Homework Answers
Moving Average
DatePurchasesSalesBalance
UnitsPUTotal CostUnitsPUTotal CostUnitsPUTotal Cost
01-Jan 6015900
05-Jan110141540 17014.352440
08-Jan 9014.3512928014.351,148.24
10-Jan -1014.35-143.539014.351291.8
15-Jan3518630 12515.371,921.76
16-Jan-1018-180 11515.151741.765
20-Jan 9015.151,3632515.15378.64
25-Jan1020200 3516.53578.64
Total205 3090170 2,51135 579
FIFO
DatePurchasesSalesBalance
UnitsPUTotal CostUnitsPUTotal CostUnitsPUTotal Cost
01-Jan 6015900
05-Jan110141540 6015900
110141540
08-Jan 6015.009008014.001,120
3014.00420
10-Jan -1014.00-140.009014.001260
15-Jan3518630 90141260
3518630
16-Jan-1014-140 8014.001120
3518630
20-Jan 8014.0011202518.00450.00
1018.00180
25-Jan1020200 2518450
1020200
Total205 3130170 2,48035 650
LIFO
DatePurchasesSalesBalance
UnitsPUTotal CostUnitsPUTotal CostUnitsPUTotal Cost
01-Jan 6015900
05-Jan110141540 6015900
110141540
08-Jan 9014.0012606015900
2014.00280.00
10-Jan -1014.00-140.006015900
3014420
15-Jan3518630 6015900
3014420
3518630
16-Jan-1014-140 6015900
2014280
3518630
20-Jan 3518.006302518.00450.00
2014.00280
3515.00525
25-Jan1020200 2518450
1020200
Total205 3130170 2,55535 575
Add Answer to:
Chewy Inc is a retailer operating in the town. Chewy uses the perpetual inventory method. All...
Chewy Inc is a retailer operating in the town. Chewy uses the perpetual inventory method. All...
Chewy Inc is a retailer operating in the town. Chewy uses the perpetual inventory method. All ales return from the customer result in the goods being returned to inventory, the inventory is not damage. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Chewy Inc. for the month of January 2018. Description Quantity Unit cost or selling price Date $15 14 25 25 January 1 Beginning inventory January...
Chewy Inc is a retailer operating in the town. Chewy uses the perpetual inventory method. All...
Chewy Inc is a retailer operating in the town. Chewy uses the perpetual inventory method. All ales return from the customer result in the goods being returned to inventory, the inventory is not damage. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Chewy Inc. for the month of January 2018. Date Descriptio Quantity Unit cost or selling price January 1 Beginning inventory January 5 Purchase January 8...
Chopstick Inc is a retailer operating in the town. Chopstick uses the perpetual inventory method. All...
Chopstick Inc is a retailer operating in the town. Chopstick uses the perpetual inventory method. All ales return from the customer result in the goods being returned to inventory, the inventory is not damage. Assume that there are no credit transactions, all amounts are settled in cash. You are provided with the following information for Chopstick Inc. for the month of January 2019. Date Description Quantity Unit cost or selling price $15 January 1 January 5 January 8 January 10...
perpetual inventory method. All ales return from the customer result in the goods being returned to...
perpetual inventory method. All ales return from the customer result in the goods being returned to inventory, the inventory is not damage. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Chewy Inc. for the month of January 2018 Date Description Quantity Unit cost or selling price January 1 Beginning inventory January 5 Purchase January 8 Sale January 10 Sales returr January 15 Purchase January 16 Purchase return...
Pharoah Inc. is a retailer operating in British Columbia. Pharoah uses the perpetual inventory method. All...
Pharoah Inc. is a retailer operating in British Columbia. Pharoah uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Pharoah Inc. for the month of January 2020. Unit Cost or Selling Price Quantity 160 224 176 Date January January January January January January January January...
Mercer Inc. is a retailer operating in British Columbia. Mercer uses the perpetual inventory method. All...
Mercer Inc. is a retailer operating in British Columbia. Mercer uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Mercer Inc. for the month of January 2015 Unit Cost or Selling Price Quantity Description Date Beginning inventory $15 18 27 27 20 20 29 21...
Lily Inc. is a retailer operating in British Columbia. Lily uses the perpetual inventory method. All...
Lily Inc. is a retailer operating in British Columbia. Lily
uses the perpetual inventory method. All sales returns from
customers result in the goods being returned to inventory; the
inventory is not damaged. Assume that there are no credit
transactions; all amounts are settled in cash. You are provided
with the following information for Lily Inc. for the month of
January 2020.
Date
Description
Quantity
Unit Cost or Selling Price
January
1
Beginning inventory
100
$13
January
5
Purchase
147...
P6-8B P6-8B Ticotin Inc. is a retailer operating in British Columbia. Ticotin uses the perpetual inventory...
P6-8B
P6-8B Ticotin Inc. is a retailer operating in British Columbia. Ticotin uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory: the inventory is not damaged. Assume that there are no credit transactions, all amounts are settled in cash. You are provided with the following information for Ticotin Inc. for the month of January 2012 Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory $15 January 5 Purchase...
Monty Inc. is a retailer operating in Centralia. Monty uses the perpetual inventory method. All sales...
Monty Inc. is a retailer operating in Centralia. Monty uses the
perpetual inventory method. All sales returns from customers result
in the goods being returned to inventory. (Assume that the
inventory is not damaged.) Assume that there are no credit
transactions; all amounts are settled in cash. You are provided
with the following information for Monty Inc. for the month of
January 2017.
Date
Description
Quantity
Unit Cost or
Selling Price
Dec. 31
Ending inventory
168
$14
Jan. 2
Purchase...
Oriole Company is a retailer operating in Calgary, Alberta. Oriole uses the perpetual inventory method. Assume...
Oriole Company is a retailer operating in Calgary, Alberta.
Oriole uses the perpetual inventory method. Assume that there are
no credit transactions; all amounts are settled in cash. You are
provided with the following information for Oriole for the month of
January 2022.
Dec.31 Ending Inventory - 175 units - $20 each
Jan 2. Purchase - 105 units - $28 each
Jan 6. Sale 193 units - $44 each
Jan 9. Purchase 58 units - $25 each
Jan 10. Sale...
Chewy Inc is a retailer operating in the town. Chewy uses the perpetual inventory method. All ales return from the customer result in the goods being returned to inventory, the inventory is not damage. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Chewy Inc. for the month of January 2018. Description Quantity Unit cost or selling price Date $15 14 25 25 January 1 Beginning inventory January...
Chewy Inc is a retailer operating in the town. Chewy uses the perpetual inventory method. All ales return from the customer result in the goods being returned to inventory, the inventory is not damage. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Chewy Inc. for the month of January 2018. Date Descriptio Quantity Unit cost or selling price January 1 Beginning inventory January 5 Purchase January 8...
Chopstick Inc is a retailer operating in the town. Chopstick uses the perpetual inventory method. All ales return from the customer result in the goods being returned to inventory, the inventory is not damage. Assume that there are no credit transactions, all amounts are settled in cash. You are provided with the following information for Chopstick Inc. for the month of January 2019. Date Description Quantity Unit cost or selling price $15 January 1 January 5 January 8 January 10...
perpetual inventory method. All ales return from the customer result in the goods being returned to inventory, the inventory is not damage. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Chewy Inc. for the month of January 2018 Date Description Quantity Unit cost or selling price January 1 Beginning inventory January 5 Purchase January 8 Sale January 10 Sales returr January 15 Purchase January 16 Purchase return...
Pharoah Inc. is a retailer operating in British Columbia. Pharoah uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Pharoah Inc. for the month of January 2020. Unit Cost or Selling Price Quantity 160 224 176 Date January January January January January January January January...
Mercer Inc. is a retailer operating in British Columbia. Mercer uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Mercer Inc. for the month of January 2015 Unit Cost or Selling Price Quantity Description Date Beginning inventory $15 18 27 27 20 20 29 21...
Lily Inc. is a retailer operating in British Columbia. Lily
uses the perpetual inventory method. All sales returns from
customers result in the goods being returned to inventory; the
inventory is not damaged. Assume that there are no credit
transactions; all amounts are settled in cash. You are provided
with the following information for Lily Inc. for the month of
January 2020.
Date
Description
Quantity
Unit Cost or Selling Price
January
1
Beginning inventory
100
$13
January
5
Purchase
147...
P6-8B
P6-8B Ticotin Inc. is a retailer operating in British Columbia. Ticotin uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory: the inventory is not damaged. Assume that there are no credit transactions, all amounts are settled in cash. You are provided with the following information for Ticotin Inc. for the month of January 2012 Date Description Quantity Unit Cost or Selling Price January 1 Beginning inventory $15 January 5 Purchase...
Monty Inc. is a retailer operating in Centralia. Monty uses the
perpetual inventory method. All sales returns from customers result
in the goods being returned to inventory. (Assume that the
inventory is not damaged.) Assume that there are no credit
transactions; all amounts are settled in cash. You are provided
with the following information for Monty Inc. for the month of
January 2017.
Date
Description
Quantity
Unit Cost or
Selling Price
Dec. 31
Ending inventory
168
$14
Jan. 2
Purchase...
Oriole Company is a retailer operating in Calgary, Alberta.
Oriole uses the perpetual inventory method. Assume that there are
no credit transactions; all amounts are settled in cash. You are
provided with the following information for Oriole for the month of
January 2022.
Dec.31 Ending Inventory - 175 units - $20 each
Jan 2. Purchase - 105 units - $28 each
Jan 6. Sale 193 units - $44 each
Jan 9. Purchase 58 units - $25 each
Jan 10. Sale...
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