Question

LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are asRequired: 1, Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the oneJune 16 June 21 June 28 $ $ June 30 Balances 2. Determine the total sales, the total cost of goods sold, and the gross profit.....................

0 0
Add a comment Improve this question Transcribed image text
Answer #1

* the beginning inventory at Dunnes co. 17 unit Dunneco schedule of cost of Good sold - LIFO method for the three month endedPurchase unit TOTCH louantly cost cost 198 600 1,18800 19 0802/ COSTOf Good sold snuentory Torch unit Total Quantity cost cos

Add a comment
Know the answer?
Add Answer to:
..................... LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for...

    LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 66 $ 300 $ 19,800 8 Purchase 132 360 47,520 11 Sale 88 1,000 88,000 30 Sale 55 1,000 55,000 May 8 Purchase 110 400 44,000 10 Sale 66 1,000 66,000 19 Sale 33 1,000 33,000 28 Purchase 110 440 48,400 June 5 Sale 66 1,050 69,300...

  • LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for...

    LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 84 $450 $37,800 Purchase 168 540 90,720 11 Sale 113 1,500 169,500 Sale 30 71 1,500 106,500 May 8 Purchase 140 600 84,000 Sale 10 84 1,500 126,000 19 Sale 42 1,500 63,000 28 Purchase 140 660 92,400 June 5 Sale 84 1,575 132,300 16 Sale 112...

  • LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period a...

    LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 54 $ 225 $ 12,150 8 Purchase 108 270 29,160 11 Sale 72 750 54,000 30 Sale 45 750 33,750 May 8 Purchase 90 300 27,000 10 Sale 54 750 40,500 19 Sale 27 750 20,250 28 Purchase 90 330 29,700 June 5 Sale 54 790 42,660...

  • LIFO Perpetual Inventory The beginning inventory for Dunne Co. and data on purchases and sales for...

    LIFO Perpetual Inventory The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 25 $1,200 $30,000 8 Purchase 75 1,240 93,000 11 Sale 40 2,000 80,000 30 Sale 30 2,000 60,000 May 8 Purchase 60 1,260 75,600 10 Sale 50 2,000 100,000 19 Sale 20 2,000 40,000 28 Purchase 80 1,260 100,800 June 5 Sale 40 2,250 90,000 16 Sale...

  • LIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and...

    LIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 78 $450 $35,100 8 Purchase 156 540 84,240 11 Sale 105 1,500 157,500 30 Sale 66 1,500 99,000 May 8 Purchase 130 600 78,000 10 Sale 78 1,500 117,000 19 Sale 39 1,500 58,500 28 Purchase 130 660 85,800 June 5 Sale...

  • FIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and...

    FIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 36 $375 $13,500 8 Purchase 72 450 32,400 11 Sale 48 1,250 60,000 30 Sale 30 1,250 37,500 May 8 Purchase 60 500 30,000 10 Sale 36 1,250 45,000 19 Sale 18 1,250 22,500 28 Purchase 60 550 33,000 June 5 Sale...

  • LIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and...

    LIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 84 $525 $44,100 8 Purchase 168 630 105,840 11 Sale 113 1,750 197,750 30 Sale 71 1,750 124,250 May 8 Purchase 140 700 98,000 10 Sale 84 1,750 147,000 19 Sale 42 1,750 73,500 28 Purchase 140 770 107,800 June 5 Sale...

  • Weighted average method cost LIFO Perpetual Inventory The beginning inventory for Dunne Co. and data on purchases...

    Weighted average method cost LIFO Perpetual Inventory The beginning inventory for Dunne Co. and data on purchases and sales for a Number of Units Date Transaction Per Unit Total Apr. 3 Inventory $1,200 8 Purchase 1,240 $30,000 93,000 80,000 60,000 11 Sale 2,000 30 Sale May 8 10 2,000 1,260 2,000 Sale 19 28 June 5 Sale Purchase Sale 2,000 1,260 75,600 100,000 40,000 100,800 90,000 16 Sale 56,250 2,250 252,250 1,264 2,250 21 Purchase 44,240 28 Sale 99,000 Legg...

  • eBook Show Me How Calculator FIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases an...

    eBook Show Me How Calculator FIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Number of Units Transaction Inventory Purchase Sale Apr. 3 8 11 Per Unit $375 450 Total $29,250 1,250 30 Sale 1,250 500 May 8 10 19 Purchase Sale Sale 1,250 70,200 130,000 81,250 65,000 97,500 48,750 71,500 102,570 136,760 1,250 550 28 Purchase 130 June 5 Sale 1,315 16...

  • FIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and...

    FIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 66 $225 $14,850 8 Purchase 132 270 35,640 11 Sale 88 750 66,000 30 Sale 55 750 41,250 May 8 Purchase 110 300 33,000 10 Sale 66 750 49,500 19 Sale 33 750 24,750 28 Purchase 110 330 36,300 June 5 Sale...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT