Multiple Choice
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$640
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$800
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$800
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$960
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$1,000
Homework Answers
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Multiple Choice
$640
$800
$800
$960
$1,000
Given the following information, determine the cost of the...
Given the following information, determine the cost of the inventory at June 30 using the LIFO...
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. 50 units at $20 each June 1 Beginning inventory June 15 Sale of 42 units for $50 each June 29 Purchase The cost of the ending inventory is: 42 units at $25 each Multiple Choice 0 $1,250 $1,050 $840 $1,000
Help Save & Exit Submit Given the following information, determine the cost of the inventory at...
Help Save & Exit Submit Given the following information, determine the cost of the inventory at June 30 using the perpetual LIFO inventory method June 1 Beginning inventory 20 units at $20 Bach Sale of 12 units for $50 each 12 units at $25 June 29 Purchase each June 15 The cost of the ending inventory is Multiple Choice $240 $500 ooooo $300 $400 O $460 Prey 34 of 47 Next >
Given the following information, determine the cost of the inventory at June 30 using the LIFO...
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1 26 units at $20 each points June 15 Beginning inventory Sale of 18 units for $50 each Purchase (8 02:50 June 29 18 units at $25 each The cost of the ending inventory is
Given the following information, determine the cost of the inventory at June 30 using the LIFO...
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1 Beginning inventory 15 units at $20 each June 15 Sale of 6 units for $50 each June 29 Purchase 8 units at $25 each The cost of the ending inventory is: $200 $220 $380 $275 $300
Given the following information, determine the cost of the inventory at June 30 using the LIFO...
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method June 1 Beginning inventory Η 30 units at $20 each Sale of 22 units for June 15 $50 each June 29 Purchase 22 units at $25 each The cost of the ending inventory is ο ο ο ο ο
over the TONIOWIng Information, determine the cost of the inventory at 34 units at $20 June...
over the TONIOWIng Information, determine the cost of the inventory at 34 units at $20 June 1 Beginning inventory each Sale of 26 units for June 15 $50 each June 29 Purchase 26 units at $25 each
Cost/selling price Units 3. June $1.00 $1.10 $1.50 $1.20 $1.30 $1.50 1 Inventory 6 Purchase Sale...
Cost/selling price Units 3. June $1.00 $1.10 $1.50 $1.20 $1.30 $1.50 1 Inventory 6 Purchase Sale 50 units 50 units 70 units 150 units 100 units 210 units 10 13 Purchase Purchase Sale 20 30 Required: Using perpetual inventory system, compute ending inventory balance, cost of goods sold and gross margin under FIFO. (25 % ) Units Cost/sellins.price 1 Beginning inventory 4 Purchase June $30 33 60 300 800 8 Sale 12 Purchase 16 Sale 20 Sale 400 1,000 700...
Required information (The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual...
Required information (The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 70 units @ $50.40 per unit 210 units @ $55.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 230 units @ $85.40 per unit 70 units @...
Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 The following information applies to the...
Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for March lonn I w Unita Sold at Retail Activities Beginning inventory Unita Mequired at Coat 100 units $50.00 per unit 420 units $85.00 per unit 200 units $62.00 per upit 160 units 595.00 per unit Problem 6-1A Part 3 3. Compute the cost assigned...
Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [The following information applies...
Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 170 units @ $52.40 per unit 260 units @ $57.40 per unit 330 units @ $87.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar 18 Purchase...
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. 50 units at $20 each June 1 Beginning inventory June 15 Sale of 42 units for $50 each June 29 Purchase The cost of the ending inventory is: 42 units at $25 each Multiple Choice 0 $1,250 $1,050 $840 $1,000
Help Save & Exit Submit Given the following information, determine the cost of the inventory at June 30 using the perpetual LIFO inventory method June 1 Beginning inventory 20 units at $20 Bach Sale of 12 units for $50 each 12 units at $25 June 29 Purchase each June 15 The cost of the ending inventory is Multiple Choice $240 $500 ooooo $300 $400 O $460 Prey 34 of 47 Next >
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1 26 units at $20 each points June 15 Beginning inventory Sale of 18 units for $50 each Purchase (8 02:50 June 29 18 units at $25 each The cost of the ending inventory is
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method June 1 Beginning inventory Η 30 units at $20 each Sale of 22 units for June 15 $50 each June 29 Purchase 22 units at $25 each The cost of the ending inventory is ο ο ο ο ο
over the TONIOWIng Information, determine the cost of the inventory at 34 units at $20 June 1 Beginning inventory each Sale of 26 units for June 15 $50 each June 29 Purchase 26 units at $25 each
Cost/selling price Units 3. June $1.00 $1.10 $1.50 $1.20 $1.30 $1.50 1 Inventory 6 Purchase Sale 50 units 50 units 70 units 150 units 100 units 210 units 10 13 Purchase Purchase Sale 20 30 Required: Using perpetual inventory system, compute ending inventory balance, cost of goods sold and gross margin under FIFO. (25 % ) Units Cost/sellins.price 1 Beginning inventory 4 Purchase June $30 33 60 300 800 8 Sale 12 Purchase 16 Sale 20 Sale 400 1,000 700...
Required information (The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 70 units @ $50.40 per unit 210 units @ $55.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 230 units @ $85.40 per unit 70 units @...
Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for March lonn I w Unita Sold at Retail Activities Beginning inventory Unita Mequired at Coat 100 units $50.00 per unit 420 units $85.00 per unit 200 units $62.00 per upit 160 units 595.00 per unit Problem 6-1A Part 3 3. Compute the cost assigned...
Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 170 units @ $52.40 per unit 260 units @ $57.40 per unit 330 units @ $87.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar 18 Purchase...
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