s record of transactions for the month of April was as follows. Purchases Sales April 1...
Flint Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
708
@
$5.00
April 3
590
@
$10.00
4
1,770
@
5.09
9
1,652
@
10.00
8
944
@
5.38
11
708
@
11.00
13
1,416
@
5.48
23
1,416
@
11.00
21
826
@
5.68
27
1,062
@
12.00
29
590
@
5.87
5,428
6,254
Assuming that periodic inventory records are kept in units only,
compute the inventory at...
BLANK Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
708
@
$5.00
April 3
590
@
$10.00
4
1,770
@
5.09
9
1,652
@
10.00
8
944
@
5.38
11
708
@
11.00
13
1,416
@
5.48
23
1,416
@
11.00
21
826
@
5.68
27
1,062
@
12.00
29
590
@
5.87
5,428
6,254
Assuming that perpetual inventory records are kept in dollars,
determine the inventory using (1)...
BLANK Company’s record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 708 @ $5.00 April 3 590 @ $10.00 4 1,770 @ 5.09 9 1,652 @ 10.00 8 944 @ 5.38 11 708 @ 11.00 13 1,416 @ 5.48 23 1,416 @ 11.00 21 826 @ 5.68 27 1,062 @ 12.00 29 590 @ 5.87 5,428 6,254 Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO....
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...
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 periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answert...
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...
Larson Company’s record of transactions for the month of April
was as follows. Purchases Sales April 1
Show your calculations.
A. Calculate Ending Inventory and Cost of Goods Sold using the
periodic average cost method.
B. Calculate Ending Inventory and Cost of Goods Sold using the
periodic LIFO method.
C. Calculate Ending Inventory and Cost of Goods Sold using the
periodic FIFO method.
D. What is Gross Profit using the periodic FIFO method?
Purchases Sales April 1 (balance on hand)...
Nash Company's record of transactions for the month of April was as follows. Purchases Sales 360 S6.00 April 3 300@ $10.00 9 840 10.00 11 360 11.00 23 720 11.00 April 1 (balance on hand 900 6.08 4 8 480e 6.40 720 650 420 6.60 13 27 540@ 12.00 21 300 6.79 2.760 29 3.180 Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2 decimal places, es. 2.76 Average-cost per...
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 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...