how is C & D calculated? 2. Matlock Corporation sells item A as part of its...
I need the answers ASAP 8. ---Perpetual LIFO and Periodic FIFO. Matlock Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Unit Price Date Purchased Sold Balance of Purchase January 11 400 $4.65 January 24 1,300 1,700 $4.90 February 8 300 1,400 March 16 560 840 June 11 600 1,440 $5.10 Instructions (a)...
Ivanhoe Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Unit Price of Purchase $4.60 $4.8 Date January 11 January 24 February 8 March 16 June 11 Purchased Sold Balance 480 1,310 - 1,790 - 380 1,410 - 570 840 670 - 1,510 $5.2 Compute the ending inventory at June 30 under the...
Testbank Exercise 154 Sandhill Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Unit Price of Purchase $4.50 $4.8 Date January 11 January 24 February 8 March 16 June 11 Purchased Sold Balance - 440 1,330 1,770 - 340 1,430 - 610 820 620 - 1,440 $5.2 Compute the ending inventory at June...
Inventory information for Part 311 of Marigold Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 302 units @ $11 803 units @ $13 498 units @ $14 June 10 15 27 Sold Sold Sold 198 units e$27 498 units @ $28 296 units @ $30 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (2) FIFO LIFO...
Neverstop Corporation sells item A as part of its product line. Information about the beginning inventory, purchases, and sales of item A are given in the following table for the first six months of 2017. The company uses a perpetual inventory system: Purchases Sales Number of Units Sales Price Number of Units 565 Unit Cost $3.80 Date January 1 (beginning inventory) January 24 February 8 March 16 June 11 $5.30 665 $3.90 365 625 $5.50 365 $4.05 Required: 1. Compute...
Inventory information for Part 311 of Blue Corp. discloses the following information for the month of June. June 1 Balance 299 units @ $16 June 10 Sold 196 units @ $38 June 11 Purchased 803 units @ $19 June 15 Sold 502 units @ $40 June 20 Purchased 505 units @ $21 June 27 Sold 297 units @ $43 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) LIFO Cost if good...
Exercise 8-10 a-c Inventory information for Part 311 of Wildhorse Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 301 units @ $15 797 units @ $18 497 units @ $20 June 10 15 27 Sold Sold Sold 203 units @ $37 497 units @ $38 298 units @ $41 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2)...
I just need the answers to 5a. and 5b. Neverstop Corporation sells item A as part of its product line. Information about the beginning inventory, purchases, and sales of item A are given in the following table for the first six months of 2017. The company uses a perpetual inventory system: Purchases Sales Number of Units Sales Price Number of Units 565 Unit Cost $3.80 Date January 1 (beginning inventory) January 24 February 8 March 16 June 11 $5.30 665...
Inventory information for Part 311 of Novak Corp. discloses the following information for the month of June. June 1 11 20 Balance Purchased Purchased 297 units @ $17 795 units @ $21 500 units @ $23 June 10 15 27 Sold Sold Sold 203 units @ $42 498 units @ $44 303 units @ $47 Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) LIFO...
E8-10 (L03) (FIFO and LIFO—Periodic and Perpetual) Inventory information for Part 311 of Monique Aaron Corp. dis- closes the following information for the month of June. June 1 11 20 Balance Purchased Purchased 300 units @ $10 800 units @ $12 500 units @ $13 June 10 15 27 Sold Sold Sold 200 units 500 units 300 units $24 $25 $27 Instructions (a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory...