Question

Pearl Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is avai
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer- Periodic - LIFO method :- Lenuts of goods aveulable for sale = 310 -4 420 -4 270 = 1000 units units sold = 650 units

Add a comment
Know the answer?
Add Answer to:
Pearl Company uses a periodic inventory system. For April, when the company sold 650 units, the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Buffalo Company uses a periodic inventory system. For April, when the company sold 650 units, the...

    Buffalo 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 $34 $ 10,540 April 15 purchase 420 41 17,220 April 23 purchase 270 44 11,880 1,000 $39,640 (a) Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per unit $ B. The parts of this question must be completed in order. This part...

  • Brief Exercise 8-4 Sweet Company uses a periodic inventory system. For April, when the company sold...

    Brief Exercise 8-4 Sweet 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 $34 $ 10,540 April 15 purchase 420 41 17,220 April 23 purchase 270 44 11,880 1,000 $39,640 Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per unit $ LINK TO TEXT Compute the April 30 inventory and the April...

  • 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.

  • 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 $

  • 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 $ $

  • 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

  • Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the...

    Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost $16 270 April 1 inventory April 15 purchase April 23 purchase 410 19 21 Total Cost $ 4,320 7,790 6,720 $18,830 320 1,000 Compute the April 30 inventory and the April cost of goods sold using the FIFO 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

  • 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

  • *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

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT