for December is given below. 1-Dec Beginning inventory 3-Dec Purchase 9-Dec Sale 13-Dec Purchase 17-Dec Sale 20-Dec Purchase 26-Dec Sale Purchases Units Unit Cost Total Cost Units 100 90 60 Ending inventory units Ending inventory total dollars 40 $65 $60 110 $55 $50 $6,500 $5,400 $ 5900 $3,300 $2,000 Selling Price/Unit 95 30 Sales 55 Total Sales S $100 $102 $105 $9,500 Required: Note: please round your answers to a whole number. Do not include "$" or "," in your answers. (Ex 123456, NOT: $123,456.22) Assume Churchill Corporation uses the perpetual inventory system. Calculate the ending inventory in units and dollars at December 31 using FIFO. $3,060 $5,775

Information related to Churchill Corporation's inventory for December is given below. 1-Dec Beginning inventory 3-Dec Purchase 9-Dec Sale 13-Dec Purchase 17-Dec Sale 20-Dec Purchase 26-Dec Sale Purchases Units Unit Cost Total Cost Units 100 90 60 Ending inventory units Ending inventory total dollars 40 $65 $60 110 $55 $50 $6,500 $5,400 $ 5900 $3,300 $2,000 Selling Price/Unit 95 30 Sales 55 Total Sales S $100 $102 $105 $9,500 Required: Note: please round your answers to a whole number. Do not include "$" or "," in your answers. (Ex 123456, NOT: $123,456.22) Assume Churchill Corporation uses the perpetual inventory system. Calculate the ending inventory in units and dollars at December 31 using FIFO. $3,060 $5,775

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Inventories

Section: Chapter Questions

Problem 6.3BE: Perpetual inventory using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as...

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