Homework Answers
| Purchases | Cost of goods sold - Perpetual FIFO | Inventory on hand | |||||||
| FIFO | Quantity | Cost per unit | Total cost | Quantity | Cost per unit | Total cost | Quantity | Cost per unit | Total cost |
| Oct 1 | 80 | $ 45 | $ 3,600 | ||||||
| Oct 5 | 120 | $ 58 | $ 6,960 | 80 | $ 45 | $ 3,600 | |||
| 120 | $ 58 | $ 6,960 | |||||||
| Oct 13 | 80 | $ 45 | $ 3,600 | 70 | $ 58 | $ 4,060 | |||
| 50 | $ 58 | $ 2,900 | |||||||
| Oct 18 | 130 | $ 72 | $ 9,360 | 70 | $ 58 | $ 4,060 | |||
| 130 | $ 72 | $ 9,360 | |||||||
| Oct 26 | 70 | $ 58 | $ 4,060 | 60 | $ 72 | $ 4,320 | |||
| 70 | $ 72 | $ 5,040 | |||||||
| Totals | 250 | $ 16,320 | 270 | $ 15,600 | 60 | $ 4,320 | |||
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crates of vitamins that cost a total of $3,600. During the month, Athletic W i Data...
Athletic World began January with merchandise inventory of 72 crates of vitamins that cost a total...
Athletic World began January with merchandise inventory of 72 crates of vitamins that cost a total of $3,600. During the month, Athletic World purchased and sold merchandise on account as follows: BE: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Begin by computing the cost of goods sold and cost of...
Athletic world began January with merchandise inventory of 70 crates of vitamins that cost a total...
Athletic world began January with merchandise inventory of 70
crates of vitamins that cost a total of $4,550. During the month,
Athletic World purchased and sold merchandise on account as follows.
onth, Athletic World purchased and sold merchandise on account as follows: pany's cost of goods sold, ending merchandise inventory, and gross profit method. Enter the transactions in chronological order, calculating new inventory on hand balances after purchased, sold, and on hand at the end of the period. (Enter the...
ntory of 78 crates of vitamins that cost a total of $4,290. During the month, Exercise...
ntory of 78 crates of vitamins that cost a total of $4,290. During the month, Exercise Planet purch Data Table x using the goods sold, end ending e all oft Enter th Oct. 5 Purchase 156 crates @ $ 64 each 100 each he transactions the quantity and 13 Sale 180 crates @ $ Costo 18 Purchase crates @ $ 75 each crates @ S 18 each o the next question Exercise Planet begon October with marchandise inventory of T...
Fit Gym began October with merchandise inventory of 78 crates of vitamins that cost a total...
Fit Gym began October with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. During the month, Fit Gym purchased and sold merchandise on account as follows: EEB (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Begin by computing the cost of goods sold and cost of...
Please show answers clearly. Fit Gym began July with merchandise inventory of 76 crates of vitamins...
Please show answers clearly.
Fit Gym began July with merchandise inventory of 76 crates of vitamins that cost a total of $4,560. During the month, Fit Gym purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) Read the requirements Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and delermine the company's cost of goods sold, ending merchandise inventory, and gross profit. Begin by computing the cost of goods sold...
Athletic Word began May with merchandise inventory of 65 cretes or vitamins that cost total of...
Athletic Word began May with merchandise inventory of 65 cretes or vitamins that cost total of $3.835 During the month, Athletic World purchased and sold merchandise on account as follows Click the icon to view the transactions.) Read the cours Total Requirement 1. Prepare a perpetual invertory record, using the FIFO inventory cesting method, and determine the company's cost of gouck cold, erding merchandise inventory, and grove proit. Begin by computing the cost of good cod and cost of encirg...
ACCT 101 902 Archie Summer 2019 Homework: Chapter 6 Homework Assignment Score: 0 of 1 pt 1 of 1 (0 complete) HW Scor...
ACCT 101 902 Archie Summer 2019 Homework: Chapter 6 Homework Assignment Score: 0 of 1 pt 1 of 1 (0 complete) HW Score: 06, 0 of 1 P6-28A (similar to) Question Help Fit Gym began October with merchandise inventory of 80 crates of vitamins that cost a total of $3,600 During the mon Fit Gym purchased and sold merchandise on account as follows (Click the icon to view the transactions.) Read the requirements Requirement 1. Prepare a perpetual inventory record,...
TH VOIR. IVICUUIU TI Score: 0 of 1 pt 6 of 6 (5 complete) P6-28A (similar...
TH VOIR. IVICUUIU TI Score: 0 of 1 pt 6 of 6 (5 complete) P6-28A (similar to) Fit World began May with merchandise Inventory of 70 crates of vitamins that cost a total of $4,560. During the month, Fit World purchased and sold merchandise on account as follows: E! (Click the icon to view the transactions.) Read the requirements Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold,...
1. 2. Requirement 2. Determine the amount that would be reported in ending merchandise inventory on...
1.
2.
Requirement 2. Determine the amount that would be reported in ending merchandise inventory on May 15 using the LIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $X.XX. Enter...
Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the...
Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross protit. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost...
Athletic World began January with merchandise inventory of 72 crates of vitamins that cost a total of $3,600. During the month, Athletic World purchased and sold merchandise on account as follows: BE: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Begin by computing the cost of goods sold and cost of...
Athletic world began January with merchandise inventory of 70
crates of vitamins that cost a total of $4,550. During the month,
Athletic World purchased and sold merchandise on account as follows.
onth, Athletic World purchased and sold merchandise on account as follows: pany's cost of goods sold, ending merchandise inventory, and gross profit method. Enter the transactions in chronological order, calculating new inventory on hand balances after purchased, sold, and on hand at the end of the period. (Enter the...
ntory of 78 crates of vitamins that cost a total of $4,290. During the month, Exercise Planet purch Data Table x using the goods sold, end ending e all oft Enter th Oct. 5 Purchase 156 crates @ $ 64 each 100 each he transactions the quantity and 13 Sale 180 crates @ $ Costo 18 Purchase crates @ $ 75 each crates @ S 18 each o the next question Exercise Planet begon October with marchandise inventory of T...
Fit Gym began October with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. During the month, Fit Gym purchased and sold merchandise on account as follows: EEB (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Begin by computing the cost of goods sold and cost of...
Please show answers clearly.
Fit Gym began July with merchandise inventory of 76 crates of vitamins that cost a total of $4,560. During the month, Fit Gym purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) Read the requirements Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and delermine the company's cost of goods sold, ending merchandise inventory, and gross profit. Begin by computing the cost of goods sold...
Athletic Word began May with merchandise inventory of 65 cretes or vitamins that cost total of $3.835 During the month, Athletic World purchased and sold merchandise on account as follows Click the icon to view the transactions.) Read the cours Total Requirement 1. Prepare a perpetual invertory record, using the FIFO inventory cesting method, and determine the company's cost of gouck cold, erding merchandise inventory, and grove proit. Begin by computing the cost of good cod and cost of encirg...
ACCT 101 902 Archie Summer 2019 Homework: Chapter 6 Homework Assignment Score: 0 of 1 pt 1 of 1 (0 complete) HW Score: 06, 0 of 1 P6-28A (similar to) Question Help Fit Gym began October with merchandise inventory of 80 crates of vitamins that cost a total of $3,600 During the mon Fit Gym purchased and sold merchandise on account as follows (Click the icon to view the transactions.) Read the requirements Requirement 1. Prepare a perpetual inventory record,...
TH VOIR. IVICUUIU TI Score: 0 of 1 pt 6 of 6 (5 complete) P6-28A (similar to) Fit World began May with merchandise Inventory of 70 crates of vitamins that cost a total of $4,560. During the month, Fit World purchased and sold merchandise on account as follows: E! (Click the icon to view the transactions.) Read the requirements Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold,...
1.
2.
Requirement 2. Determine the amount that would be reported in ending merchandise inventory on May 15 using the LIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $X.XX. Enter...
Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross protit. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost...
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