Exercise 8-14 Flounder Corporation sells one product, with information for July as follows: July 1 Inventory...
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Exercise 8-14
Flounder Corporation sells one product, with information for July
as follows:
July
1
Inventory...
Riverbed Corporation sells one product, with information for July as follows: July 1 Inventory 100 units...
Riverbed Corporation sells one product, with information for July as follows: July 1 Inventory 100 units at $16.00 each 4 Sale 80 units at $20.00 each 11 Purchase 150 units at $16.40 each 13 Sale 120 units at $18.80 each 20 Purchase 160 units at $16.40 each 27 Sale 100 units at $20.90 each Riverbed uses the FIFO cost formula. All purchases and sales are on account. Ignore any estimated returns on purchases and sales. Assume Riverbed uses a periodic...
Exercise 8-9 (Part Level Submission) Cullumber Company sells one product. Presented below is information for January...
Exercise 8-9 (Part Level Submission) Cullumber Company sells one product. Presented below is information for January for Cullumber Company. Jan. 1 Inventory 113 units at $4 each 4 Sale 92 units at $8 each 11 Purchase 141 units at $6 each 13 Sale 112 units at $9 each 20 Purchase 154 units at $7 each 27 Sale 93 units at $11 each Cullumber uses the FIFO cost flow assumption. All purchases and sales are on account. All purchases and sales...
Exercise 8-9 Indigo Company sells one product. Presented below is information for January for Indigo Company. Jan. 1 Inv...
Exercise 8-9 Indigo Company sells one product. Presented below is information for January for Indigo Company. Jan. 1 Inventory 101 units at $4 each 4 Sale 80 units at $8 each 11 Purchase 144 units at $6 each 13 Sale 111 units at $9 each 20 Purchase 156 units at $7 each 27 Sale 100 units at $11 each Indigo uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Indigo uses a periodic system. Prepare...
ASC ASSIGNMENT 7 PARTI company sells one product any sells one product. Presented below are the transaction of th...
ASC ASSIGNMENT 7 PARTI company sells one product any sells one product. Presented below are the transaction of the mon Dates Mar. 11 Transaction Inventory Sale Purchase Sale Purchase Sale 100 units at $5 each 80 units at $8 each 150 units at S6 cach 120 units at $8.75 cach 160 units at $7 each 100 units at $9 each uses the FIFO cost flow assumption. All purchases and sales are on account (a) Duses a periodic system Prepare all...
• 17. Oscar Industries has the following inventory information July 1 Beginning Inventory 40 units at...
• 17. Oscar Industries has the following inventory information July 1 Beginning Inventory 40 units at $110 5 Purchases 240 units at $112 14 Sale 160 units 21 Purchases 120 units at $115 30 Sale 150 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?
Oriole Company sells one product. Presented below is information for January for Oriole Company Jan. 1...
Oriole Company sells one product. Presented below is information for January for Oriole Company Jan. 1 Inventory 4 Sale 11 Purchase 13 Sale 20 Purchase 27 Sale 120 units at $5 each 96 units at $8 each 141 units at $7 each 113 units at $9 each 160 units at $7 each 104 units at $11 each Oriole uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Oriole uses a periodic system. Prepare all necessary...
Exercise 8-09 Whispering Company sells one product. Presented below is information for January for Whispering Company....
Exercise 8-09 Whispering Company sells one product. Presented below is information for January for Whispering Company. Jan. 1 4 11 13 20 27 Inventory Sale Purchase Sale Purchase Sale 111 units at $5 each 90 units at $8 each 159 units at $6 each 130 units at $9 each 149 units at $7 each 85 units at $11 each Whispering uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Whispering uses a periodic system. Prepare...
Pina Company sells one product. Presented below is information for January for Pina Company. Jan. 1...
Pina Company sells one product. Presented below is information for January for Pina Company. Jan. 1 4 11 13 20 27 Inventory Sale Purchase Sale Purchase Sale 123 units at $5 each 98 units at $8 each 136 units at $6 each 103 units at $9 each 169 units at $7 each 108 units at $11 each Pina uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Pina uses a periodic system. Prepare all necessary...
Splish Company sells one product. Presented below is information for January for Splish Company. Jan. 1...
Splish Company sells one product. Presented below is information for January for Splish Company. Jan. 1 Inventory 124 units at $4 each 4 Sale 100 units at $8 each 11 Purchase 162 units at $7 each 13 Sale 134 units at $9 each 20 Purchase 151 units at $7 each 27 Sale 96 units at $11 each Splish uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Splish uses a periodic system. Prepare all necessary...
Assume Store.com began July with 14 units of inventory that cost a total of $210. During...
Assume Store.com began July with 14 units of inventory that cost a total of $210. During July, Store.com purchased and sold goods as follows: (Click the icon to view the purchases and sales.) Under the FIFO inventory costing method and the perpetual inventory system, how much is Store.com's cost of goods sold for the sale on July 147 A. $882 OB. $1,120 C. $560 OD. $546 Jul. 8 Purchase 42 units @ $16 35 units @ $32 Jul. 14 Sale...
ASC ASSIGNMENT 7 PARTI company sells one product any sells one product. Presented below are the transaction of the mon Dates Mar. 11 Transaction Inventory Sale Purchase Sale Purchase Sale 100 units at $5 each 80 units at $8 each 150 units at S6 cach 120 units at $8.75 cach 160 units at $7 each 100 units at $9 each uses the FIFO cost flow assumption. All purchases and sales are on account (a) Duses a periodic system Prepare all...
• 17. Oscar Industries has the following inventory information July 1 Beginning Inventory 40 units at $110 5 Purchases 240 units at $112 14 Sale 160 units 21 Purchases 120 units at $115 30 Sale 150 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?
Oriole Company sells one product. Presented below is information for January for Oriole Company Jan. 1 Inventory 4 Sale 11 Purchase 13 Sale 20 Purchase 27 Sale 120 units at $5 each 96 units at $8 each 141 units at $7 each 113 units at $9 each 160 units at $7 each 104 units at $11 each Oriole uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Oriole uses a periodic system. Prepare all necessary...
Exercise 8-09 Whispering Company sells one product. Presented below is information for January for Whispering Company. Jan. 1 4 11 13 20 27 Inventory Sale Purchase Sale Purchase Sale 111 units at $5 each 90 units at $8 each 159 units at $6 each 130 units at $9 each 149 units at $7 each 85 units at $11 each Whispering uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Whispering uses a periodic system. Prepare...
Pina Company sells one product. Presented below is information for January for Pina Company. Jan. 1 4 11 13 20 27 Inventory Sale Purchase Sale Purchase Sale 123 units at $5 each 98 units at $8 each 136 units at $6 each 103 units at $9 each 169 units at $7 each 108 units at $11 each Pina uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Pina uses a periodic system. Prepare all necessary...
Splish Company sells one product. Presented below is information for January for Splish Company. Jan. 1 Inventory 124 units at $4 each 4 Sale 100 units at $8 each 11 Purchase 162 units at $7 each 13 Sale 134 units at $9 each 20 Purchase 151 units at $7 each 27 Sale 96 units at $11 each Splish uses the FIFO cost flow assumption. All purchases and sales are on account. Assume Splish uses a periodic system. Prepare all necessary...
Assume Store.com began July with 14 units of inventory that cost a total of $210. During July, Store.com purchased and sold goods as follows: (Click the icon to view the purchases and sales.) Under the FIFO inventory costing method and the perpetual inventory system, how much is Store.com's cost of goods sold for the sale on July 147 A. $882 OB. $1,120 C. $560 OD. $546 Jul. 8 Purchase 42 units @ $16 35 units @ $32 Jul. 14 Sale...
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