Homework Answers
| 12 | ||
| Value of ending inventory: | ||
| From Purchase 1/28/18 | 550 | =100*5.50 |
| From Purchase 1/15/18 | 530 | =100*5.30 |
| Value of ending inventory | 1080 | |
| Option D $1080 is correct |
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12. Effie Company uses a periodic inventory system. Details for the inventory account for the month...
ompany uses a periodic inventory system. Details for the inventory account for the month of January,...
ompany uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Per unit price Total Balance, 1/1/18 200 $5.00 $1,000 Purchase, 1/15/18 100 5.30 530 Purchase, 1/28/18 100 5.50 550 An end of the month (1/31/18) inventory showed that 200 units were on hand. If the company uses LIFO, what is the value of the ending inventory? a $1000 b. $1040 c. S1060 d. S1080 14. Effie Company uses a...
6. Elly Company uses a periodic inventory system. Details for the inventory account for the month...
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20. Effe Company uses a periodic inventory system. Details for the inventory account for the month...
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11. Fetherston Company's goods in transit at December 31 include: Purchase made Sales made (1) FOB...
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Elly Company uses a periodic inventory system.Details for the inventory account for the month of January 2016 are as follows: Units Per unit price Total Balance 1/1/16 200 $500 $1000 Purchase 1/15/16 100 5.30 530 Purchase 1/28/16 100 5,50 550 An end of the month inventory showed that 150 units were on hand. If the company uses FIFO,what is the value of the ending inventory?
PLease show work and explain how to do these Tier Il Company uses a periodic inventory...
PLease show work and explain how to do these
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A company just starting business made the following four inventory purchases in June: Number of units...
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ompany uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Per unit price Total Balance, 1/1/18 200 $5.00 $1,000 Purchase, 1/15/18 100 5.30 530 Purchase, 1/28/18 100 5.50 550 An end of the month (1/31/18) inventory showed that 200 units were on hand. If the company uses LIFO, what is the value of the ending inventory? a $1000 b. $1040 c. S1060 d. S1080 14. Effie Company uses a...
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11. Fetherston Company's goods in transit at December 31 include: Purchase made Sales made (1) FOB destination (3) FOB destination (2) FOB shipping point (4) FOB shipping point Which items should be included in Fetherston's inventory at December 31? a. (1) and (3) b. (2) and (3) c. (1) and (4) d. (2) and (4) 12. Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Per unit...
PLease show work and explain how to do these
Tier Il Company uses a periodic inventory system. Details for the inventory account for the month of January 2007 are as follows: Per unit price Units Total Balance, 1/1/2007 Purchase, 1/15/2007 Purchase, 1/28/2007 200 $5.00 5.30 $1,000 530 100 100 5.50 550 An end of the month (1/31/2007) inventory showed that 120 units were on hand. 11 How many units did the company sell during January 2007? a. 80 b. 120...
Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows: Units Per Unit Price Total 300 $5.00 Balance, 1/1/2017 $1,500 150 5.30 Purchase, 1/15/2017 795 150 5.50 Purchase, 1/28.2017 825 At the end of the month (1.21.2017) inventory showed that 240 units were on hand. If the company uses LIFO,what is the value of the ending inventory? $1,264 $1,200 $1,302 $1,920
Pharoah Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 370 $6.00 $2220 Purchase, 1/15/2022 190 6.60 1254 Purchase, 1/28/2022 190 6.80 1292 An end of the month (1/31/2022) inventory showed that 300 units were on hand. If the company uses FIFO, what is the value of the ending inventory? $1800 O $2018 $2748 O $2040
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