Please assist me with the following questions: Citi-Wholesalers marks its purchases up by 25%. Its inventory was insured against fire, the policy being subject to average. A fire took place on 30th October 2007 and all inventory was destroyed except for items which had cost $40 000 which were...

The Boxwood Company Sells blankets for $60 each. Purchase 5 units 30$ Purchase 10 units 34$ Purchase 10 units 40$ Sale 3 units Sale 6 units Sale 3 units Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the average...

How to update the inventory for manufacturing company? Example: Original inventory: ($) Part 1, 1000 part 2, 2000 part 3, 3000 part 4, 4000

I'm having a hard time with the fifo and lifo method... of this question Began with 73 yards @ 23 per yard During the month the company made the following purchases. March 3/4 113 yards @ 27 3/12 81 yards @ 29 3/19 167 yards @ 32 3/25 44 yards @ 35

Is inventory cost the same as Cost of good sold? I believe it is but would be grateful for comfirmation.