Homework Answers
a) Total units available for sale = 496+744+496 = 1736
Sale unit = 372+670 = 1042 Units
Ending inventory unit = 1736-1042 = 694 Units
| FIFO | LIFO | |
| Ending inventory | (496*30+198*27) = 20226 | (496*21+198*27) = 15762 |
b) Total units available for sale = 496+744+496 = 1736
Sale unit = 372+670 = 1042 Units
Ending inventory unit = 1736-1042 = 694 Units
| FIFO | LIFO | |
| Ending inventory | (496*30+198*27) = 20226 | (124*21+74*27+496*30) = 19482 |
Add Answer to:
The following is a record of Solish Company's transactions for Boston Teapots for the month of...
The following is a record of Tamarisk Company’s transactions for Boston Teapots for the month of...
The following is a record of Tamarisk Company’s transactions for Boston Teapots for the month of May 2020. May 1 Balance 464 units @ $20.00 May 10 Sale 348 units @ $34.00 12 Purchase 696 units @ $25.00 20 Sale 626 units @ $34.00 28 Purchase 464 units @ $30.00 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 650 units on hand, what is the cost of the ending...
The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month...
The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2020. May 1 Balance 400 units @ $20 May 10 Sale 300 units @ $38 12 Purchase 600 units @ $25 20 Sale 540 units @ $38 28 Purchase 400 units @ $30 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 560 units on hand, what is the cost of...
The following is a record of Bridgeport Company's transactions for Boston Teapots for the month of...
The following is a record of Bridgeport Company's transactions for Boston Teapots for the month of May 2017. May 1 Balance 444 units @ $18 May 10 Sale 333 units @ $35 12 Purchase 666 units @ $26 20 Sale 599 units @ $35 28 Purchase 444 units @ $32 (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Assuming that perpetual inventories are not maintained and that a physical count at the end...
The net income per books of Debra King Company was determined without knowledge of the errors indicated below. Yea...
The net income per books of Debra King Company was determined without knowledge of the errors indicated below. Year 2015 2016 2017 2018 2019 2020 Net Income per Books $48,900 50,950 52,950 55,100 52,170 59,160 Error in Ending Inventory Overstated $ 2,770 Overstated Understated 12.030 No error Understated 1,970 Overstated 8.740 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Net Income Per Books Corrected Net...
The following is a record of Bridgeport Company's transactions for Boston Teapots for the month of May 2017. May 1 Bala...
The following is a record of Bridgeport Company's transactions for Boston Teapots for the month of May 2017. May 1 Balance 444 units @ $18 May 10 Sale 333 units @ $35 12 Purchase 666 units @ $26 20 Sale 599 units @ $35 28 Purchase 444 units @ $32 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 622 units LIFO? (1) (2) LIFO FIFO Ending Inventory s
Exercise 8-14 The following is a record of Pervis Ellison Company's transactions for Boston Teapots for...
Exercise 8-14 The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 400 units @ $20 May 10 Sale 300 units $38 12 Purchase 600 units $25 28 Purchase 400 units $30 20 Sale 540 units$38 Your answer is incorrect. Try again. Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 560 units on hand, what is the...
The following is Boston Teapots for the month of May 207 a record of Sky sog...
The following is Boston Teapots for the month of May 207 a record of Sky sog Company's tronsactions for May Raance 12 Purchase 28 Purchase 339 units 41 May 10 452 units 17 units @ta 45 units @ t lo10 units 341 20 Pssumira that perpetual inentoris ae rot maintained & that a pysikal cout at the end of the month Shous 633 units an hand what IS the cest of tha ending invertory using ()LIFO & FIFD
PRINTER VRSION ACK NXT RESOURCES xam 4 CH 7-8 Question 8 The following is a record...
PRINTER VRSION ACK NXT RESOURCES xam 4 CH 7-8 Question 8 The following is a record of Skysong Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 452 units $19 May 10 Sale 339 units 12 Purchase 678 units S$26 28 Purchase 452 units $28 $41 20 Sale 610 units $41 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 633 units on hand,...
Brief Exercise 6A-4 The following is a record of Windsor Company's transactions for the month 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...
CALCULATOR PRINTER VERSİON -BACK ROD NEXT MENT RESOURCES r 8 Homework Exercise 8-14 The following is...
CALCULATOR PRINTER VERSİON -BACK ROD NEXT MENT RESOURCES r 8 Homework Exercise 8-14 The following is a record of Tamarisk Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 404 units $21 May 10 Sale 303 units $39 cise 8-9 12 Purchase 606 units $2520 Sale 545 units $39 28 Purchase 404 units $32 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 566 units...
The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2020. May 1 Balance 400 units @ $20 May 10 Sale 300 units @ $38 12 Purchase 600 units @ $25 20 Sale 540 units @ $38 28 Purchase 400 units @ $30 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 560 units on hand, what is the cost of...
The following is a record of Bridgeport Company's transactions for Boston Teapots for the month of May 2017. May 1 Balance 444 units @ $18 May 10 Sale 333 units @ $35 12 Purchase 666 units @ $26 20 Sale 599 units @ $35 28 Purchase 444 units @ $32 (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Assuming that perpetual inventories are not maintained and that a physical count at the end...
The net income per books of Debra King Company was determined without knowledge of the errors indicated below. Year 2015 2016 2017 2018 2019 2020 Net Income per Books $48,900 50,950 52,950 55,100 52,170 59,160 Error in Ending Inventory Overstated $ 2,770 Overstated Understated 12.030 No error Understated 1,970 Overstated 8.740 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Net Income Per Books Corrected Net...
The following is a record of Bridgeport Company's transactions for Boston Teapots for the month of May 2017. May 1 Balance 444 units @ $18 May 10 Sale 333 units @ $35 12 Purchase 666 units @ $26 20 Sale 599 units @ $35 28 Purchase 444 units @ $32 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 622 units LIFO? (1) (2) LIFO FIFO Ending Inventory s
Exercise 8-14 The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 400 units @ $20 May 10 Sale 300 units $38 12 Purchase 600 units $25 28 Purchase 400 units $30 20 Sale 540 units$38 Your answer is incorrect. Try again. Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 560 units on hand, what is the...
The following is Boston Teapots for the month of May 207 a record of Sky sog Company's tronsactions for May Raance 12 Purchase 28 Purchase 339 units 41 May 10 452 units 17 units @ta 45 units @ t lo10 units 341 20 Pssumira that perpetual inentoris ae rot maintained & that a pysikal cout at the end of the month Shous 633 units an hand what IS the cest of tha ending invertory using ()LIFO & FIFD
PRINTER VRSION ACK NXT RESOURCES xam 4 CH 7-8 Question 8 The following is a record of Skysong Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 452 units $19 May 10 Sale 339 units 12 Purchase 678 units S$26 28 Purchase 452 units $28 $41 20 Sale 610 units $41 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 633 units on hand,...
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...
CALCULATOR PRINTER VERSİON -BACK ROD NEXT MENT RESOURCES r 8 Homework Exercise 8-14 The following is a record of Tamarisk Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 404 units $21 May 10 Sale 303 units $39 cise 8-9 12 Purchase 606 units $2520 Sale 545 units $39 28 Purchase 404 units $32 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 566 units...
Most questions answered within 3 hours.
-
4. How can you solve for the density of the liquid from the
slope? Please show...
asked 1 minute from now -
when 2053 j of heat is added to 46.3 g of hexane C6H14 the
temperature increases...
asked 21 minutes ago -
I need new and unique answers, please. (Use your own words,
don't copy and paste), Please...
asked 24 minutes ago -
MCL 445.111 et seq. deals with Home Solicitation Sales.
MCL stands for Michigan Compiled Laws which...
asked 15 minutes ago -
Which of the following items may not create an NOL?
a.
sole proprietorship loss
b.
personal...
asked 20 minutes ago -
A hypothetical solution forms between a solid and a liquid. The
values of the thermodynamic quantities...
asked 18 minutes ago -
a)An ideal heat pump is being considered for use in heating an
environment with a temperature...
asked 22 minutes ago -
.
Convert the following pairs of voltage and current waveforms to
phasor form. Each pair of...
asked 23 minutes ago -
A 6.5 cm diameter ball has a terminal speed of 22 m/s. What is
the ball's...
asked 37 minutes ago -
Name two areas of the human body with the highest concentration
of lymph nodes and speculate...
asked 41 minutes ago -
Angel Corporation has $10,000,000 of
8.0% 25 year bonds dated May 1, 2018 with interest payable...
asked 1 hour ago -
7.
________ involves individuals trading goods they already have or
providing services in exchange for something...
asked 1 hour ago