Given the Following Information for Glade Company Required:

Answer the Following Questions for Glade Company:

question 81

Essay

Given the following information for Glade Company:
$\begin{array}{lll}\text { Jan. } 1 & \text { Beginning inventory } & 18 \text { units } @ \$ 4 \text { eacl } \\\text { Jan. } 7 & \text { Purchase } & 12 \text { units } @ \$ 5 \text { each } \\\text { Jan. } 10 & \text { Sale } & 14 \text { units } \\\text { Jan. } 17 & \text { Purchase } & 10 \text { units } @ \$ 6 \text { each } \\\text { Jan } 10 & \text { Sale } & 4 \text {units } \end{array}$ Required:

Answer the following questions for Glade Company:
a. If FIFO is in use, what is total ending invent ory in dollars?
b. If perpetual LIFO is in use, what is cost of goods sold for the month?
c. If weighted average is in use, what is enching inventory?
d. If moving average is in use what is the cost per urit sold for the Jamuary 10 sale

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Definitions:

Salivate

The secretion of saliva, often in response to the sight, smell, or taste of food, as part of the digestive process.

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and to their environments.

Self-employed

refers to an individual who works for themselves, rather than for an employer, taking on contracts or running their own business.

Not-for-profit

describes organizations that operate for purposes other than generating profit, focusing instead on fulfilling a mission or addressing a social need.