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8. ---Perpetual LIFO and Periodic FIFO. Matlock Corporation sells item A...
how is C & D calculated? 2. Matlock Corporation sells item A as part of its...
how is C & D calculated?
2. Matlock Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the six months of 2018. Quantities Purchased Sold Unit Price of Purchase $3.65 $3.90 1,300 Date January 11 January 24 February 8 March 16 June 11 Balance 400 1,700 1,400 840 1,440 - 300 560 - 600 $4.10 Required: a. Compute the ending...
Ivanhoe Corporation sells item A as part of its product line. Information as to balances on...
Ivanhoe Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Unit Price of Purchase $4.60 $4.8 Date January 11 January 24 February 8 March 16 June 11 Purchased Sold Balance 480 1,310 - 1,790 - 380 1,410 - 570 840 670 - 1,510 $5.2 Compute the ending inventory at June 30 under the...
Testbank Exercise 154 Sandhill Corporation sells item A as part of its product line. Information as...
Testbank Exercise 154 Sandhill Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Unit Price of Purchase $4.50 $4.8 Date January 11 January 24 February 8 March 16 June 11 Purchased Sold Balance - 440 1,330 1,770 - 340 1,430 - 610 820 620 - 1,440 $5.2 Compute the ending inventory at June...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 15 units at $28 $420 Aug. 7 Purchase 18 units at $31 558 Dec. 11 Purchase 14 units at $33 462 47 units $1,440 There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out...
E8-10 (L03) (FIFO and LIFO—Periodic and Perpetual) Inventory information for Part 311 of Monique Aaron Corp....
E8-10 (L03) (FIFO and LIFO—Periodic and Perpetual) Inventory information for Part 311 of Monique Aaron Corp. dis- closes the following information for the month of June. June 1 11 20 Balance Purchased Purchased 300 units @ $10 800 units @ $12 500 units @ $13 June 10 15 27 Sold Sold Sold 200 units 500 units 300 units $24 $25 $27 Instructions (a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 10 units at $29 $290 Aug. 7 Purchase 19 units at $31 589 Dec. 11 Purchase 10 units at $32 320 39 units $1,199 There are 17 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out...
I just need the answers to 5a. and 5b. Neverstop Corporation sells item A as part...
I just need the answers to 5a.
and 5b.
Neverstop Corporation sells item A as part of its product line. Information about the beginning inventory, purchases, and sales of item A are given in the following table for the first six months of 2017. The company uses a perpetual inventory system: Purchases Sales Number of Units Sales Price Number of Units 565 Unit Cost $3.80 Date January 1 (beginning inventory) January 24 February 8 March 16 June 11 $5.30 665...
periodic inventory using FIFO, LIFO, and weighted average cost methods Periodic Inventory Using FIFO, LIFO, and...
periodic inventory using FIFO, LIFO, and weighted average cost
methods
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 12 units at $35 $420 Jan. 1 Inventory 540 Purchase 15 units at $36 Aug. 7 380 Purchase 10 units at $38 Dec. 11 $1,340 37 units There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 7 units at $26 $182 Aug. 7 Purchase 17 units at $29 493 Dec. 11 Purchase 11 units at $30 330 35 units $1,005 There are 16 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 11 units at $32 Jan. 1 $352 Inventory 16 units at $34 Purchase Aug. 7 544 12 units at $36 Purchase Dec. 11 432 39 units $1,328 There are 16 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out...
how is C & D calculated?
2. Matlock Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the six months of 2018. Quantities Purchased Sold Unit Price of Purchase $3.65 $3.90 1,300 Date January 11 January 24 February 8 March 16 June 11 Balance 400 1,700 1,400 840 1,440 - 300 560 - 600 $4.10 Required: a. Compute the ending...
Ivanhoe Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Unit Price of Purchase $4.60 $4.8 Date January 11 January 24 February 8 March 16 June 11 Purchased Sold Balance 480 1,310 - 1,790 - 380 1,410 - 570 840 670 - 1,510 $5.2 Compute the ending inventory at June 30 under the...
Testbank Exercise 154 Sandhill Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Unit Price of Purchase $4.50 $4.8 Date January 11 January 24 February 8 March 16 June 11 Purchased Sold Balance - 440 1,330 1,770 - 340 1,430 - 610 820 620 - 1,440 $5.2 Compute the ending inventory at June...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 15 units at $28 $420 Aug. 7 Purchase 18 units at $31 558 Dec. 11 Purchase 14 units at $33 462 47 units $1,440 There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out...
E8-10 (L03) (FIFO and LIFO—Periodic and Perpetual) Inventory information for Part 311 of Monique Aaron Corp. dis- closes the following information for the month of June. June 1 11 20 Balance Purchased Purchased 300 units @ $10 800 units @ $12 500 units @ $13 June 10 15 27 Sold Sold Sold 200 units 500 units 300 units $24 $25 $27 Instructions (a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory...
I just need the answers to 5a.
and 5b.
Neverstop Corporation sells item A as part of its product line. Information about the beginning inventory, purchases, and sales of item A are given in the following table for the first six months of 2017. The company uses a perpetual inventory system: Purchases Sales Number of Units Sales Price Number of Units 565 Unit Cost $3.80 Date January 1 (beginning inventory) January 24 February 8 March 16 June 11 $5.30 665...
periodic inventory using FIFO, LIFO, and weighted average cost
methods
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 12 units at $35 $420 Jan. 1 Inventory 540 Purchase 15 units at $36 Aug. 7 380 Purchase 10 units at $38 Dec. 11 $1,340 37 units There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 7 units at $26 $182 Aug. 7 Purchase 17 units at $29 493 Dec. 11 Purchase 11 units at $30 330 35 units $1,005 There are 16 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out...
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 11 units at $32 Jan. 1 $352 Inventory 16 units at $34 Purchase Aug. 7 544 12 units at $36 Purchase Dec. 11 432 39 units $1,328 There are 16 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out...
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