-
Sarasota Appliance uses a perpetual inventory system. For its
flat-screen television sets, the January 1 inventory was 5 sets at
$655 each. On January 10, Sarasota purchased 8 units at $755 each.
The company sold 2 units on January 8 and 4 units on January
15.
Incorrect answer iconYour answer is incorrect.
Compute the ending inventory under FIFO. (Round
answer to 0 decimal places, e.g. 1,250.)
FIFO
The ending inventory
$
eTextbook and Media
Assistance Used
eTextbook
Incorrect...
-
Sarasota Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $605 each. On January 10, Sarasota purchased 6 units at $745 each. The company sold 2 units on January 8 and 4 units on January 15. Compute the ending inventory under FIFO. (Round answer to 0 decimal places, e.g. 1,250.) FIFO $ The ending inventory eTextbook and Media 0 decimal places, e.g. 1,250.) Compute the ending inventory under LIFO. (Round...
-
Olca Exercise 6-16 (Part Level Submission) Bufford Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $600 each. On January 10, Bufford purchased 6 units at $660 each. The company sold 2 units on January 8 and 4 units on January 15. v (a) Your answer is correct. Compute the ending inventory under FIFO. (Round answer to 0 decimal places, e.g. 1,250.) O LO L 00 Old Slui. FIFO The...
-
Bridgeport Appliance uses a perpetual inventory system. For its
flat-screen television sets, the January 1 inventory was 5 sets at
$575 each. On January 10, Bridgeport purchased 7 units at $710
each. The company sold 2 units on January 8 and 4 units on January
15.
Compute the ending inventory under FIFO.
Compute the ending inventory under LIFO.
Compute the ending inventory under moving-average cost.
-
Oriole Appliance uses a perpetual inventory system. For its
flat-screen television sets, the January 1 inventory was 3 sets at
$390 each. On January 10, Oriole purchased 6 units at $460 each.
The company sold 2 units on January 8 and 5 units on January
15.
Compute the ending inventory under FIFO, LIFO
and ending inventory under moving-average cost
-
Bufford Appliance uses a perpetual inventory system. For its
flat-screen television sets, the January 1 inventory was 3 sets at
$650 each. On January 10, Bufford purchased 7 units at $670 each.
The company sold 2 units on January 8 and 4 units on January
15.
Compute the ending inventory under LIFO
$
-
IS weyqandte Accounting Principles, 13e CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 6-16 a-c Swifty Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $402 each. On January 10, Swifty purchased 6 units at $500 each. The company sold 2 units on January 8 and 5 units on January 15. Your answer is correct. Compute the ending inventory under FIFO. (Round answer to o decimal places, e.g. 1,250.) FIFO The...
-
Question 5 Splish Brothers Inc. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units $118 13 July 1 10 July 6 $126 6 July 11 6 July 14 $136 July 21 July 27 6 X Your answer is incorrect. Try again. Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.)...
-
Sandhill Co. began operations on July 1. It uses a perpetual
inventory system. During July, the company had the following
purchases and sales. Purchases Date Units Unit Cost Sales Units
July 1 5 $170 July 6 3 July 11 6 $184 July 14 5 July 21 7 $195 July
27 5.... Determine the ending inventory under a perpetual inventory
system using (1) FIFO, (2) moving-average cost, and (3) LIFO.
(Round average-cost per unit to 2 decimal places, e.g. 12.52 and...
-
Wildhorse Co. began operations on July 1. It uses a perpetual
inventory system. During July, the company had the following
purchases and sales.
Purchases
Date
Units
Unit Cost
Sales Units
July
1
5
$166
July
6
3
July
11
6
$180
July
14
5
July
21
7
$191
July
27
5
Calculate the average cost per unit at July 1, 6, 11, 14, 21
& 27. (Round answers to 2 decimal places, e.g.
$105.50.)
Average cost for each unit
July...