ZuoTi.Pro
Question

Some of the information found on a detail inventory card for Oriole Inc. for the first month of operations is as follows. Dat
1,800 1,000 Calculate average-cost per unit. (Round answer to 2 decimal places, eg. 2.76.) Average-cost per unit $ From these
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

& some of the info found on a detail inventory Co Aug cost per unit $5.21 → Working: Date Jan 10 No.of units 1700 1100 1500 1@ ime of (3 pespetual Inventory: cost are computed each with draws LIFO FIFO would amount the same YES Ending Inventory $ 553Aug cost: I cost Purchase costof Good sold Ending Inventory TOTY cost TOTOY cost total units eu c ast units PU cost units P.U

0 0
Add a comment
Know the answer?
Add Answer to:
Some of the information found on a detail inventory card for Oriole Inc. for the first...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Some of the information found on a detail inventory card for Oriole Inc. for the first...

    Some of the information found on a detail inventory card for Oriole Inc. for the first month of operations is as follows. Received Date No. of Units Unit Cost Issued, No. of Units Balance, No. of Units January     2 1,700 $4.74 1,700 7 1,200 500 10 1,100 5.06 1,600 13 1,000 600 18 1,500 5.21 800 1,300 20 1,100 200 23 1,800 5.37 2,000 26 1,300 700 28 2,100 5.53 2,800 31 1,800 1,000 Calculate average-cost per unit. (Round answer to...

  • Some of the information found on a detail inventory card for Metlock Inc. for the first month of operations is as...

    Some of the information found on a detail inventory card for Metlock Inc. for the first month of operations is as follows. Date January 2 Received Issued, Balance, No. of Units Unit Cost No. of Units No. of Units 1,700 $3.84 1,700 1,200 500 1,100 4.10 1,600 1,000 600 1,500 800 1,300 1,100 1,800 4.35 2,000 1,300 700 2,100 4.48 2,800 1,800 1,000 4.22 200 Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit...

  • Some of the information found on a detail inventory card for Novak Inc. for the first...

    Some of the information found on a detail inventory card for Novak Inc. for the first month of operations is as follows. If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending inventory in (1)FIFO, (2)LIFO, and (3)Average Cost above be the same? What amount would be shown as ending inventory? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers...

  • Some of the information found on a detail inventory card for Shamrock Inc. for the first month of operations is as follows. Received Date No. of Units Unit Cost Issued, No. of Units Balance, No. of Un...

    Some of the information found on a detail inventory card for Shamrock Inc. for the first month of operations is as follows. Received Date No. of Units Unit Cost Issued, No. of Units Balance, No. of Units January 2 1,300 $4.38 1,300 7 800 500 10 700 4.67 1,200 13 600 600 18 1,100 4.82 400 1,300 20 1,100 200 23 1,400 4.96 1,600 26 900 700 28 1,700 5.11 2,400 31 1,400 1,000 Calculate average-cost per unit. (Round answer...

  • Some of the information found on a detail inventory card for Ayayai Inc. for the first...

    Some of the information found on a detail inventory card for Ayayai Inc. for the first month of operations is as follows. Received Date No. of Units Unit Cost Issued, No. of Units Balance, No. of Units January 2 1,600 $3.75 1,600 7 1,100 500 10 1,000 4.00 1,500 13 900 600 18 1,400 4.13 700 1,300 20 1,100 200 23 1,700 4.25 1,900 26 1,200 700 28 2,000 4.38 2,700 31 1,700 1,000 If the perpetual inventory record is...

  • Problem 8-05 (Part Level Submission) Some of the information found on a detail inventory card for...

    Problem 8-05 (Part Level Submission) Some of the information found on a detail inventory card for Coronado Inc. for the first month of operations is as follows. Received No. of Units 1,400 Date Issued, No. of Units Unit Cost $4.02 January 2 900 800 4.29 Balance, No. of Units 1,400 500 1,300 600 1,300 200 1,700 700 2,500 1,000 1,200 700 500 1,100 4.42 1,500 4.56 1,000 1,800 4.69 1,500 (b) Your answer is partially correct. Try again. If the...

  • Some of the information found on a detail inventory card for Tamarisk Inc. for the first month of operations is as follo...

    Some of the information found on a detail inventory card for Tamarisk Inc. for the first month of operations is as follows. Received Date No. of Units Unit Cost Issued, No. of Units Balance, No. of Units January     2 1,300 $4.38 1,300 7 800 500 10 700 4.67 1,200 13 600 600 18 1,100 4.82 400 1,300 20 1,100 200 23 1,400 4.96 1,600 26 900 700 28 1,700 5.11 2,400 31 1,400 1,000 1a) Calculate average-cost per unit. 1b) From...

  • Problem 8-4 Headland Company’s record of transactions concerning part X for the month of April was...

    Problem 8-4 Headland Company’s record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 350 @ $6.60 April 5 550 4 650 @ 6.73 12 450 11 550 @ 7.00 27 1,300 18 450 @ 7.06 28 150 26 850 @ 7.39 30 450 @ 7.66 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost...

  • Some of the information found on a detail inventory card for Buffalo Inc. for the first...

    Some of the information found on a detail inventory card for Buffalo Inc. for the first month of operations is as follows. Received Date No. of Units Unit Cost Issued, No. of Units Balance, No. of Units January 2 1,600 $5.10 1,600 7 1,100 500 10 1,000 5.44 1,500 13 900 600 18 1,400 5.61 700 1,300 20 1,100 200 23 1,700 5.78 1,900 26 1,200 700 28 2,000 5.95 2,700 31 1,700 1,000 Calculate average-cost per unit. (Round answer...

  • Some of the information found on a detail inventory card for Tamarisk Inc. for the first...

    Some of the information found on a detail inventory card for Tamarisk Inc. for the first month of operations is as follows. Received Date No. of Units Unit Cost Issued, No. of Units Balance, No. of Units January     2 1,300 $4.38 1,300 7 800 500 10 700 4.67 1,200 13 600 600 18 1,100 4.82 400 1,300 20 1,100 200 23 1,400 4.96 1,600 26 900 700 28 1,700 5.11 2,400 31 1,400 1,000 Calculate average-cost per unit. (Round answer...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT