Schedule
LIFO | Cost of goods available for sale | Cost of goods sold | Ending inventory | ||||||
# of unit | Cost per unit | Total cost | # of unit | Cost per unit | Total cost | # of unit | Cost per unit | Total cost | |
Beginning inventory | 44 | 36 | 1584 | 44 | 36 | 1584 | |||
Purchase | |||||||||
Apr 07 | 124 | 38 | 4712 | 115 | 38 | 4370 | 9 | 38 | 342 |
Jul 16 | 194 | 41 | 7954 | 194 | 41 | 7954 | |||
Oct 06 | 104 | 42 | 4368 | 104 | 42 | 4368 | |||
Total | 466 | 18618 | 413 | 16692 | 53 | 1926 |
Sales revenue = 22302
Gross profit = 22302-16692 = 5610
LIFO: Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information...
Weighted-Average Cost: Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. 44 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units Unit Cost $ 36 124 194 104 38 41 Total Cost $ 1,584 4,712 7,954 4,368 $18,618 466 For the entire year, the company sells 413 units of inventory...
Required information Exercise 6-4A Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase 127 Number of Units Unit Cost Total Cost 47 $ 39 $ 1,833 41 5,207 197 44 8,668 107 4,815 478 $20,523 45 For the entire year, the company sells 426 units of inventory for...
Required information Exercise 6-4A Calculate Inventory amounts when costs are rising (L06-3) The following information applies to the questions displayed below. During the year, TRC Corporation has the following inventory transactions. Number of Units Unit Cost $43 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase 131 201 111 Total Cost 2,193 5.995 9,648 5,439 $23,175 For the entire year, the company sells 431 units of inventory for $61 each. Exercise 6-4A Part 1 Required:...
Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 41 $ 33 $ 1,353 Apr. 7 Purchase 121 35 4,235 Jul. 16 Purchase 191 38 7,258 Oct. 6 Purchase 101 39 3,939 454 $ 16,785 For the entire year, the company sells 410 units of...
5 Part of 4 2 points Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions Number of Unit Date Transaction Unita Coat Total Cost Jan. 1 Beginning inventory 47 $ 39 $ 1,833 Apr. 7 Purehase 127 41 5.207 Jul. 16 Purchase 197 44 8.668 Oet. 6 Purchase 102 4,015 478 $20,523 elok Print For the entire year,...
pt1 pt2 pt.3 Exercise 6-4A Part 1 Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per Cost of Goods Available for Sale Cost per unit # of units Cost of Goods Sold unit # of units Cost Ending per unit Inventory Beginning Inventory Purchases: Apr. 7 Jul. 16 Oct.6 Total ES Sales revenue Gross profit...
LIFO: Required information Exercise 6-5A Calculate inventory amounts when costs are declining (L06-3) [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Number of Units Unit Cost $ 31 Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase 34 Total Cost $ 899 1,020 1,131 1,053 $4,103 39 For the entire year, the company sells 110 units of inventory for $39 each. Exercise 6-5A...
Required information Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) {The following information applies to the questions displayed below.) During the year. Trombley Incorporated has the following inventory transactions, Number of Units 19 Unit Cost $ 21 Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase 20 Total Cost $ 399 480 552 493 $1,923 For the entire year, the company sells 80 units of inventory for $29 each 3 2. Using...
Required information The following information applies to the questions displayed below During the year, TRC Corporation has the following inventory transactions Nunber of Unit Transaction Units Zotal Cost Date Cost Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 2,585 6,615 10,660 6,095 55 47 49 135 Purchase 205 52 Oct. 6 Purchase 53 115 510 $25,955 For the entire year, the company sells 441 units of inventory for $65 each 2. Using LIFO, calculate ending inventory, cost of goods sold,...
FIFO: Required information Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Number of Units Unit Cost $ 31 29 Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase 39 Total Cost $ 899 1,020 1,131 1,053 $4,103 For the entire year, the company sells 110 units of inventory for $39 each. Exercise 6-5A...