Bramble Company uses a periodic inventory system. For April, when the company sold 650 units, the...
Bramble 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 |
350 | $24 | $ 8,400 | |||||
|
April 15 purchase |
370 | 29 | 10,730 | |||||
|
April 23 purchase |
280 |
31 |
8,680 |
|||||
|
1,000 |
$27,810 |
|||||||
Compute the April 30 inventory and the April cost of goods sold
using the LIFO method.
Homework Answers
|
Inventory = 350*24 = 8,400 |
|
|
Cost of Goods Sold using Lifo = (280*31) + (370*29) = 8680 + 10730 = 19,410 |
|
Add Answer to:
Bramble 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...
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
Metlock Company uses a periodic inventory system. For April, when the company sold 650 units, the...
Metlock Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Total Cost April 1 inventory April 15 purchase April 23 purchase Units 310 390 300 1,000 Unit Cost $20 24 26 $ 6,200 9,360 7,800 $23,360 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
*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
Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the...
Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 280 $17 $ 4,760 April 15 purchase 420 20 8,400 April 23 purchase 300 22 6,600 1,000 $19,760 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $enter a dollar amount Cost of goods sold $enter a dollar amount
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 $ $
Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the...
Kingbird 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 280 $31 $8,680 April 15 purchase 450 37 16,650 April 23 purchase 270 40 10,800 1,000 $36,130 Your answer is correct. Calculate weighted average cost per unit. (Round answer to 2 decimal places, eg. 2.76) Weighted average cost per unit $ 36.13 eTextbook and Media X Your answer is incorrect. Compute the...
Question 4 Metlock Company uses a periodic inventory system. For April, when the company sold 650...
Question 4 Metlock 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 310 $20 $ 6,200 April 15 purchase 390 9,360 April 23 purchase 300 7,800 1,000 $23,360 24 26 (b) Compute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to decimal places, a.. 2,760.) Ending Inventory Cost of goods sold Click if...
Blue Company uses a periodic inventory system. For April, when the company sold 500 units, the...
Blue Company uses a periodic inventory system. For April, when the company sold 500 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 290 $32 $9,280 April 15 purchase 430 38 16,340 April 23 purchase 280 11,760 1,000 $37,380 Compute the April 30 inventory and the April cost of goods sold using the FIFO 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
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
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
Metlock Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Total Cost April 1 inventory April 15 purchase April 23 purchase Units 310 390 300 1,000 Unit Cost $20 24 26 $ 6,200 9,360 7,800 $23,360 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
*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
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 $ $
Kingbird 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 280 $31 $8,680 April 15 purchase 450 37 16,650 April 23 purchase 270 40 10,800 1,000 $36,130 Your answer is correct. Calculate weighted average cost per unit. (Round answer to 2 decimal places, eg. 2.76) Weighted average cost per unit $ 36.13 eTextbook and Media X Your answer is incorrect. Compute the...
Question 4 Metlock 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 310 $20 $ 6,200 April 15 purchase 390 9,360 April 23 purchase 300 7,800 1,000 $23,360 24 26 (b) Compute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to decimal places, a.. 2,760.) Ending Inventory Cost of goods sold Click if...
Blue Company uses a periodic inventory system. For April, when the company sold 500 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 290 $32 $9,280 April 15 purchase 430 38 16,340 April 23 purchase 280 11,760 1,000 $37,380 Compute the April 30 inventory and the April cost of goods sold using the FIFO 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
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
Most questions answered within 3 hours.
-
Classify the tonicity of a solution made by dissolving 12mg of
sodium chloride in 1.0mL of...
asked 3 minutes ago -
Consider the equilibrium reaction: 2A (aq) + 3B (aq) <-->
C (aq) (in my notation <-->...
asked 4 minutes ago -
A recent poll found that 21% of a random sample of 1200 people
lost jobs due...
asked 10 minutes ago -
Indicate whether aqueous solutions of the following substances
contain ions. If so, write formulas for the...
asked 5 minutes ago -
Include at least one psychology theory, model or concept
discussed in Chapter 1, 2 or the...
asked 15 minutes ago -
Need help in drawing out a map pathway of pentose phosphate
pathway and pyruvate dehydrogenase/citric acid...
asked 22 minutes ago -
Question 1
At the end of Year 6,
South Co.'s tax department estimates that they will...
asked 24 minutes ago -
Use standard enthalpies of formation to determine
ΔHorxn for:
1. 3NO2(g) + H2O(l) → 2HNO3(aq)
+...
asked 28 minutes ago -
Abigail Adams was hired as an associate professor of economics
at Heartland University. She was the...
asked 31 minutes ago -
consider the overall reaction: AB(g) + CB(g) ⟶ A(g) + CB2(g)
A proposed mechanism for this...
asked 38 minutes ago -
In fruit flies, assume bright red eyes (r) and curly wing (w)
are encoded by two...
asked 53 minutes ago -
Consider the compounds represented by the following names:
Compound A: 2,3-dimethylpentane Compound B: 3,4-dimethyl-3-pentene
Compound C:...
asked 58 minutes ago