Company reports the following for the month of June.
Compute/ the cost of the ending inventory and /the cost of goods sold under FIFO/ and LIFO.
Homework Answers
Add Answer to:
Company reports the following for the month of June.
Compute/ the cost of the ending inventory...
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
Yount Company reports the following for the month of June:
Yount Company reports the following for the month of June:Date Explanation Units Unit Cost Total CostJune 1 Inventory 200 $5 $1,000June 12 Purchases 300 6 1,800June 23 Purchases 500 7 3,500June 30 Inventory 120Incorrect.Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO.
Kaleta Company uses the perpetual inventory system and reports the following for the month of June....
Kaleta Company uses the perpetual inventory system and reports
the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
200
$5
$1,000
12
Purchase
400
6
2,400
23
Purchase
300
7
2,100
30
Inventory
100
Assume a sale of 440 units occurred on June 15 for a selling price
of $8 and a sale of 360 units on June 27 for $9.
Calculate the cost of the ending inventory and the cost of...
Bonita Company reports the following for the month of June. Date Explanation Units Unit Cost Total...
Bonita Company reports the following for the month of
June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
200
$3
$600
12
Purchase
400
6
2,400
23
Purchase
400
7
2,800
30
Inventory
50
Assume a sale of 500 units occurred on June 15 for a selling price
of $8 and a sale of 450 units on June 27 for $9.
Your answer is correct.
Calculate cost of goods available for sale.
The cost of goods available for...
Exercise 6-09 al,a2, b Oriole Company reports the following for the month of June. Units Unit...
Exercise 6-09 al,a2, b Oriole Company reports the following for the month of June. Units Unit Cost Total Cost $5 June 1 12 350 500 350 $ 1,750 3,000 Inventory Purchase Purchase Inventory 6 23 7 2,450 30 160 Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost $ LINK TO TEXT Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to...
Novak Corp. uses the periodic inventory system and reports the following for the month of June....
Novak Corp. uses the periodic inventory system and reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 440 $4 $ 1,760 12 Purchase 880 8 7,040 23 Purchase 660 12 7,920 30 Inventory 220 Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost $8.44 Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to 0...
Issignment ACES tice Exercise ZIT Pronghorn Company reports the following for the month of June. Date...
Issignment ACES tice Exercise ZIT Pronghorn Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost tudy June 1 12 23 30 Inventory Purchase Purchase Inventory 360 840 1,200 448 $2,160 5,880 9,600 8 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost final answers to 0 decimal places, e.g. 2,520.) Car piace e.. 220. FIFO LIFO AVERAGE COST Ending inventory Cost of goods...
Exercise 211 (Part Level Submission) Culver Company reports the following for the month of June. Date Explanation Units...
Exercise 211 (Part Level Submission) Culver Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost 180 $4 $720 Inventory Purchase June 1 12 23 30 4205 6006 224 2,100 3,600 Purchase Inventory (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 2,520.) FIFO...
Patricia Company reports the following for the month of June. Date Explanation Units Unit Cost Total...
Patricia Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 340 $5 $1,700 12 Purchase 640 6 3,840 23 Purchase 840 7 5,880 Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 710 units occurred on June 15 for a selling price of $8 and a sale of 740 units on June...
Current Attempt in Progress Grouper Corp. reports the following for the month of June. Date Explanation Units Unit Cost...
Current Attempt in Progress Grouper Corp. reports the following for the month of June. Date Explanation Units Unit Cost Total Cost $5 $600 June 1 Inventory 120 12 Purchases 361 6 2,166 Purchases 23 214 7 1,498 30 Inventory 225 (a) Compute the cost of the ending inventory and the cost of goods sold under FI FO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.)...
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
Kaleta Company uses the perpetual inventory system and reports
the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
200
$5
$1,000
12
Purchase
400
6
2,400
23
Purchase
300
7
2,100
30
Inventory
100
Assume a sale of 440 units occurred on June 15 for a selling price
of $8 and a sale of 360 units on June 27 for $9.
Calculate the cost of the ending inventory and the cost of...
Bonita Company reports the following for the month of
June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
200
$3
$600
12
Purchase
400
6
2,400
23
Purchase
400
7
2,800
30
Inventory
50
Assume a sale of 500 units occurred on June 15 for a selling price
of $8 and a sale of 450 units on June 27 for $9.
Your answer is correct.
Calculate cost of goods available for sale.
The cost of goods available for...
Exercise 6-09 al,a2, b Oriole Company reports the following for the month of June. Units Unit Cost Total Cost $5 June 1 12 350 500 350 $ 1,750 3,000 Inventory Purchase Purchase Inventory 6 23 7 2,450 30 160 Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost $ LINK TO TEXT Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to...
Issignment ACES tice Exercise ZIT Pronghorn Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost tudy June 1 12 23 30 Inventory Purchase Purchase Inventory 360 840 1,200 448 $2,160 5,880 9,600 8 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost final answers to 0 decimal places, e.g. 2,520.) Car piace e.. 220. FIFO LIFO AVERAGE COST Ending inventory Cost of goods...
Exercise 211 (Part Level Submission) Culver Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost 180 $4 $720 Inventory Purchase June 1 12 23 30 4205 6006 224 2,100 3,600 Purchase Inventory (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 2,520.) FIFO...
Current Attempt in Progress Grouper Corp. reports the following for the month of June. Date Explanation Units Unit Cost Total Cost $5 $600 June 1 Inventory 120 12 Purchases 361 6 2,166 Purchases 23 214 7 1,498 30 Inventory 225 (a) Compute the cost of the ending inventory and the cost of goods sold under FI FO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.)...
Most questions answered within 3 hours.
-
The Question: Cryptography is behind the scenes
of much of the security of the internet. These...
asked 1 hour ago -
Important Information to answer the question:
Scale Solar Power Energy
The average price of a 4KW...
asked 2 hours ago -
Lowell Corp. sells $100,000 of bonds to private investors. The
bonds are due in five years,...
asked 3 hours ago -
3) Do you believe that Disney’s
acquisition-based growth strategy is sustainable?
4) Which competencies support this...
asked 3 hours ago -
Rank the following three stocks by their total risk level highest
to lowest night writer has...
asked 4 hours ago -
A local
electronic company primarily manufactures four highly technical
telecommunication products. Each product must be processed...
asked 5 hours ago -
•Describe the basic structure of collagen monomers •Explain how
amino acid composition of collagen contributes to...
asked 6 hours ago -
Compute the sample correlation coefficient
r for each of the following data sets.
(Use 3 decimal...
asked 7 hours ago -
5a. What are the advantages and disadvantages of Proxy ARP?
b. What is the TTL field...
asked 7 hours ago -
An ice cube (density = 900[kg/m3]) with a side length of
2.54[cm] is held by a...
asked 9 hours ago -
would you say that leaders in the international context are born
or made? That is, can...
asked 9 hours ago -
Instructions
Read the Digital Trends article "Solid state drives are speedier
than hard disk drives. Are...
asked 9 hours ago