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Question 24 1 pts Our company had the following balances and transactions during the current year...
Question 25 1 pts Our company had the following balances and transactions during the current year...
Question 25 1 pts Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 100 units at $75 per unit Purchase on February 14 100 units at $80 per unit Sale on August 21 150 units What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, weighted average (WA) costing method? $4,000 $3,750 O $11,625 O $11,750
21 Our company had the following balances and transactions during the current year related to merchandise...
21 Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 100 units at $85 per unit Sale on August 21 150 units What would be the company’s cost of goods sold in dollars on December 31 if the company used perpetual, last in, first out (LIFO) method? Group of answer choices $4,900 $5,950 $10,950 $12,000 Question 221...
Question 22 1 pts Our company had the following balances and transactions during the current year...
Question 22 1 pts Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 100 units at $85 per unit Sale on August 21 150 units What would be the company's ending merchandise inventory in dollars on December 31 if the company used perpetual, first in, first out (FIFO) method? $4,900 $5,950 O $10,950 O $12,000
Question 23 1 pts Our company had the following balances and transactions during the current year...
Question 23 1 pts Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 100 units at $85 per unit Sale on August 21 150 units What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, first in, first out (FIFO) method? 0 $4,900 $5,950 $10,950 O $12,000
Question 21 1 pts Our company had the following balances and transactions during the current year...
Question 21 1 pts Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 100 units at $85 per unit Sale on August 21 150 units What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, last in, first out (LIFO) method? 0 $4,900 $5,950 0 $10,950 0 $12,000
Question 16 On August 1, our company purchases $1,000 worth of merchandise inventory on credit with...
Question 16 On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the terms 3/10, n/30. What is the amount we would credit to cash if we pay this invoice on August 9? Group of answer choices $1,000 $997 $990 $970 Question 17 Our company purchases $4,000 worth of merchandise inventory on credit with the terms 2/10, n/30. Transportation costs were an additional $200. Our company returned $300 worth of merchandise. What is the total cost...
Rally Wheels Company had the following balances and transactions during 2018 Beginning Merchandise Inventory as of...
Rally Wheels Company had the following balances and transactions during 2018 Beginning Merchandise Inventory as of January 1, 2018 March 10 180 units at $73 Sold 60 units June 10 Purchased 540 units at $78 October 30 Sold 150 units What would the company's ending merchandise inventory cost be on December 31, 2018 if the perpetual inventory system and the last-in, first-out inventory costing method are used? O A. $55,260 O B. $16,080 O C. $42,120 D. $39,180
Ralwins Company had the following balances and transactions during 2018, from January 1 to December 31...
Ralwins Company had the following balances and transactions during 2018, from January 1 to December 31 Beginning Merchandise Inventory 400 units at $84 March 10 Sold 200 units June 10 Purchased 800 units at 586 October 30 Sold 800 units What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2018 if the perpetual inventory system and the weighted - average inventory costing method are used? Roundunt costs to two decimal places and total costs...
Sprint, Inc. had the following balances and transactions during 2019, from January 1 to December 31:...
Sprint, Inc. had the following balances and transactions during 2019, from January 1 to December 31: Beginning Merchandise Inventory 200 units at $81 March 10 Sold 100 units June 10 Purchased 400 units at $83 October 30 Sold 300 units What would be reported for ending the Merchandise Inventory on the balance sheet on December 31, 2019, if the perpetual inventory system and the weighted-average inventory costing method are used? (Round unit costs to two decimal places and total costs...
Rally Wheels Company had the following balances and transactions during? 2018: Beginning Merchandise Inventory as of...
Rally Wheels Company had the following balances and transactions during? 2018: Beginning Merchandise Inventory as of January? 1, 2018 150 units at $73 March 10 Sold 50 units June 10 Purchased 1450 units at$77 October 30 Sold 150 units What would the? company's ending merchandise inventory cost be on December? 31, 2018 if the perpetual inventory system and the last??in, first?out inventory costing method are? used? 1 $45,600 2 $30,400 3 $34,650 4 $15,200
Question 25 1 pts Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 100 units at $75 per unit Purchase on February 14 100 units at $80 per unit Sale on August 21 150 units What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, weighted average (WA) costing method? $4,000 $3,750 O $11,625 O $11,750
Question 22 1 pts Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 100 units at $85 per unit Sale on August 21 150 units What would be the company's ending merchandise inventory in dollars on December 31 if the company used perpetual, first in, first out (FIFO) method? $4,900 $5,950 O $10,950 O $12,000
Question 23 1 pts Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 100 units at $85 per unit Sale on August 21 150 units What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, first in, first out (FIFO) method? 0 $4,900 $5,950 $10,950 O $12,000
Question 21 1 pts Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 120 units at $70 per unit Purchase on February 14 100 units at $85 per unit Sale on August 21 150 units What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, last in, first out (LIFO) method? 0 $4,900 $5,950 0 $10,950 0 $12,000
Rally Wheels Company had the following balances and transactions during 2018 Beginning Merchandise Inventory as of January 1, 2018 March 10 180 units at $73 Sold 60 units June 10 Purchased 540 units at $78 October 30 Sold 150 units What would the company's ending merchandise inventory cost be on December 31, 2018 if the perpetual inventory system and the last-in, first-out inventory costing method are used? O A. $55,260 O B. $16,080 O C. $42,120 D. $39,180
Ralwins Company had the following balances and transactions during 2018, from January 1 to December 31 Beginning Merchandise Inventory 400 units at $84 March 10 Sold 200 units June 10 Purchased 800 units at 586 October 30 Sold 800 units What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2018 if the perpetual inventory system and the weighted - average inventory costing method are used? Roundunt costs to two decimal places and total costs...
Sprint, Inc. had the following balances and transactions during 2019, from January 1 to December 31: Beginning Merchandise Inventory 200 units at $81 March 10 Sold 100 units June 10 Purchased 400 units at $83 October 30 Sold 300 units What would be reported for ending the Merchandise Inventory on the balance sheet on December 31, 2019, if the perpetual inventory system and the weighted-average inventory costing method are used? (Round unit costs to two decimal places and total costs...
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