Homework Answers
| Date | Particulars | Units | Rate | Amount | |
| 1-Apr | Inventory | 260 | $ 29.00 | $ 7,540.00 | |
| 15-Apr | Purchase | 360 | $ 35.00 | $ 12,600.00 | |
| 23-Apr | Purchase | 380 | $ 38.00 | $ 14,440.00 | |
| Goods available | 1000 | $ 34,580.00 | |||
| Sales | |||||
| From | 23-Apr | 380 | $ 38.00 | $ 14,440.00 | |
| From | 15-Apr | 70 | $ 35.00 | $ 2,450.00 | |
| Cost of Goods Sold | 450 | $ 16,890.00 | |||
| Ending Inventory | |||||
| From | 15-Apr | 290 | $ 35.00 | $ 10,150.00 | |
| From | 1-Apr | 260 | $ 29.00 | $ 7,540.00 | |
| Ending Inventory | 550 | $ 17,690.00 | |||
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x Your answer is incorrect. Try again. Waterway Company uses a periodic inventory system. For April,...
Coronado Company uses a periodic inventory system. For April, when the company sold 450 units, the...
Coronado Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost $7,260 April 1 inventory April 15 purchase April 23 purchase 330 380 290 $22 26 29 9.880 8.410 $25,550 1.000 Compute the April 30 inventory and the April cost of goods sold using the LIFO method, Ending inventory Cost of goods sold $ $ e Textbook and Media Attempts: 1 of 3 used Save for...
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the...
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the...
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
CALCU Brief Exercise 196 x Your answer is incorrect. Try again. Blue Spruce Company's inventory records show the fo...
CALCU Brief Exercise 196 x Your answer is incorrect. Try again. Blue Spruce Company's inventory records show the following data for the month of September: Inventory, September 1 Purchases: September 8 September 18 Units Unit Cost 80 $2.90 450 3.50 300 3.90 A physical inventory on September 30 shows 140 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system. Ending inventory Cost of...
*Brief Exercise 8-6 Nash Company uses a periodic inventory system. For April, when the company sold 600 units, the f...
*Brief Exercise 8-6 Nash Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory $ 8,680 280 $31 April 15 purchase 450 37 16,650 270 April 23 purchase 10,800 40 1,000 $36,130 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
Pearl Company uses a periodic inventory system. For April, when the company sold 650 units, the...
Pearl Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available Units Unit Cost Total Cost April 1 Inventory $34 $ 10,540 April 15 purchase 41 17,220 April 23 purchase 270 11,880 1,000 $39,640 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending Inventory Cost of goods sold
Bonita Company uses a periodic inventory system. For April, when the company sold 550 units, the...
Bonita Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Unit Cost $19 April 1 inventory April 15 purchase April 23 purchase Units 300 410 290 1,000 Total Cost $ 5,700 9,430 7,250 $22,380 25 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the...
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units 300 April 1 inventory April 15 purchase April 23 purchase Unit Cost $33 40 440 260 Total Cost $ 9,900 17,600 11,180 $38,680 43 1,000 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Waterway Company uses a periodic system reports the following for the month of June. Unit Cost...
Waterway Company uses a periodic system reports the following for the month of June. Unit Cost $7 8 June 1 12 23 30 Units 300 300 420 310 110 Inventory Purchase Purchase Inventory Total Cost $ 2,100 3,360 2,790 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. FIFO LIFO Cost of the ending inventory Cost of goods sold
Wildhorse Company uses a periodic inventory system. For April, when the company sold 570 units, the...
Wildhorse Company uses a periodic inventory system. For April, when the company sold 570 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 250 $28 34 $7,000 11,900 April 15 purchase 350 April 23 purchase 400 36 14,400 $33,300 1,000 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold $ $
Coronado Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost $7,260 April 1 inventory April 15 purchase April 23 purchase 330 380 290 $22 26 29 9.880 8.410 $25,550 1.000 Compute the April 30 inventory and the April cost of goods sold using the LIFO method, Ending inventory Cost of goods sold $ $ e Textbook and Media Attempts: 1 of 3 used Save for...
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
CALCU Brief Exercise 196 x Your answer is incorrect. Try again. Blue Spruce Company's inventory records show the following data for the month of September: Inventory, September 1 Purchases: September 8 September 18 Units Unit Cost 80 $2.90 450 3.50 300 3.90 A physical inventory on September 30 shows 140 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system. Ending inventory Cost of...
*Brief Exercise 8-6 Nash Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory $ 8,680 280 $31 April 15 purchase 450 37 16,650 270 April 23 purchase 10,800 40 1,000 $36,130 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
Pearl Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available Units Unit Cost Total Cost April 1 Inventory $34 $ 10,540 April 15 purchase 41 17,220 April 23 purchase 270 11,880 1,000 $39,640 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending Inventory Cost of goods sold
Bonita Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Unit Cost $19 April 1 inventory April 15 purchase April 23 purchase Units 300 410 290 1,000 Total Cost $ 5,700 9,430 7,250 $22,380 25 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units 300 April 1 inventory April 15 purchase April 23 purchase Unit Cost $33 40 440 260 Total Cost $ 9,900 17,600 11,180 $38,680 43 1,000 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Waterway Company uses a periodic system reports the following for the month of June. Unit Cost $7 8 June 1 12 23 30 Units 300 300 420 310 110 Inventory Purchase Purchase Inventory Total Cost $ 2,100 3,360 2,790 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. FIFO LIFO Cost of the ending inventory Cost of goods sold
Wildhorse Company uses a periodic inventory system. For April, when the company sold 570 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 250 $28 34 $7,000 11,900 April 15 purchase 350 April 23 purchase 400 36 14,400 $33,300 1,000 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold $ $
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