Exercise 8-11 Tamarisk Company's record of transactions for the month of April was as follows. Purchases...
Exercise 8-11 Tamarisk Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 1,200 @ $6.00 3,000 @ 6.08 1,600@ 2,[email protected] 1,400@ 6.60 April 3 1,000 @ $10.00 4 9 2,800@ 10.00 11 1,200 @ 8 6.40 11.00 23 2,400 @ 11.00 13 27 1,800 @ 21 12.00 9,200 29 1,000 @6.79 10,600 Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using LIFO...
Exercise 8-11 Tamarisk Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 1,200 @ $6.00 3,000 @ 6.08 1,600 @ 6.40 2,400 @ 6.50 1,400 @ 6.60 1,000 @ 6.79 10,600 Sales April 3 1,000 @ $10.00 9 2,800 @ 10.00 11 1,200 @ 11.00 23 2,400 @ 11.00 27 1,800 @ 12.00 9,200 Assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) FIFO and (2)...
Exercise 8-11 Sheffield Company’s record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 1,260 @ $6.00 April 3 1,050 @ $10.00 4 3,150 @ 6.08 9 2,940 @ 10.00 8 1,680 @ 6.40 11 1,260 @ 11.00 13 2,520 @ 6.50 23 2,520 @ 11.00 21 1,470 @ 6.60 27 1,890 @ 12.00 29 1,050 @ 6.79 9,660 11,130 Assuming that periodic inventory records are kept in units only, calculate the...
Exercise 8-11 Swifty Company’s record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 420 @ $6.00 April 3 350 @ $10.00 4 1,050 @ 6.08 9 980 @ 10.00 8 560 @ 6.40 11 420 @ 11.00 13 840 @ 6.50 23 840 @ 11.00 21 490 @ 6.60 27 630 @ 12.00 29 350 @ 6.79 3,220 3,710 Assuming that periodic inventory records are kept in units only, calculate the...
Exercise 8-11 Sunland Company’s record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 1,020 @ $6.00 April 3 850 @ $10.00 4 2,550 @ 6.08 9 2,380 @ 10.00 8 1,360 @ 6.40 11 1,020 @ 11.00 13 2,040 @ 6.50 23 2,040 @ 11.00 21 1,190 @ 6.60 27 1,530 @ 12.00 29 850 @ 6.79 7,820 9,010 Assuming that periodic inventory records are kept in units only, calculate the...
Vaughn Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 1,140 @ $6.00 2,850 @ 6.08 1,520 @ 6.40 2,280 @ 6.50 1,330 @ 6.60 950 @ 6.79 10,070 Sales April 3 950 @ $10.00 9 2,660 @ 10.00 11 1,140 @ 11.00 23 2,280 @ 11.00 27 1,710 @ 12.00 8,740 Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2...
Exercise 8-11 Sheffleld Company's record of transactions for the month of April was as follows. Purchases Sales 605@ $10.00 April 1 (balance on hand) 726 @ $6.00 April 3 9 1,694 @ 10.00 1,815 @ 6.08 968@ 6.40 726 11.00 8 11 1,452 6.60 23 1,[email protected] 13 847 6.80 27 1,089@ 12.00 21 5,566 605@ 7.00 29 6,413 Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2 decim Average-cost per...
Exercise 8-11 Kingbird Company’s record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 1,500 @ $6.00 April 3 1,250 @ $10.00 4 3,750 @ 6.08 9 3,500 @ 10.00 8 2,000 @ 6.40 11 1,500 @ 11.00 13 3,000 @ 6.50 23 3,000 @ 11.00 21 1,750 @ 6.60 27 2,250 @ 12.00 29 1,250 @ 6.79 11,500 13,250 Assuming that periodic inventory records are kept in units only,, calculate the...
Swifty Company’s record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 420 @ $6.00 April 3 350 @ $10.00 4 1,050 @ 6.08 9 980 @ 10.00 8 560 @ 6.40 11 420 @ 11.00 13 840 @ 6.50 23 840 @ 11.00 21 490 @ 6.60 27 630 @ 12.00 29 350 @ 6.79 3,220 3,710 Assuming that periodic inventory records are kept in units only, calculate the average-cost per...
Blossom Company's record of transactions for the month of April was as follows. Sales 00 M Purchases April 1 (balance on hand) 1,620 @ $6.00 4,050 @ 6.08 2,160 @ 6.40 3,240 @ 6.50 1,890 @ 6.60 1,350 @ 6.79 14,310 April 3 9 11 23 27 1,350 @ $10.00 3,780 @ 10.00 1,620 @ 11.00 3,240 @ 11.00 2,430 @ 12.00 12,420 o Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round...