hapter 610) Consider the following information for Maynor Company, which uses a periodic inventory system Total...
Save & Ex Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Beginning Inventory Purchase Purchase January 1 Units Unit Cost $ 67 73 Total Cost March 28 17 $1,139 1,971 2,618 3,237 August 22 October 14 27 34 77 Purchase 39 Goods Available for Sale 83 117 $8,965 The company sold 39 units on May 1 and 34 units on October 28 Required: Calculate the company's ending inventory and cost of goods sold using...
Consider the following information for Maynor Company, which uses a periodic inventory system: Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Beginning Inventory Purchase Purchase Purchase Units Unit Cost Total Cost 12 January 1 March 28 August 22 October 14 Goods Available for Sale 24 29 87 $ 62 68 72 78 $744 1,496 1,728 2,262 $6,230 The company sold 29 units on May 1 and 24 units on October 28 Required: Calculate the...
2) Consider the following information for Maynor Company, which uses a periodic inventory system: Unit Transaction Units Cost January 1 Beginning Inventory 10 $ 60 March 28 Purchase 206 6 August 22 Purchase October 14 Purchase Goods Available for Sale Total Cost $ 600 1,320 1,400 1,900 $ 5,220 75 The company sold 25 units on May 1 and 20 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following...
Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Beginning Inventory Purchase Purchase Purchase Units 16 26 Unit Cost $66 72 Total Cost $1,056 1,872 January 1 March 28 August 22 October 14 32 76 2,432 82 3,034 Goods Available for Sale $8,394 The company sold 37 units on May 1 and 32 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing...
Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 15 $ 65 $ 975 March 28 Purchase 25 71 1,775 August 22 Purchase 30 75 2,250 October 14 Purchase 35 81 2,835 Goods Available for Sale 105 $ 7,835 The company sold 35 units on May 1 and 30 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using...
Consider the following information for Maynor Company, which uses a periodic inventory system: Units 22 Transaction Beginning Inventory Purchase Purchase Purchase Unit Cost $72 78 January 1 March 28 August 22 October 14 Total Cost $ 1,584 2,496 3,608 4,312 Goods Available for Sale 147 $12,000 The company sold 49 units on May 1 and 44 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following invento, costing methods. (Round...
Consider the following information for Maynor Company, which uses a periodic inventory system: Unit Cost $73 Transaction Beginning Inventory Purchase Purchase Purchase January 1 March 28 August 22 October 14 Units 23 33 46 51 79 Total Cost $ 1,679 2.607 3,818 4,539 83 89 Goods Available for Sale 153 $12,643 The company sold 51 units on May 1 and 46 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of...
Question 2 (24 score) Consider the following information for Maynor Company, which uses a perpetual inventory system: Transaction Units Unit Cost Total Cost January March 28 August 22 October 14 Beginning Inventory10 $60 Purchase Purchase Purchase 20 20 25 75 600 1,320 1,400 1,900 $5,220 70 76 Goods Available for Sale The company sold 25 units on May 1 and 20 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of...
Consider the following Information for Maynor Company, which uses a perlodic Inventory system: Transaction Beginning Inventory Purchase ITI Units Unit Cost Total Cost S B5 $ 2,975 January 1 March 28 35 4,095 6, 650 45 91 August 22 Purchase 70 95 75 7,575 October 14 Purchase 101 225 $21, 295 Goods Available for Sale The company sold 75 units on May 1 and 70 units on October 28. Required: Calculate the company's ending Inventory and cost of goods sold...
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date Units Sold at Retail Units Acquired at Cost 135 units @ $70 per unit 435 units @ $75 per unit 455 units @ $105 per unit Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 190 units @ $80 per unit 270 units @ $82 per unit 230 units...