Homework Answers
A. $ 810
| Value of Ending Merchandise Inventory is lower of : | $ 810 | |
| Cost of Merchandise ( $ 81 * 10) | $ 810 | |
| Market Value of Merchandise ( $ 83 * 10) | $ 830 |
Inventory units = Beginning + Purchases - Sales = 10 + 20 - 20 = 10 units
Add Answer to:
need it in hurry
Jason Retail had the following balances and transactions during 2017 Beginning Inventory...
Need it in real hurry! thanks Wol 30 ( complete) This Test: 100 pts possible Jones...
Need it in real hurry! thanks
Wol 30 ( complete) This Test: 100 pts possible Jones Retail, had the following balances and transactions during 2017 Beginning Inventory June 10 December 30 December 31 20 units at $72 Purchased 30 units at $83 Sold 25 units Replacement cost $67 The company maintains its records of inventory on a perpetual basis using the first - in, first-out inventory costing method. Calculate the amount of ending Merchandise Inventory on December 31, 2017 using...
10) Madison, Inc. had the following balances and transactions during 2017 Beginning Inventory June 10 December...
10) Madison, Inc. had the following balances and transactions during 2017 Beginning Inventory June 10 December 30 December 31 40 units at $72 Purchased 120 units at $76 Sold 113 units Replacement cost $79 The company maintains its records of inventory on a perpetual basis using the last-in, first-out inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2017 using the lower-of-cost-or-market rule. (Round any intermediate calculations two decimal places, and your final answer to the...
Malcom, Inc. had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January...
Malcom, Inc. had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January 1, 2017 150 units at $81 March 10 Sold 60 units June 10 Purchased 270 units at $85 October 30 Sold 210 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2017 if the perpetual inventory system and the first-in, first-out inventory costing method are used? Group of answer choices $12,150 $17,490 $35,100...
Mosher, Inc. had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January...
Mosher, Inc. had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January 1, 2017 100 units at $82 March 10 Sold 70 units June 10 Purchased 200 units at $85 October 30 Sold 170 units What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2017 if the perpetual inventory system and the first-in, first-out inventory costing method are used?
Baldwin, Inc. had the following balances and transactions during 2025 Beginning Merchandise Inventory as of January...
Baldwin, Inc. had the following balances and transactions during 2025 Beginning Merchandise Inventory as of January 1, 2025 100 units at $81 March 10 Sold 50 units June 10 Purchased 250 units at 586 October 30 Sold 150 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2025 the perpetual inventory system and the first - in, first-out inventory costing method are used? O A $8,100 B. $16,700 C....
Question Hep Metro Computer, Inc. had the following balances and transactions during 2017 Beginning Merchandise Inventory...
Question Hep Metro Computer, Inc. had the following balances and transactions during 2017 Beginning Merchandise Inventory as of January 1, 2017 320 units at $70 March 10 to p Sold 80 units Purchased 1,280 units at $76 Sold 125 units June 10 October 30 What would the company's anding merchandise inventory amount be on December 31,2017 if the perpetual inventory system and the last-in, fist-out inventory costing method are used? utions O A. $97.280 O B. $119.680 O C. $15,100...
Baldwin Company had the following balances and transactions during 2019 Beginning Merchandise Inventory as of January...
Baldwin Company had the following balances and transactions during 2019 Beginning Merchandise Inventory as of January 1, 2019 100 units at $81 March 10 Sold 70 units June 10 Purchased 200 units at $34 October 30 Sold 170 units What would be reported as Cost of Goods Sold on the income statement for the year onding December 31, 2019 if the perpetual invertory system and the first in first-out inventory costing method are used? O A. $19,860 OB. $8.100 OC....
Baldwin, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory as of January...
Baldwin, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory as of January 1, 2019 125 units at $81 March 10 Sold 50 units June 10 Purchased 225 units at $86 October 30 Sold 175 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system and the first-in, first-out inventory costing method are used? a. $10,125 b. $14,675 c. $18,725 d....
Roadside, Inc had the following balances and transactions during 2018 Beginning Merchandise Inventory 20 units at...
Roadside, Inc had the following balances and transactions during 2018 Beginning Merchandise Inventory 20 units at $74 March 10 Sold 18 units June 10 Purchased 40 units at 584 October 30 Sold 34 unite What is the amount of the company's ending Merchandise Inventory, as disclosed in the December 31, 2018 balance sheet using the periodic LIFO inventory costing method? O A $672 B. 5044 OC 5504 OD 5592 Click to select your answer Type here to search o
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
Need it in real hurry! thanks
Wol 30 ( complete) This Test: 100 pts possible Jones Retail, had the following balances and transactions during 2017 Beginning Inventory June 10 December 30 December 31 20 units at $72 Purchased 30 units at $83 Sold 25 units Replacement cost $67 The company maintains its records of inventory on a perpetual basis using the first - in, first-out inventory costing method. Calculate the amount of ending Merchandise Inventory on December 31, 2017 using...
10) Madison, Inc. had the following balances and transactions during 2017 Beginning Inventory June 10 December 30 December 31 40 units at $72 Purchased 120 units at $76 Sold 113 units Replacement cost $79 The company maintains its records of inventory on a perpetual basis using the last-in, first-out inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2017 using the lower-of-cost-or-market rule. (Round any intermediate calculations two decimal places, and your final answer to the...
Baldwin, Inc. had the following balances and transactions during 2025 Beginning Merchandise Inventory as of January 1, 2025 100 units at $81 March 10 Sold 50 units June 10 Purchased 250 units at 586 October 30 Sold 150 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2025 the perpetual inventory system and the first - in, first-out inventory costing method are used? O A $8,100 B. $16,700 C....
Question Hep Metro Computer, Inc. had the following balances and transactions during 2017 Beginning Merchandise Inventory as of January 1, 2017 320 units at $70 March 10 to p Sold 80 units Purchased 1,280 units at $76 Sold 125 units June 10 October 30 What would the company's anding merchandise inventory amount be on December 31,2017 if the perpetual inventory system and the last-in, fist-out inventory costing method are used? utions O A. $97.280 O B. $119.680 O C. $15,100...
Baldwin Company had the following balances and transactions during 2019 Beginning Merchandise Inventory as of January 1, 2019 100 units at $81 March 10 Sold 70 units June 10 Purchased 200 units at $34 October 30 Sold 170 units What would be reported as Cost of Goods Sold on the income statement for the year onding December 31, 2019 if the perpetual invertory system and the first in first-out inventory costing method are used? O A. $19,860 OB. $8.100 OC....
Roadside, Inc had the following balances and transactions during 2018 Beginning Merchandise Inventory 20 units at $74 March 10 Sold 18 units June 10 Purchased 40 units at 584 October 30 Sold 34 unite What is the amount of the company's ending Merchandise Inventory, as disclosed in the December 31, 2018 balance sheet using the periodic LIFO inventory costing method? O A $672 B. 5044 OC 5504 OD 5592 Click to select your answer Type here to search o
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
Most questions answered within 3 hours.
-
According to the network system security, please explain:
1- What is canary and how it does...
asked 1 hour ago -
Study the provided BagInterface and the methods implemented in
the ResizableArrayBag
For the following methods that...
asked 1 hour ago -
Enter your answer in the provided box. To what fraction of its
original volume, Vfinal/Vinitial, must...
asked 1 hour ago -
Can you figure out if any R functions used to subset a time
series 1 or...
asked 2 hours ago -
Which of the following is correct?
A. APC + MPS = 1
B. APS + MPS...
asked 2 hours ago -
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 3 hours ago -
Compare and contrast the linear motion and angular motion
equations F ma and . That is,...
asked 3 hours ago -
Now that this course has taken you on a journey of introduction
to the world of...
asked 3 hours ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 6 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 5 hours ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 7 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 6 hours ago