Goods Purchased | Cost of Goods Sold | Inventory Balance | |||||||
Date | Qty | Unit Price | Total | Qty | Unit Price | Total | Qty | Unit Price | Total |
Jan-01 | 230 | 2.1 | 483 | ||||||
Jan-09 | 50 | 2.3 | 115 | 230 | 2.1 | 483 | |||
50 | 2.3 | 115 | |||||||
280 | 598 | ||||||||
25-Jan | 100 | 2.44 | 244 | 230 | 2.1 | 483 | |||
50 | 2.3 | 115 | |||||||
100 | 2.44 | 244 | |||||||
380 | 842 | ||||||||
26-Jan | 230 | 2.1 | 483 | 20 | 2.3 | 46 | |||
30 | 2.3 | 69 | 100 | 2.44 | 244 | ||||
260 | 552 | 120 | 290 |
Value of Ending Inventory = $ 290 for 120 Units
Cost of Good Sold = 483+69 = $ 552 for 260 Units Sold
LUMINeducation.com OBLEMS - CHAPTER 5 6 Updates Nou Some update Saved Help Sa A company reports...
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A company reports the following beginning inventory and two
purchases for the month of January. On January 26, the company
sells 260 units. Ending inventory at January 31 totals 120 units.
Units Unit Cost Beginning inventory on January 1 230 $ 2.10
Purchase on January 9 50 2.30 Purchase on January 25 100 2.44
Required: Assume the perpetual inventory system is used. Determine
the costs assigned to ending inventory...
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 260 units Ending Inventory at January 31 totals 120 units. Inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cost 230 $ 2.10 2.30 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Perpetual FIFO: Goods purchased Cost per...
ignment 0 Saved A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company sells 250 units. Ending Inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 230 50 Unit Cost $ 2.00 2.20 52.34 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method....
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 300 units. Ending inventory at January 31 totals 130 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 270 60 100 Unit Cost $ 2.50 2.70 2.84 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Perpetual FIFO:...
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 420 units. Ending inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 380 90 120 Unit Cost $ 3.70 3.90 4.00 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Required: Assume...
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 250 units. Ending inventory at January 31 totals 130 units. Units Unit Cost Beginning inventory on January 1 230 $ 2.00 Purchase on January 9 50 2.20 Purchase on January 25 100 2.34 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Perpetual FIFO:
ssignment Saved Help A company reports the following beginning Inventory and two purchases for the month of January. On January 26, the company sells 440 units. Ending Inventory at January 31 totals 170 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cost 400 $ 3.90 904.10 120 4.20 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending Inventory when costs are assigned based on the weighted average...
A company reports the following beginning inventory and two
purchases for the month of January. On January 26, the company
sells 350 units. Ending inventory at January 31 totals 150
units.
Units
Unit Cost
Beginning inventory on January 1
320
$
3.00
Purchase on January 9
80
3.20
Purchase on January 25
100
3.34
Required:
Assume the perpetual inventory system is used. Determine the costs
assigned to ending inventory when costs are assigned based on the
FIFO method.
* Answer...
need it asap ?? help please i had someone help me do it before
but most of them
are wrong and getting wrong answers
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. Units Sold at Retail 160 units @ $41.20 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase...
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 310 units. Ending inventory at January 31 totals 130 units. Units Unit Cost Beginning inventory on January 1 280 units, cost $ 2.60 Purchase on January 9 60 units, cost 2.80 Purchase on January 25 100 units, cost $2.94 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based...