Homework Answers
Chart
| Date | # of units | Unit Cost | Total Cost | |
| Jan 2nd | Beginning inventory | 60 | 10 | 600 |
| Jan 5 | Purchase | 90 | 11 | 990 |
| Jan 10 | Sale inventory | 130 | ||
Units available for sale = 60+90 = 150 Units
Cost of goods available for sale = 600+990 = 1590
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The following chart provides purchases and sales of inventory. Below is the Inventory activity for your...
Below is the same data presented in Question 3. Date # of Units Unit Cost Jan....
Below is the same data presented in Question 3. Date # of Units Unit Cost Jan. 2nd 60 $10 Jan. 5th Beginning Inv. Purchase Sell Inventory 90 $11 Jan. 10th 130 Assuming your company uses FIFO (First in First out): What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ What is the ending inventory in units? What is the dollar value of ending inventory? $ Below is the same data presented in Question...
Date Jan. 2nd Jan. 5th Jan. 10th # of Units Beginning Inv. 60 Purchase 90 Sell...
Date Jan. 2nd Jan. 5th Jan. 10th # of Units Beginning Inv. 60 Purchase 90 Sell Inventory 130 Unit Cost $10 $11 Assuming your company uses LIFO (Last in First out): What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ not include decimals) What is ending inventory in units ? What is the value of ending inventory? $
Below is the same data presented in Question 3. Date # of Units Beginning 9 60...
Below is the same data presented in Question 3. Date # of Units Beginning 9 60 Unit Cost Jan. 2nd $10 Jan. Purchase 90 $11 5th Jan. 10th Sell Inventory 130 Assuming your company uses LIFO (Last in First out): What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ (do not include decimals) What is ending inventory in units? What is the value of ending inventory? $ Below is the same data presented...
Below is the same data presented in Question 3. Date # of Units Unit Cost Jan....
Below is the same data presented in Question 3. Date # of Units Unit Cost Jan. 2nd 60 $10 Jan. 5th Beginning Inv. Purchase Sell Inventory 90 Jan. 10th 130 Assuming your company uses the weighted average to value Cost of Goods Sold: What is the average cost per unit on Jan. 10th (round to the nearest cent)? $ What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ What is the ending inventory...
Please use the following information for questions 3 - 11. Digital Enterprises uses a perpetual inventory...
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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 230 units @ $53.60 per unit Mar. 5 Purchase 290 units @ $58.60 per unit Mar. 9 Sales 390 units @ $88.60 per unit Mar. 18 Purchase 150 units @ $63.60 per unit Mar. 25 Purchase 280 units @ $65.60 per unit Mar. 29 Sales 260 units @...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail war Units Acquired at Cost 190 units @ $52.80 per unit 270 units 557.30 per unit Date Activities Mar. 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 350 units $87.80 per unit 130 units $62.80 per unit 240 units $64.80 per unit 830 units 220 units $97.80 per...
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Dave's Donuts has the following data available for inventory, purchases, and sales for a recent year: Date Activity Units Purchase per (per unit) Sales price (per unit) Jan. 1 Beginning inventory 13,000 $75 Jan. 22 Purchase 8,500 $77 Apr. 21 Sale 15,000 $148 Apr. 27 Purchase 9,250 $79 Aug. 15 Sale 9,000 $148 Oct. 1 Purchase 11,250 $78.50 Nov. 19 Sale 8,650 $148 Compute cost of goods sold and the cost of ending inventory on December 31 assuming the company...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
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Below is the same data presented in Question 3. Date # of Units Unit Cost Jan. 2nd 60 $10 Jan. 5th Beginning Inv. Purchase Sell Inventory 90 $11 Jan. 10th 130 Assuming your company uses FIFO (First in First out): What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ What is the ending inventory in units? What is the dollar value of ending inventory? $ Below is the same data presented in Question...
Date Jan. 2nd Jan. 5th Jan. 10th # of Units Beginning Inv. 60 Purchase 90 Sell Inventory 130 Unit Cost $10 $11 Assuming your company uses LIFO (Last in First out): What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ not include decimals) What is ending inventory in units ? What is the value of ending inventory? $
Below is the same data presented in Question 3. Date # of Units Beginning 9 60 Unit Cost Jan. 2nd $10 Jan. Purchase 90 $11 5th Jan. 10th Sell Inventory 130 Assuming your company uses LIFO (Last in First out): What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ (do not include decimals) What is ending inventory in units? What is the value of ending inventory? $ Below is the same data presented...
Below is the same data presented in Question 3. Date # of Units Unit Cost Jan. 2nd 60 $10 Jan. 5th Beginning Inv. Purchase Sell Inventory 90 Jan. 10th 130 Assuming your company uses the weighted average to value Cost of Goods Sold: What is the average cost per unit on Jan. 10th (round to the nearest cent)? $ What is the dollar value of Cost of Goods Sold for the Jan. 10th Sale? $ What is the ending inventory...
Please use the following information for questions 3 - 11. Digital Enterprises uses a perpetual inventory system and has the following data available from inventory, purchases, and sales for the month of January: Date Activity Units Sale Price (per unit) Purchase Price (per unit) $4.50 Jan. 01 180 Jan. 07 350 $5.70 Jan. 16 Beg. inventory Purchase 1 Sale 1 Purchase 2 Sale 2 475 $9.70 Jan. 24 510 $6.10 Jan. 30 325 $11.50 Question 3 2 pts Using the...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail war Units Acquired at Cost 190 units @ $52.80 per unit 270 units 557.30 per unit Date Activities Mar. 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 350 units $87.80 per unit 130 units $62.80 per unit 240 units $64.80 per unit 830 units 220 units $97.80 per...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 240 units @ $53.80 per unit Mar. 5 Purchase 295 units @ $58.89 per unit Mar 9 Sales 400 units @ $88.80 per unit Mar. 18 Purchase 155 units @ $63.80 per unit Mar. 25 Purchase 290 units@ $65.80 per unit Mar. 29 Sales 278 units @ $98.80...
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