Cost of ending inventory = $810 | |||||||||
Purchase | Cost of Goods Sold | Balance | |||||||
Units | Unit cost | Total | Units | Unit cost | Total | Units | Unit cost | Total | |
June 1 | 34 | $20 | $680 | 34 | $20 | $680 | |||
June 15 | 26 | $20 | $520 | 8 | $20 | $160 | |||
June 29 | 26 | $25 | $650 | 8 | $20 | $160 | |||
26 | $25 | $650 | |||||||
34 | $810 | ||||||||
over the TONIOWIng Information, determine the cost of the inventory at 34 units at $20 June...
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1 26 units at $20 each points June 15 Beginning inventory Sale of 18 units for $50 each Purchase (8 02:50 June 29 18 units at $25 each The cost of the ending inventory is
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1 Beginning inventory 15 units at $20 each June 15 Sale of 6 units for $50 each June 29 Purchase 8 units at $25 each The cost of the ending inventory is: $200 $220 $380 $275 $300
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. 50 units at $20 each June 1 Beginning inventory June 15 Sale of 42 units for $50 each June 29 Purchase The cost of the ending inventory is: 42 units at $25 each Multiple Choice 0 $1,250 $1,050 $840 $1,000
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method June 1 Beginning inventory Η 30 units at $20 each Sale of 22 units for June 15 $50 each June 29 Purchase 22 units at $25 each The cost of the ending inventory is ο ο ο ο ο
Help Save & Exit Submit Given the following information, determine the cost of the inventory at June 30 using the perpetual LIFO inventory method June 1 Beginning inventory 20 units at $20 Bach Sale of 12 units for $50 each 12 units at $25 June 29 Purchase each June 15 The cost of the ending inventory is Multiple Choice $240 $500 ooooo $300 $400 O $460 Prey 34 of 47 Next >
Multiple Choice $640 $800 $800 $960 $1,000 Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Beginning inventory 40 units at $20 each June 1 Sale of 32 units for $50 each June 15 32 units at $25 each June 29 Purchase The cost of the ending inventory is:
George's Music Shop has the following information relating to its inventory: # of units cost per unit June 1 Beginning Inventory 10 $6 June 4 Purchase 50 $8 June 26 Purchase 20 $9 During June 55 units were sold for $12 each. Determine the gross profit, assuming George's uses weighted average inventory costing.
Cost/selling price Units 3. June $1.00 $1.10 $1.50 $1.20 $1.30 $1.50 1 Inventory 6 Purchase Sale 50 units 50 units 70 units 150 units 100 units 210 units 10 13 Purchase Purchase Sale 20 30 Required: Using perpetual inventory system, compute ending inventory balance, cost of goods sold and gross margin under FIFO. (25 % ) Units Cost/sellins.price 1 Beginning inventory 4 Purchase June $30 33 60 300 800 8 Sale 12 Purchase 16 Sale 20 Sale 400 1,000 700...
2) The Bata Company had the following activity involving inventory during June: Price Units 100 $ Amount 4,000 40 200 8,400 20 Beginning Inventory June 2 sale June 5 purchase June 10 sale June 15 sale June 20 purchase June 25 sale June 28 purchase June 29 sale 100 4,400 9,000 100 Complete the following table (15 points) We were unable to transcribe this image
1. The Boxwood Company sells blankets for $34 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 9 $16 10 Sale 3 17 Purchase 16 $17 20 Sale 5 23 Sale 2 30 Purchase 12 $22 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May...