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Exercise 8-18 The following information is for the inventory of mini-kettles at Funnell Company Limited for...
Exercise 8-18 The following information is for the inventory of mini-kettles at Bridgeport Company Limited for the month of May. Date Transaction Units In Unit Cost Total Units Sold Unit Price Total May 1 Balance 130 $4.40 $572 6 Purchase 850 4.40 3,740 7 Sale 330 $7.40 $2,442 10 Sale 330 7.60 2,508 12 Purchase 430 4.80 2,064 15 Sale 250 7.80 1,950 18 Purchase 330 4.80 1,584 22 Sale 430 7.80 3,354 25 Purchase 520 4.60 2,392 30 Sale...
E8.11 (LO3) (Compute FIFO and Average-Cost—Periodic) The following information is related to radios for the Couples Company for the month of July. Date Transaction Units In Units Cost Total Units Sold Selling Price Total July 1 Balance 100 $4.10 $ 410 6 Purchase 800 4.30 3,440 7 Sale 300 $7.00 $ 2,100 10 Sale 300 7.30 2,190 12 Purchase 400 4.51 1,804 15 Sale 200 7.40 1,480 18 Purchase 300 4.60 1,380 22 Sale 400 7.40 2,960 25 Purchase 500 ...
Exercise 8-17 The following information is for the inventory of mini-kettles at Concord Company Limited for the month of May: Date Transaction Units In Unit Cost Total Units Sold Unit Price Total May 1 Balance 100 $4.20 $420 6 Purchase 810 4.40 3,564 7 Sale 310 $7.00 $2,170 10 Sale 310 7.40 2,294 12 Purchase 450 5.00 2,250 15 Sale 250 8.00 2,000 18 Purchase 300 4.80 1,440 22 Sale 450 7.80 3,510 25 Purchase 520 4.40 2,288 30 Sale...
The following information is for the inventory of mini-kettles at Concord Company Limited for the month of May: Date Transaction Units In Unit Cost Total Units Sold Unit Price Total May 1 Balance 140 $4.20 $588 6 Purchase 850 4.20 3,570 7 Sale 320 $7.20 $2,304 10 Sale 320 7.40 2,368 12 Purchase 420 5.00 2,100 15 Sale 240 8.00 1,920 18 Purchase 320 4.80 1,536 22 Sale 420 7.80 3,276 25 Purchase 500 4.40 2,200 30 Sale 240 7.60...
$4,10 6 100 800 E8.11 (103) (Compute FIFO and Average-Cost-Periodic) The following information is related to radios for the Couples Company for the month of July Units Units Selling Date Transaction Units In Cost Total Sold Price Total July 1 Balance $410 Purchase 4.30 3,440 Sale $7.00 $ 2.100 Sale 7.30 2.190 Purchase 1.804 15 Sale 7.40 1.480 Purchase 300 1,380 22 Sale 2.960 25 Purchase 500 4.58 2,290 30 Sale 200 7.50 1,500 Totals 2,100 $9,324 1.400 $10,230 4.51...
Kaleta Company uses the perpetual inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $5 $1,000 12 Purchase 400 6 2,400 23 Purchase 300 7 2,100 30 Inventory 100 Assume a sale of 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on June 27 for $9. Calculate the cost of the ending inventory and the cost of...
Brief Exercise 6A-4 The following is a record of Windsor Company's transactions for the month of May 2017 May 1 12 Balance 410 units @ $22 Purchase 570 units @ $25 May 10 20 Sale 300 units @ $39 Sale 510 units @ $39 Compute the cost of ending inventory using the moving-average method. (Round average cost per unit to 3 decimal places, Ending inventory $ LINK TO TEXT Brief Exercise 6A-3 The following is a record of Teal Company's...
Exercise 6-17 (Part Level Submission) Kaleta Company uses the perpetual inventory system and reports the following for the month of June. Date Unit Cost June 1 12 Explanation Inventory Purchase Purchase Inventory Units 200 400 Total Cost $1,000 2,400 2,100 6 7 23 300 30 100 OLCA! O LOULOU O olluin - 0 C El O CLIC Assume a sale of 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on...
Problem 6-4A (Part Level Submission) You are given the following information for Wildhorse Company for the month ended November 30, 2017: Unit Price 44 Date Description Nov. 1 Beginning inventory 9 Purchase 15 Sale 22 Purchase 29 Sale 30 Purchase Units 56 110 (115) 145 (160) 43 Wildhorse Company uses a perpetual inventory system. All sales and purchases are on account. v (a) Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted decimal...
More & More Limited uses a periodic inventory system. On June 24, the company sold 600 units. The following additional information is available: June 1 inventory June 15 purchase June 23 purchase Units 200 400 400 1,000 Unit Total Cost Cost $12 $2,400 14 5,600 156,000 $14,000 (a) Calculate the June 30 inventory and the June cost of goods sold, using the weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 5.27 and final...