explain the answers please! Hemming Co. reported the following current-year purchases and sales for its only...
Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 260 units @ $12.40 = $ 3,224 Jan. 10 Sales 215 units @ $42.40 Mar. 14 Purchase 420 units @ $17.40 = 7,308 Mar. 15 Sales 380 units @ $42.40 July 30 Purchase 460 units @ $22.40 = 10,304 Oct. 5 Sales 425 units @ $42.40 Oct. 26 Purchase 160 units @...
Required information [The following information applies to the questions displayed below.] Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 260 units @ $12.40 = $ 3,224 Jan. 10 Sales 215 units @ $42.40 Mar. 14 Purchase 420 units @ $17.40 = 7,308 Mar. 15 Sales 380 units @ $42.40 July 30 Purchase 460 units @ $22.40 = 10,304 Oct. 5 Sales...
Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 260 units @ $12.40 = $ 3,224 Jan. 10 Sales 215 units @ $42.40 Mar. 14 Purchase 420 units @ $17.40 = 7,308 Mar. 15 Sales 380 units @ $42.40 July 30 Purchase 460 units @ $22.40 = 10,304 Oct. 5 Sales 425 units @ $42.40 Oct. 26 Purchase 160 units @ $27.40...
Requlled information [The following information applies to the questions displayed below) Hemming Co. reported the following current-year purchases and sales for its only product Units Sold at Retall Units Acquired at Cost 260 units $12.4e - $ 3,224 215 units @ $42.48 420 units $17.40 = 7,388 Date Activities Jan. 1 Beginning inventory Jan, 10 Sales Mar. 14 Purchase Mar. 15 Sales July Be Purchase Oct. 5 Sales Oct. 26 Purchase Totals 380 units @ $42.40 460 units $22.40 =...
Help needed Required information [The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 260 units @ $12.40 = $ 3, 224 Jan. 10 Sales 215 units @ $42.40 Mar. 14 Purchase 420 units @ $17.40 = 7, 308 Mar.15 Sales 380 units @ $42.40 July 30 Purchase 460 units @ $22.40 = 10,...
Hemming Co. reported the following current-year purchases and sales for its only product. DateActivitiesUnits Acquired at CostUnits Sold at RetailJan.1Beginning inventory300units@ $14.00=$4,200Jan.10Sales250units@ $44.00Mar.14Purchase520units@ $19.00=9,880Mar.15Sales460units@ $44.00July30Purchase500units@ $24.00=12,000Oct.5Sales480units@ $44.00Oct.26Purchase200units@ $29.00=5,800Totals1,520units$31,8801,190unitsRequired:Hemming uses a perpetual inventory system. 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.3. Compute the gross margin for FIFO method and LIFO method.
Hemming Co. reported the following current-year purchases and sales for its only product. Requieu UMTALIUI [The following information applies to the questions displayed below.] Hemming Co. reported the following current-year purchases and sales for its only product. Units Sold at Retail Units Acquired at Cost 265 units @ $12.60 = $ 3,339 430 units @ $17.60 = 7,568 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct....
Hemming Co. reported the following current-year purchases and sales for its only product. Date Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase Activities Units Acquired at Cost 35 units $11.40$ 1,539 285 units$16.404,674 435 units $21.40 9,309 635 units$26.40 Units Sold at Retail 25 units $41.40 175 units $41.40 265 units $41.40 Totals 1,490 units 32,286 565 units Hemming uses a periodic inventory system 2. Determine...
Hemming Co. reported the following current-year purchases and sales for its only product.Required: Hemming uses a perpetual inventory system. 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. 3. Compute the gross margin for FIFO method and LIFO method.
Hemming Co. reported the following current-year purchases and sales for its only product Required: Hemming uses a perpetual inventory system. 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. 3. Compute the gross margin for FIFO method and LIFO method.
> How did you find # of units sold for July-30?
PancakeTheSyrup Sun, Nov 28, 2021 7:39 PM