Homework Answers
| Purchases | cost of merchandise sold | inventory | |||||||
| Date | quantity | unit cost | total cost | quantity | unit cost | total cost | quantity | unit cost | total cost |
| Jan 1 | 30000 | 30.00 | 900000 | ||||||
| Mar 18 | 24000 | 30.00 | 720000 | 6000 | 30.00 | 180000 | |||
| May 2 | 54000 | 31.00 | 1674000 | 60000 | 30.90 | 1854000 | |||
| Aug 9 | 45000 | 30.90 | 1390500 | 15000 | 30.90 | 463500 | |||
| Oct 20 | 21000 | 32.10 | 674100 | 36000 | 31.60 | 1137600 | |||
| Balances | 2110500 | 36000 | 31.60 | 1137600 | |||||
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please diregard that photo (exibit 3).
Entries and Perpetual Inventory Account (FIFO) EXHIBIT 3 Item 1278...
EX 7-8 Weighted average cost flow method under perpetual inventory system The following units of a...
EX 7-8 Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar war Inventory Sale Jan. 1 Mar. 18 May 2 Aug. 9 Oct. 20 Purchase Sale Purchase 30,000 units at $30.00 24,000 units 54,000 units at $31.00 45,000 units 21,000 units at $32.10 The firm uses the weighted average cost method with a perpetual inventory system Determine the cost of merchandise sold for each sale and...
Rewards ACCESS-Login Page BC Bookstone elook Show Me How Calculator Print Rem Weighted Average Cost Flow...
Rewards ACCESS-Login Page BC Bookstone elook Show Me How Calculator Print Rem Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular tem were available for sale during the calendar year Jan. 1 Inventory 30,000 units at $30.00 Mar 18 Sale 24,000 units May 2 Purchase 54,000 unts at $31.00 Aug. 9 Sale 45,000 units Oct. 20 Purchase 21,000 units at $32.10 The fiem uses the weighted average cest method with a perpetual inventory system....
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 72 units @ $79 10 Sale 60 units Purchase 42 units @ $82 20 Sale 19 units 24 Sale 22 units Purchase 35 units @ $85 The business maintains a perpetual inventory system, costing by the first-in, first-out method. 30 Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data...
Perpetual Inventory Using LIFO Beginning inventory has ales data for portate ame players are as follows...
Perpetual Inventory Using LIFO Beginning inventory has ales data for portate ame players are as follows 77 units 10 Sale 15 Purchase 95 units $103 Sobe 54 units 20 24 Sale 16 units 70 Perchase 30 units 5109 The business maintains a perpetui tary system, costing by the last fest-out method Determine the c h andise sold for each the ory once reach penting the data in the form e d intohibit 4. Under UFO, W w e inventory at...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory S7 units @ $95 10 Sale 40 units Purchase 29 units $101 Sale 22 units Sale 11 units 30 Purchase 27 units $105 The business maintains a perpetual inventory system, costing by the first in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after eac sale, presenting the data in the form...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 70 units @ $84 46 units 10 15 Sale Purchase 89 units @ $87 20 Sale 52 units Sale 14 units 30 Purchase 37 units @ $92 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are Apr....
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are Apr. 1 Inventory 55 units $98 Sale 41 units Purchase 67 units $104 Sale 38 units 10 20 24 Sale 9 units Purchase 25 units $108 The business maintains a perpetual inventory system, costing by the last-In, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4...
FIFO perpetual inventory Instructions FIFO Chart of Accounts Journal Final Questions Instructions The beginning inventory at...
FIFO perpetual inventory Instructions FIFO Chart of Accounts Journal Final Questions Instructions The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as follows: Date Transaction Per Unit $58.00 Total $150,800 Jan. Inventory 66.00 475,200 10 28 30 Purchase Sale Sale 8 8 Feb Sale 8 8 Number of Units 2,600 7.200 3,950 1,300 500 17,500 9,200 8,000 14,400 10,100 3,300 7,900 8 10 16 28 5 14 25 30...
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 $150 $5,400 8 Purchase 72 180 12,960 11 Sale 48 500 24,000 30 Sale 30 500 15,000 May 8 Purchase 60 200 12,000 10 Sale 36 500 18,000 19 Sale 18 500 9,000 28 Purchase 60 220 13,200 June 5 Sale...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as...
Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales data for portable DVD
players are as follows:
Apr. 1
Inventory
42 units @ $92
10
Sale
31 units
15
Purchase
22 units @ $97
20
Sale
18 units
24
Sale
10 units
30
Purchase
36 units @ $102
The business maintains a perpetual inventory system, costing by
the first-in, first-out method.
Determine the cost of the merchandise sold for each sale and the
inventory balance after each sale, presenting the...
EX 7-8 Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar war Inventory Sale Jan. 1 Mar. 18 May 2 Aug. 9 Oct. 20 Purchase Sale Purchase 30,000 units at $30.00 24,000 units 54,000 units at $31.00 45,000 units 21,000 units at $32.10 The firm uses the weighted average cost method with a perpetual inventory system Determine the cost of merchandise sold for each sale and...
Rewards ACCESS-Login Page BC Bookstone elook Show Me How Calculator Print Rem Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular tem were available for sale during the calendar year Jan. 1 Inventory 30,000 units at $30.00 Mar 18 Sale 24,000 units May 2 Purchase 54,000 unts at $31.00 Aug. 9 Sale 45,000 units Oct. 20 Purchase 21,000 units at $32.10 The fiem uses the weighted average cest method with a perpetual inventory system....
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 72 units @ $79 10 Sale 60 units Purchase 42 units @ $82 20 Sale 19 units 24 Sale 22 units Purchase 35 units @ $85 The business maintains a perpetual inventory system, costing by the first-in, first-out method. 30 Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data...
Perpetual Inventory Using LIFO Beginning inventory has ales data for portate ame players are as follows 77 units 10 Sale 15 Purchase 95 units $103 Sobe 54 units 20 24 Sale 16 units 70 Perchase 30 units 5109 The business maintains a perpetui tary system, costing by the last fest-out method Determine the c h andise sold for each the ory once reach penting the data in the form e d intohibit 4. Under UFO, W w e inventory at...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory S7 units @ $95 10 Sale 40 units Purchase 29 units $101 Sale 22 units Sale 11 units 30 Purchase 27 units $105 The business maintains a perpetual inventory system, costing by the first in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after eac sale, presenting the data in the form...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 70 units @ $84 46 units 10 15 Sale Purchase 89 units @ $87 20 Sale 52 units Sale 14 units 30 Purchase 37 units @ $92 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are Apr. 1 Inventory 55 units $98 Sale 41 units Purchase 67 units $104 Sale 38 units 10 20 24 Sale 9 units Purchase 25 units $108 The business maintains a perpetual inventory system, costing by the last-In, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4...
FIFO perpetual inventory Instructions FIFO Chart of Accounts Journal Final Questions Instructions The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as follows: Date Transaction Per Unit $58.00 Total $150,800 Jan. Inventory 66.00 475,200 10 28 30 Purchase Sale Sale 8 8 Feb Sale 8 8 Number of Units 2,600 7.200 3,950 1,300 500 17,500 9,200 8,000 14,400 10,100 3,300 7,900 8 10 16 28 5 14 25 30...
Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales data for portable DVD
players are as follows:
Apr. 1
Inventory
42 units @ $92
10
Sale
31 units
15
Purchase
22 units @ $97
20
Sale
18 units
24
Sale
10 units
30
Purchase
36 units @ $102
The business maintains a perpetual inventory system, costing by
the first-in, first-out method.
Determine the cost of the merchandise sold for each sale and the
inventory balance after each sale, presenting the...
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