Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory...
Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 24 units $17 5 Sale 14 units 17 Purchase 25 units $18 30 Sale 27 units Assuming a perpetual Inventory system and the first-in, first-out method, determine (a) the cost of the goods sold for the September 30 sale and (b) the inventory on September 30. a. Cost of goods sold $ 170 b. Inventory, September 30
Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 34 units $16 5 Sale 20 units 17 Purchase 37 units $19 30 Sale 35 units Assuming a perpetual inventory system and the first-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30.
Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 25 units @ $11 5 Sale 13 units 17 Purchase $13 25 units 15 units 30 Sale Assuming a perpetual inventory system and the last-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30.
Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 28 units @ $22 5 Sale 16 units 17 Purchase 29 units @ $23 30 Sale 30 units Assuming a perpetual inventory system and the first-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. $ b. Determine the inventory on September 30. $ Check My Work PreviousNext
Chapter 6. Quiz Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 29 units 5 Sale 17 units 17 Purchase 32 units $16 30 Sale 31 units Assuming a perpetual inventory system and the first in, first-out method, determine (a) the cost of the goods sold for the September 30 sale and (b) the inventory on September 30 a. Cost of goods sold b. Inventory, September 30 $ 192
Beginning inventory, purchases, and sales for Product XCX are as follows: Sep. 1 Beginning Inventory 22 units @ $11 5 Sale 15 units 17 Purchase 27 units @ $13 30 Sale 15 units Assuming a perpetual inventory system and the last-in, first-out method, determine (a) the cost of the goods sold for the September 30 sale and (b) the inventory on September 30. a) Cost of goods sold $ b) Inventory, September 30 $
Chapter 6-Quiz Caloulator Beginning inventory, purchases, and sales for Product XCX are as follows: Sep. 1 Beginning Inventory 23 units $13 5 Sale 13 units 17 Purchase 22 units $16 30 Sale 17 units Assuming a perpetual inventory system and the last-in, first-out method, determine (a) the cost of the goods sold for the September 30 sale and (b) the inventory on September 30. a) Cost of goods sold b) Inventory, September 30
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: 71 units @ $23 Oct. 1 Inventory 7 Sale 51 units 45 units @ $27 15 Purchase 24 Sale 26 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a)the cost of goods sold on October 24 and (b) the inventory on October 31 a. Cost of goods sold on October 24 b. Inventory on October 31 $
Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 53 units @ $23 7 Sale 43 units 15 Purchase 36 units @ $27 24 Sale 15 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 b. Inventory on October 31
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: 67 units @ $25 Oct. 1 7 Inventory Sale 51 units 15 Purchase 69 units @ $26 24 Sale 21 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 9 b. Inventory on October 31...