Homework Answers
Total units available for sale = 120+100+60 = 280 Units
Sale units = 80+80+60+40 = 260
| FIFO | Average | |
| Cost of goods sold | 27080 | (80*98+105.14*80+100*109.70 = 27158.20 |
| Ending inventory | 20*113 = 2260 | 29340-27158.20 = 2181.80 |
Add Answer to:
Problem 6-3A (Part Level Submission) Cheyenne-Mart Centre Inc. began operations on May 1 and uses a...
Marigold-Mart Centre Inc. began operations on May 1 and uses a perpetual inventory system. During May,...
Marigold-Mart Centre Inc. began operations on May 1 and uses a
perpetual inventory system. During May, the company had the
following purchases and sales for one of its products:
Determine the cost of goods sold and cost of ending inventory
using (1) FIFO and (2) average cost.
Purchases Sales Date Units Unit Cost Units Unit Price May 1 120 $101 $252 8 100 110 301 326
help me find FIFO and LIFO and AVERAGE COST in part B2 Problem 6-3A (Part Level...
help me find FIFO and LIFO and AVERAGE COST
in part B2
Problem 6-3A (Part Level Submission) Windsor, Inc. had a beginning inventory on January 1 of 120 units of Product 4-18-15 at a cost of $22 per unit. During the year, the following purchases were made. Mar. 15 July 20 320 units 200 units at at $25 $26 Sept. 4 Dec. 2 280 units 80 units at at $28 $31 800 units were sold. Windsor, Inc. uses a periodic...
Application Problem 7-3A a-b (Part Level Submission) Soft Touch Company sells leather furniture. The following schedule...
Application Problem 7-3A a-b (Part Level Submission) Soft Touch Company sells leather furniture. The following schedule relates to the company's inventory for the month of April: Sales Cost $46,056 27,810 $30,827 April 1 3 5 11 15 22 28 Beginning inventory Purchase Sale Purchase Sale Sale Purchase 76 units 45 units 29 units 28 units 58 units 34 units 51 units 18,340 75,110 40,290 34,578 Soft Touch uses the periodic inventory system. (a) Calculate Soft Touch Company's cost of goods...
Plese help with the part not filled out. PART C Exercise 8-9 (Part Level Submission) Cheyenne...
Plese help with the part not filled out. PART C
Exercise 8-9 (Part Level Submission) Cheyenne Company sells one product. Presented below is information for January for Cheyenne Company Jan. 1 Inventory 4 Sale 11 13 Sale 20 27 Sale 118 units at $5 each 93 units at $8 each 165 units at $6 each 136 units at $9 each 163 units at $7 each 104 units at $11 each Purchase Purchase Cheyenne uses the FIFO cost flow assumption. All...
help with part d please Exercise 8-9 (Part Level Submission) Cheyenne Company sells one product. Presented...
help with part d please
Exercise 8-9 (Part Level Submission) Cheyenne Company sells one product. Presented below is information for January for Cheyenne Company Jan. 1 Inventory 4 Sale 11 13 Sale 20 27 Sale 118 units at $5 each 93 units at $8 each 165 units at $6 each 136 units at $9 each 163 units at $7 each 104 units at $11 each Purchase Purchase Cheyenne uses the FIFO cost flow assumption. All purchases and sales are on...
Problem 6-03A a, b1-b2, c (Part Level Submission) (Video) Oriole Company had a beginning inventory on...
Problem 6-03A a, b1-b2, c (Part Level Submission) (Video)
Oriole Company had a beginning inventory on January 1 of 323
units of Product 4-18-15 at a cost of $20 per unit. During the
year, the following purchases were made.
Mar. 15
860 units
at
$23
Sept. 4
753 units
at
$26
July 20
538 units
at
$24
Dec. 2
215 units
at
$29
2,150 units were sold. Oriole Company uses a periodic inventory
system.
Determine the cost of goods available...
what is the FIFO LIFO and Average Cost in part b2? Problem 6-2A (Part Level Submission)...
what is the FIFO LIFO and Average Cost in part b2?
Problem 6-2A (Part Level Submission) Sheffield Distribution markets CDs of the performing artist Fishe. At the beginning of October, Sheffield had in beginning inventory 3,800 of Fishe's CDs with a unit cost of $7. During October, Sheffield made the following purchases of Fishe's CDs. Oct. 3 4,750 @ $8 Oct. 9 6,650 @ $9 Oct. 195,700 @ $10 Oct. 25 7,600 @ $11 During October, 20,710 units were sold....
ATV Co. began operations on March 1 and uses a perpetual inventory system. It entered into...
ATV Co. began operations on March 1 and uses a perpetual
inventory system. It entered into purchases and sales for March as
shown in the Tableau Dashboard.
Mar 01: Purchase, 100 units, 50 each.
Mar 05: Purchase, 400 units, 55 each.
Mar 09: Sales, 420 units, 85 each.
Mar 18: Purchase, 120 units, 60 each.
Mar 25: Purchase, 200 units, 62 each.
Mar 29: Sales, 160 units, 95 each.
1. Compute the cost assigned to ending
inventory using FIFO.
2....
Exercise 6-05 a-b (Part Level Submission) Splish Brothers’s Boards sells a snowboard, Xpert, that is popular...
Exercise 6-05 a-b (Part Level Submission) Splish Brothers’s Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Splish Brothers’s purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Splish Brothers’s uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 26 $102 $ 2,652 Sept. 12 Purchases 45 103 4,635 Sept. 19 Purchases 20 108 2,160 Sept. 26 Purchases 50 114...
Question B "Problem 6-3A (Part Level Submission) You are given the following information for Sheridan Company...
Question B
"Problem 6-3A (Part Level Submission) You are given the following information for Sheridan Company for the month ended November 30, 2017: Description 22 Puch Sheridan Company uses a perpetual inventory system. All sales and purchases are on account. *(a) Your answer is correct. Calculate the cost of goods sold and the ending inventory using FIFO. (Round answers to o decimal places, e.g. 5,275.) 120 Costoso Ending inventory Alem of used "(b) Your answer is partially correct. Try again....
Marigold-Mart Centre Inc. began operations on May 1 and uses a
perpetual inventory system. During May, the company had the
following purchases and sales for one of its products:
Determine the cost of goods sold and cost of ending inventory
using (1) FIFO and (2) average cost.
Purchases Sales Date Units Unit Cost Units Unit Price May 1 120 $101 $252 8 100 110 301 326
help me find FIFO and LIFO and AVERAGE COST
in part B2
Problem 6-3A (Part Level Submission) Windsor, Inc. had a beginning inventory on January 1 of 120 units of Product 4-18-15 at a cost of $22 per unit. During the year, the following purchases were made. Mar. 15 July 20 320 units 200 units at at $25 $26 Sept. 4 Dec. 2 280 units 80 units at at $28 $31 800 units were sold. Windsor, Inc. uses a periodic...
Application Problem 7-3A a-b (Part Level Submission) Soft Touch Company sells leather furniture. The following schedule relates to the company's inventory for the month of April: Sales Cost $46,056 27,810 $30,827 April 1 3 5 11 15 22 28 Beginning inventory Purchase Sale Purchase Sale Sale Purchase 76 units 45 units 29 units 28 units 58 units 34 units 51 units 18,340 75,110 40,290 34,578 Soft Touch uses the periodic inventory system. (a) Calculate Soft Touch Company's cost of goods...
Plese help with the part not filled out. PART C
Exercise 8-9 (Part Level Submission) Cheyenne Company sells one product. Presented below is information for January for Cheyenne Company Jan. 1 Inventory 4 Sale 11 13 Sale 20 27 Sale 118 units at $5 each 93 units at $8 each 165 units at $6 each 136 units at $9 each 163 units at $7 each 104 units at $11 each Purchase Purchase Cheyenne uses the FIFO cost flow assumption. All...
help with part d please
Exercise 8-9 (Part Level Submission) Cheyenne Company sells one product. Presented below is information for January for Cheyenne Company Jan. 1 Inventory 4 Sale 11 13 Sale 20 27 Sale 118 units at $5 each 93 units at $8 each 165 units at $6 each 136 units at $9 each 163 units at $7 each 104 units at $11 each Purchase Purchase Cheyenne uses the FIFO cost flow assumption. All purchases and sales are on...
Problem 6-03A a, b1-b2, c (Part Level Submission) (Video)
Oriole Company had a beginning inventory on January 1 of 323
units of Product 4-18-15 at a cost of $20 per unit. During the
year, the following purchases were made.
Mar. 15
860 units
at
$23
Sept. 4
753 units
at
$26
July 20
538 units
at
$24
Dec. 2
215 units
at
$29
2,150 units were sold. Oriole Company uses a periodic inventory
system.
Determine the cost of goods available...
what is the FIFO LIFO and Average Cost in part b2?
Problem 6-2A (Part Level Submission) Sheffield Distribution markets CDs of the performing artist Fishe. At the beginning of October, Sheffield had in beginning inventory 3,800 of Fishe's CDs with a unit cost of $7. During October, Sheffield made the following purchases of Fishe's CDs. Oct. 3 4,750 @ $8 Oct. 9 6,650 @ $9 Oct. 195,700 @ $10 Oct. 25 7,600 @ $11 During October, 20,710 units were sold....
ATV Co. began operations on March 1 and uses a perpetual
inventory system. It entered into purchases and sales for March as
shown in the Tableau Dashboard.
Mar 01: Purchase, 100 units, 50 each.
Mar 05: Purchase, 400 units, 55 each.
Mar 09: Sales, 420 units, 85 each.
Mar 18: Purchase, 120 units, 60 each.
Mar 25: Purchase, 200 units, 62 each.
Mar 29: Sales, 160 units, 95 each.
1. Compute the cost assigned to ending
inventory using FIFO.
2....
Question B
"Problem 6-3A (Part Level Submission) You are given the following information for Sheridan Company for the month ended November 30, 2017: Description 22 Puch Sheridan Company uses a perpetual inventory system. All sales and purchases are on account. *(a) Your answer is correct. Calculate the cost of goods sold and the ending inventory using FIFO. (Round answers to o decimal places, e.g. 5,275.) 120 Costoso Ending inventory Alem of used "(b) Your answer is partially correct. Try again....
Most questions answered within 3 hours.
-
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 10 minutes ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 41 minutes ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 2 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 3 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 4 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 4 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 4 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 5 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 5 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 5 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 5 hours ago