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Problem 6-4A (Part Level Submission) You are given the following information for Wildhorse Company for the...
Problem 6-3A (Part Level Submission) You are given the following information for Sheridan Company for the...
Problem 6-3A (Part Level Submission) You are given the following information for Sheridan Company for the month ended November 30, 2017: Date Description Units Unit Price Nov. 1 Beginning inventory 65 $48 9 Purchase 110 45 15 Sale (120) 22 Purchase 145 44 29 Sale (150) 30 Purchase 42 42 Sheridan Company uses a perpetual inventory system. All sales and purchases are on account. Assume the sales price was $66 per unit for the goods sold on November 15, and...
Question B "Problem 6-3A (Part Level Submission) You are given the following information for Sheridan Company...
Question B
"Problem 6-3A (Part Level Submission) You are given the following information for Sheridan Company for the month ended November 30, 2017: Description 22 Puch Sheridan Company uses a perpetual inventory system. All sales and purchases are on account. *(a) Your answer is correct. Calculate the cost of goods sold and the ending inventory using FIFO. (Round answers to o decimal places, e.g. 5,275.) 120 Costoso Ending inventory Alem of used "(b) Your answer is partially correct. Try again....
CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 5-15 (Part Level Submission) Wildhorse...
CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 5-15 (Part Level Submission) Wildhorse Co. sells a snowboard, Eslide, that is popular with snowboard enthusiasts. Below is information relating to Wildhorse Co.'s purchases of same month, 116 slide snowboards were sold. slide snowboards during September. During the Units Unit Cost $110 Total Cost $1,650 Date Sept. 1 Sept. 12 Sept. 19 Sept. 25 Explanation Inventory purchases Purchases Purchases Totals 114 6,612 2,645 Additional data regarding the company's sales...
Exercise 6-09 a1,a2, b (Part Level Submission) Sheffield Company reports the following for the month of...
Exercise 6-09 a1,a2, b (Part Level
Submission)
Sheffield Company reports the following for the month of
June.
Units
Unit Cost
Total Cost
June 1
Inventory
210
$8
$ 1,680
12
Purchase
430
9
3,870
23
Purchase
360
10
3,600
30
Inventory
200
(a1)
Your answer is correct.
Calulate Weighted Average Unit Cost. (Round answer to 2
decimal places, e.g. 15.25.)
Weighted Average Unit Cost
$
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Problem 6-5A (Part Level Submission) You are provided with the following information for Koetteritz Inc. for...
Problem 6-5A (Part Level Submission) You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2017. Koetteritz uses the periodic method for inventory. Unit Cost or Selling Price Date Quantity $40 June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase (a ) Your answer is partially correct. Try again. Calculate ending inventory, cost of goods...
Problem 6-05A a1-a3, b (Part Level Submission) (Video) You are provided with the following information for...
Problem 6-05A a1-a3, b (Part Level Submission) (Video) You are provided with the following information for Larkspur Inc. for the month ended June 30, 2020. Larkspur uses the periodic method for inventory. Date Description Quantity Unit Cost or Selling Price June 1 Beginning inventory 45 $42 June 4 Purchase 136 46 June 10 Sale 113 69 June 11 Sale return 15 69 June 18 Purchase 54 48 June 18 Purchase return 12 48 June 25 Sale 68 74 June 28...
Application Problem 7-6A a-b (Part Level Submission) The following information relates to Glassworks Ltd.'s inventory transactions...
Application Problem 7-6A a-b (Part Level Submission) The following information relates to Glassworks Ltd.'s inventory transactions during the month of July. July 1 4 8 14 22 28 Beginning inventory Purchase Sale Sale Purchase Sale Units Cost/Unit Amount 4,300 $12.00 $51,600 5,700 $13.00 74,100 6,600 1,400 4,690 $12.50 59,094 2,970 All of the units sold were priced at $18 per unit. (a) Glassworks Ltd, uses the perpetual inventory system. Calculate Glassworks' cost of goods sold, gross margin, and ending inventory...
pt1 pt2 pt.3 Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of...
pt1
pt2
pt.3
Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per Cost of Goods Available for Sale Cost per unit # of units Cost of Goods Sold unit # of units Cost Ending per unit Inventory Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct.6 Total ES Sales revenue Gross profit...
Weighted-Average Cost: Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following...
Weighted-Average Cost:
Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. 44 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units Unit Cost $ 36 124 194 104 38 41 Total Cost $ 1,584 4,712 7,954 4,368 $18,618 466 For the entire year, the company sells 413 units of inventory...
Problem 6-03A a, b1-b2, c (Part Level Submission) (Video) Crane Company had a beginning inventory on...
Problem 6-03A a, b1-b2, c (Part Level Submission)
(Video)
Crane Company had a beginning inventory on January 1 of 160 units
of Product 4-18-15 at a cost of $20 per unit. During the year, the
following purchases were made.
Mar. 15
400 units
at
$24
Sept. 4
300 units
at
$33
July 20
220 units
at
$28
Dec. 2
100 units
at
$30
980 units were sold. Crane Company uses a periodic inventory
system.
(a)
Your answer is correct.
Determine...
Question B
"Problem 6-3A (Part Level Submission) You are given the following information for Sheridan Company for the month ended November 30, 2017: Description 22 Puch Sheridan Company uses a perpetual inventory system. All sales and purchases are on account. *(a) Your answer is correct. Calculate the cost of goods sold and the ending inventory using FIFO. (Round answers to o decimal places, e.g. 5,275.) 120 Costoso Ending inventory Alem of used "(b) Your answer is partially correct. Try again....
CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 5-15 (Part Level Submission) Wildhorse Co. sells a snowboard, Eslide, that is popular with snowboard enthusiasts. Below is information relating to Wildhorse Co.'s purchases of same month, 116 slide snowboards were sold. slide snowboards during September. During the Units Unit Cost $110 Total Cost $1,650 Date Sept. 1 Sept. 12 Sept. 19 Sept. 25 Explanation Inventory purchases Purchases Purchases Totals 114 6,612 2,645 Additional data regarding the company's sales...
Exercise 6-09 a1,a2, b (Part Level
Submission)
Sheffield Company reports the following for the month of
June.
Units
Unit Cost
Total Cost
June 1
Inventory
210
$8
$ 1,680
12
Purchase
430
9
3,870
23
Purchase
360
10
3,600
30
Inventory
200
(a1)
Your answer is correct.
Calulate Weighted Average Unit Cost. (Round answer to 2
decimal places, e.g. 15.25.)
Weighted Average Unit Cost
$
Click if you would like to
Show Work for this question:
Open Show Work
SHOW...
Problem 6-5A (Part Level Submission) You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2017. Koetteritz uses the periodic method for inventory. Unit Cost or Selling Price Date Quantity $40 June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase (a ) Your answer is partially correct. Try again. Calculate ending inventory, cost of goods...
Application Problem 7-6A a-b (Part Level Submission) The following information relates to Glassworks Ltd.'s inventory transactions during the month of July. July 1 4 8 14 22 28 Beginning inventory Purchase Sale Sale Purchase Sale Units Cost/Unit Amount 4,300 $12.00 $51,600 5,700 $13.00 74,100 6,600 1,400 4,690 $12.50 59,094 2,970 All of the units sold were priced at $18 per unit. (a) Glassworks Ltd, uses the perpetual inventory system. Calculate Glassworks' cost of goods sold, gross margin, and ending inventory...
pt1
pt2
pt.3
Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per Cost of Goods Available for Sale Cost per unit # of units Cost of Goods Sold unit # of units Cost Ending per unit Inventory Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct.6 Total ES Sales revenue Gross profit...
Weighted-Average Cost:
Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. 44 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units Unit Cost $ 36 124 194 104 38 41 Total Cost $ 1,584 4,712 7,954 4,368 $18,618 466 For the entire year, the company sells 413 units of inventory...
Problem 6-03A a, b1-b2, c (Part Level Submission)
(Video)
Crane Company had a beginning inventory on January 1 of 160 units
of Product 4-18-15 at a cost of $20 per unit. During the year, the
following purchases were made.
Mar. 15
400 units
at
$24
Sept. 4
300 units
at
$33
July 20
220 units
at
$28
Dec. 2
100 units
at
$30
980 units were sold. Crane Company uses a periodic inventory
system.
(a)
Your answer is correct.
Determine...
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