Ricochet Company completed 144,000 units during the year at a cost of $1,872,000. The beginning finished...
Ricochet Company completed 144,000 units during the year at a
cost of $1,872,000. The beginning finished goods inventory was
16,000 units at $136,000. Determine the cost of goods sold for
92,000 units, assuming a FIFO cost flow.
$
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Ricochet Company completed 144,000 units during the year at a
cost of $1,872,000. The beginning finished...
Lipton Company completed 112,000 units during the year at a cost of $1,792,000. The beginning finished...
Lipton Company completed 112,000 units during the year at a cost of $1,792,000. The beginning finished goods inventory was 14,000 units at $154,000. Determine the cost of goods sold for 86,000 units, assuming a FIFO cost flow.
Cavy Company completed 13,920 units during the year at a cost of $1,127,520. The beginning finished...
Cavy Company completed 13,920 units during the year at a cost of $1,127,520. The beginning finished goods inventory was 3,060 units valued at $229,500. Assuming a FIFO cost flow, determine the cost of goods sold for 12,570 units.
Cavy Company completed 12,000 units during the year at a cost of $792,000. The beginning finished...
Cavy Company completed 12,000 units during the year at a cost of $792,000. The beginning finished goods inventory was 2,640 units valued at $166,320. Assuming a FIFO cost flow, determine the cost of goods sold for 10,830 units. $
Cost of Goods Sold Curl Company completed 240,000 units during the year at a cost of...
Cost of Goods Sold Curl Company completed 240,000 units during the year at a cost of $1,920,000. The beginning finished goods inventory was 24,000 units at $120,000. Determine the cost of goods sold for 163,000 units, assuming a FIFO cost flow.
Sales during the year were 500 units. Beginning inventory was 250 units at a cost of...
Sales during the year were 500 units. Beginning inventory was 250 units at a cost of $5 per unit. Purchase 1 was 400 units at $6 per unit. Purchase 2 was 200 units at $7 per unit. Cost of goods sold under the FIFO cost flow assumption (using a periodic inventory system) was: $3,650 $2,750 $3,200 $2,300
27. The cost of production of completed and finished goods during the period amounted to $450,000,...
27. The cost of production of completed and finished goods during the period amounted to $450,000, and the finished products shipped to customers had total production costs of $357.000. From the following select the entry to record the transfer of cost the finished goods to cost of goods sold Finished Coads 450.000 Cost of Goods Sold 450,000 Finished Goods 357.000 Cost of Goods Sold 357,000 e Cost of Goods Sold 357.000 Finished Goods 357,000 d Cost of Good Sold 450.000...
Oriole Company had a beginning inventory of 115 units of Product RST at a cost of...
Oriole Company had a beginning inventory of 115 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 660 units at $8 Aug. 12 430 units at $10 May 5 520 units at $9 Dec. 8 115 units at $11 Oriole uses a periodic inventory system. Sales totaled 1,600 units. Determine the cost of goods available for sale. The cost of goods available for sale $ Calculate Average Cost. (Round answer to...
Sales during the year were 860 units. Beginning inventory was 290 units at a cost of...
Sales during the year were 860 units. Beginning inventory was 290 units at a cost of $4 per unit. Purchase 1 was 430 units at $5 per unit. Purchase 2 was 670 units at $6 per unit. Required: a. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using FIFO method. b. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using LIFO method
Various cost and sales data for Meriwell Company for the just-completed year follow: Finished goods...
Various cost and sales data for Meriwell Company for the just-completed year follow: Finished goods inventory, beginning $ 25,000 Finished goods inventory, ending 50,000 Depreciation, factory 19,000 Administrative expenses 105,000 Utilities, factory 7,000 Maintenance, factory 55,000 Supplies, factory 12,000 Insurance, factory 3,600 Purchases of raw materials 130,000 Raw materials inventory, beginning 9,000 Raw materials inventory, ending 6,000 Direct labour 75,000 Indirect labour 18,000 Work-in-process inventory, beginning 22,000 Work-in-process inventory, ending 24,000 Sales 525,000 Selling expenses 74,000 Required: 1. Prepare...
Problem 4. McLean Company Inc. had a beginning inventory of 300 units of Product MLN at...
Problem 4. McLean Company Inc. had a beginning inventory of 300 units of Product MLN at a cost of $8 per unit. During the year, purchases were: Feb. 20 700 units at $ 9 Aug. 12 600 units at $11 May 5 500 units at $10 Dec. 8 100 units at $12 McLean Company uses a periodic inventory system. Sales totaled 1,800 units. Instructions (a) Determine the cost of goods available for sale. (b) Determine the ending inventory and the...
Cavy Company completed 13,920 units during the year at a cost of $1,127,520. The beginning finished goods inventory was 3,060 units valued at $229,500. Assuming a FIFO cost flow, determine the cost of goods sold for 12,570 units.
Cavy Company completed 12,000 units during the year at a cost of $792,000. The beginning finished goods inventory was 2,640 units valued at $166,320. Assuming a FIFO cost flow, determine the cost of goods sold for 10,830 units. $
27. The cost of production of completed and finished goods during the period amounted to $450,000, and the finished products shipped to customers had total production costs of $357.000. From the following select the entry to record the transfer of cost the finished goods to cost of goods sold Finished Coads 450.000 Cost of Goods Sold 450,000 Finished Goods 357.000 Cost of Goods Sold 357,000 e Cost of Goods Sold 357.000 Finished Goods 357,000 d Cost of Good Sold 450.000...
Oriole Company had a beginning inventory of 115 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 660 units at $8 Aug. 12 430 units at $10 May 5 520 units at $9 Dec. 8 115 units at $11 Oriole uses a periodic inventory system. Sales totaled 1,600 units. Determine the cost of goods available for sale. The cost of goods available for sale $ Calculate Average Cost. (Round answer to...
Problem 4. McLean Company Inc. had a beginning inventory of 300 units of Product MLN at a cost of $8 per unit. During the year, purchases were: Feb. 20 700 units at $ 9 Aug. 12 600 units at $11 May 5 500 units at $10 Dec. 8 100 units at $12 McLean Company uses a periodic inventory system. Sales totaled 1,800 units. Instructions (a) Determine the cost of goods available for sale. (b) Determine the ending inventory and the...
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Caculate the PH THANK YOU!
[OH−] = 1.9×10−7 M
[OH−] = 1.6×10−8 M
[OH−] = 7.2×10−11...
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