Homework Answers
| Date | Receipts | Issue ( Cost of goods sold) | Balance | ||||||
| qty | price | total | qty | price | total | qty | price | total | |
| May-01 | 0 | 0 | 190 | 14 | 2660 | ||||
| May-05 | 240 | 16 | 3840 | 0 | 0 | 0 | 190 | 14 | 2660 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 240 | 16 | 3840 |
| May-10 | 0 | 160 | 14 | 2240 | 30 | 14 | 420 | ||
| 4 | 0 | 0 | 0 | 0 | 0 | 0 | 240 | 16 | 3840 |
| May-15 | 120 | 17 | 2040 | 0 | 0 | 0 | 30 | 14 | 420 |
| 0 | 240 | 16 | 3840 | ||||||
| 0 | 120 | 17 | 2040 | ||||||
| May-24 | 30 | 14 | 420 | 160 | 16 | 2560 | |||
| 80 | 16 | 1280 | 120 | 17 | 2040 | ||||
| 0 | |||||||||
| 5880 | 3940 | ||||||||
| Endig inventory = 2560+2040 = 4600 | |||||||||
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Strods Company reported the following purchases and sales of its only product. Strods uses a periodic...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 190 units @ $14 5 Purchase 240 units @ $16 10 Sales 160 units @ $24 15 Purchase 120 units @ $17 24 Sales 110 units @ $25
Strods Company reported the following purchases and sales of Its only product. Strods uses a periodic inventory sys...
Strods Company reported the following purchases and sales of Its only product. Strods uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO. Units Acquired at Cost 160 units $11 Units Sold at Retail Activities Date Beginning Inventory May 1 225 units e ş13 Purchase 145 units e $21 10 Sales 105 units e $14 15 Purchase 95 units e $22 Sales 24 Multiple Choice
Strods Company reported the following purchases and sales of its only product. Strods uses a periodic...
Strods Company reported the following purchases and sales of its only product. Strods uses a periodic Inventory system. Determine the cost assigned to ending Inventory using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 260 units @ $11 5 Purchase 275 units @ $13 Sales 195 units @ $21 Purchase 155 units @ $14 Sales 145 units @ $22 Multiple Choice
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 320 units @ $17 5 Purchase 305 units @ $19 10 Sales 225 units @ $27 15 Purchase 185 units @ $20 24 Sales 175 units @ $28
Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic...
Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic inventory system Determine the cost assigned to cost of goods sold using FIFO. Units sold at Retail Units Acquired at Cost 160 units @ $11 225 units @ $13 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 145 units $21 105 units @ $14 95 units @ $22 Multiple Choice $2.800 o $3,240 o О $3,355 o $3,215...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 220 units @ $17 5 Purchase 255 units @ $19 10 Sales 175 units @ $27 15 Purchase 135 units @ $20 24 Sales 125 units @ $28 Multiple Choice $7,660 $3,780 $6,800 $4,185 $5,450
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO. Units Sold at Retail Units Acquired at Cost 320 units @ $17 305 units @ $19 Date May 1 May 5 May 10 May 15 May 24 Activities Beginning Inventory Purchase Sales Purchase Sales 225 units @ $27 185 units @ $20 175 units @ $28 Multiple Choice $6.960 $7640 0...
5-Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic...
5-Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO. Units Sold at Retail Date Activities May 1 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales Units Acquired at Cost 150 units @ $10.00 220 units @ $12.00 140 units @ $20.00 100 units @ $13.00 90 units @ $21.00
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual...
Salmone Company reported the following purchases and sales of
its only product. Salmone uses a perpetual inventory system.
Determine the cost assigned to the ending inventory using FIFO.
Week 6 Chapter 6 Quiz Help Save & Exit 15 Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Units Sold at Retail Units Acquired at Cost 200 units @ $15 245 units...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO Units Sold at Retail Units Acquired at Cost 300 units@$15 295 units@$17 Activities Date May 1 Beginning Inventory Purchase 215 units $25 Sales 10 175 units $18 Purchase 15 165 units $26 Sales 24
Strods Company reported the following purchases and sales of Its only product. Strods uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO. Units Acquired at Cost 160 units $11 Units Sold at Retail Activities Date Beginning Inventory May 1 225 units e ş13 Purchase 145 units e $21 10 Sales 105 units e $14 15 Purchase 95 units e $22 Sales 24 Multiple Choice
Strods Company reported the following purchases and sales of its only product. Strods uses a periodic Inventory system. Determine the cost assigned to ending Inventory using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 260 units @ $11 5 Purchase 275 units @ $13 Sales 195 units @ $21 Purchase 155 units @ $14 Sales 145 units @ $22 Multiple Choice
Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic inventory system Determine the cost assigned to cost of goods sold using FIFO. Units sold at Retail Units Acquired at Cost 160 units @ $11 225 units @ $13 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 145 units $21 105 units @ $14 95 units @ $22 Multiple Choice $2.800 o $3,240 o О $3,355 o $3,215...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO. Units Sold at Retail Units Acquired at Cost 320 units @ $17 305 units @ $19 Date May 1 May 5 May 10 May 15 May 24 Activities Beginning Inventory Purchase Sales Purchase Sales 225 units @ $27 185 units @ $20 175 units @ $28 Multiple Choice $6.960 $7640 0...
5-Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO. Units Sold at Retail Date Activities May 1 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales Units Acquired at Cost 150 units @ $10.00 220 units @ $12.00 140 units @ $20.00 100 units @ $13.00 90 units @ $21.00
Salmone Company reported the following purchases and sales of
its only product. Salmone uses a perpetual inventory system.
Determine the cost assigned to the ending inventory using FIFO.
Week 6 Chapter 6 Quiz Help Save & Exit 15 Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Units Sold at Retail Units Acquired at Cost 200 units @ $15 245 units...
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO Units Sold at Retail Units Acquired at Cost 300 units@$15 295 units@$17 Activities Date May 1 Beginning Inventory Purchase 215 units $25 Sales 10 175 units $18 Purchase 15 165 units $26 Sales 24
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