Cost of goods sold = Beginning Inventory + Inventory purchased – Ending Inventory
$3,230 = $1,150 + Inventory purchased - $1,630
Inventory purchased = $3,230 - $1,150 + $1,630
Inventory purchased = $3,710
“Hence, the Inventory purchased during the period will be $3,710”
12 Taylor Co. had beginning inventory of $1150 and ending inventory of $1,630. Taylor Co. had...
Uw MDOS IV ure yer you weru. Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following information 11 Jan 1 Jan 12 Jan 18 Jan 21 Jan 25 Jan 31 Beginning inventory Purchase Sales Purchase Purchase Sales 800 units $3.30 900 units # $3.10 1,000 units $4.80 BOD units $3.40 600 units $3.20 950 units $4.80 00.2004 Assuming Chase uses a LIFO cost flow method, what is the amount of cost of goods sold...
Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following Jan 1 Beginning inventory 300 units @ $ 2.30 Jan 12 Purchase 400 units @ $ 2.10 Jan 18 Sales 500 units @ $ 3.80 Jan 21 Purchase 300 units @ $ 2.40 Jan 25 Purchase 100 units @ $ 2.20 Jan 31 Sales 450 units @ $ 3.80 Assuming Chase uses a FIFO cost flow method, the cost of goods sold for the sales...
Chase Co. uses the perpetual Inventory method. The inventory records for Chase reflected the following Jan 1 Beginning inventory Jan 12 Purchase Jan 18 Sales Jan 21 Purchase Jan 25 Purchase Jan 31 Sales 2,000 units @ $5.70 2,100 units @ $5.50 2,200 units @ $7.20 2,000 units @ $5.80 1,800 units @ $5.60 2,150 units @ $7.20 Assuming Chase uses a FIFO cost flow method, the cost of goods sold for the sales transaction on January 31 is: Multiple...
Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following Jan 1 Beginning inventory 2,200 units @ $ 6.10 Jan 12 Purchase 2,300 units @ $ 5.90 Jan 18 Sales 2,400 units @ $ 7.60 Jan 21 Purchase 2,200 units @ $ 6.20 Jan 25 Purchase 2,000 units @ $ 6.00 Jan 31 Sales 2,350 units @ $ 7.60 Assuming Chase uses a FIFO cost flow method, the ending inventory on January 31 is: Multiple...
Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following information: Jan 1 Beginning inventory 1,100 units @ $3.90 Jan 12 Purchase 1,200 units @ $3.70 Jan 18 Sales 1,300 units @ $5.40 Jan 21 Purchase 1,100 units @ $4.00 Jan 25 Purchase 900 units @ $3.80 Jan 31 Sales 1,250 units @ $5.40 TB MC Qu. 05-55 Assuming Chase uses a LIFO cost flow... 1. Assuming Chase uses a LIFO cost flow method, what...
Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following information: Jan 1 Beginning inventory 1000 units @ $3.70 Jan 12 Purchase 1100 units @ $3.50 Jan 18 Sales 1200 units @ $5.20 Jan 21 Purchase 1000 units @ $3.80 Jan 25 Purchase 800 units @ $3.60 Jan 31 Sales 1150 units @ $5.20 Assuming Chase uses a LIFO cost flow method, what is the amount of cost of goods sold for the sales transaction...
Test 2 Help The inventory records for Radford Co. reflected the following: oo 1 Beginning inventory May 1 First purchase May 7 Second purchase May 17 Third purchase. May 23 Sales May 31 ,100 units $3.80 1,200 units $4.00 1.400 units $4.10 .000 units $4.20 3,600 units . $5.70 1 Part 2 of 3 points What is the amount of cost of goods sold assuming the LIFO cost flow method? 3144 1 0 $15,120 t 0 $14740 0 0 <...
Chase Company uses the perpetual inventory method. The inventory records for Chase reflected the following information: January 1 January 12 January 18 January 21 January 25 January 31 Beginning inventory Purchase Sales Purchase Purchase Sales 400 units @ $2.50 500 units @ $2.30 600 units @ $4.00 400 units @ $2.60 200 units @ $2.40 550 units @ $4.00 Assuming Chase uses a FIFO cost flow method, what is the cost of goods sold for the sales transaction on January...
Santos Inc. had the following information for the preceding year: Beginning Ending Inventory Inventory (1/1) (12/31) $ 49,000 $ 31,300 $ 38,000 $ ?? $ 30,500 $ ?? Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $205,700 $157,200 $167,000 $527,000 $553,700 What was the ending Work in Process Inventory balance on 12/31? What was...
The records of Alberta Inc. included the following information: Cost of goods sold Beginning inventory Ending inventory $1,850,000 440,000 475,000 What is the inventory turnover ratio? (Round your answer to two decimal places.) Multiple Choice o 4.20 times o 2.00 times o 3.89 times o o 4.04 times 4.04 times AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory Purchase on January 25 Purchase on March 15 Purchase on October...