calculate number of units sold each year with units in beginning inventory year 1 =0. units...
calculate number of units sold each year with units in beginning inventory year 1 =0. units manufactured starting with year 1 is,118000,290000,320000. Units sold = ? units in ending inventory is 18000,66000,114000. need to know the beginning inventory and units sold for all three years other then beginning inventory year 1
Homework Answers
Please find below the solution.. let me know if you need any clarification..
| Year | 1 | 2 | 3 | |||
| i | Beginning inventory | 0 | 18000 | 66000 | ||
| ii | Manufactured | 118000 | 290000 | 320000 | ||
| iii | Ending inventory | 18000 | 66000 | 114000 | ||
| iv=i+ii-iii | Unit sold | 100000 | 242000 | 272000 | ||
| Note: Beginning inventory will be ending inventory of the last year. |
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calculate number of units sold each year with units in beginning
inventory year 1 =0. units...
Number of Units Unit Cost Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase...
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units sold is 290
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Scoresby Inc. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. Units 1,500 Unit Cost $30 31 Transactions a. Inventory, Beginning For the year: b. Purchase, March 5 c. Purchase, September 19 d. Sale, April 15 (sold for $75 per...
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