Homework Answers
| Part-3 | ||
| Hardcover | Paperbacks | |
| Beginning inventory | $357,000 | $238,000 |
| Purchases | $1,814,750 | $981,750 |
| Goods available for sale | $2,171,750 | $1,219,750 |
| Less: Sales | $1,791,800 | $960,840 |
| (2635000*68%) | (1334500*72%) | |
| Ending inventory | $379,950 | $258,910 |
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Show me the process for the third part please.
Problem 6-11A Marigold Books uses the retail...
Show how you got the answer Swifty Stores uses the retail inventory method for its two...
Show how you got the answer
Swifty Stores uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained. Item Beginning inventory at cost Cost of goods purchased at cost Net sales Beginning inventory at retail Cost of goods purchased at retail Women's Shoes Men's Shoes €44,120 €53,625 149,500 136,500 182,500 180,500 45,500 63,500 185,000 190,000 Compute the estimated cost of the ending inventory for each department under the...
Problem 6-02A Marigold Corp. markets CDs of numerous performing artists. At the beginning of March, Marigold...
Problem 6-02A Marigold Corp. markets CDs of numerous performing artists. At the beginning of March, Marigold had in beginning inventory 2,700 CDs with a unit cost of $7. During March, Marigold made the following purchases of CDs. March 5 March 13 1,900 3,500 @ @ $8 $9 March 21 March 26 5,000 1,900 @ @ $10 $11 During March 12,000 units were sold. Marigold uses a periodic inventory system. Your answer is correct. Determine the cost of goods available for...
PLEASE GIVE ME THE CORRECT ANSWER!! Raleigh Department Store uses the conventional retail method for the...
PLEASE GIVE ME THE CORRECT ANSWER!!
Raleigh Department Store uses the conventional retail method for the year ended December 31, 2019. Available information follows: a. The inventory at January 1, 2019, had a retail value of $40,000 and a cost of $31,650 based on the conventional retail method. b. Transactions during 2019 were as follows: Cost $212,100 6,000 4,500 Retail $440,000 25,000 Gross purchases Purchase returns Purchase discounts Gross sales Sales returns Employee discounts Freight-in Net markups Net markdowns 361,500...
PRINTER VERSION RACK NEXT Problem 9-10 Indigo Inc. uses the retail inventory method to estimate ending...
PRINTER VERSION RACK NEXT Problem 9-10 Indigo Inc. uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to a single department for the month of October 2018. $52,600 77,100 239,370 420,900 16,700 Inventory, October 1, 2018 At cost At retail Purchases (exclusive of freight and returns) At cost At retail Freight-in Purchase returns At cost At retail Markups Markup cancellations Markdowns (net) Normal spoilage and breakage Sales revenue 5,500 7,900 8,900...
CES Presented below is information related to Marigold Company. eve! Part Ending Inventory (End-of-Year Price Date...
CES Presented below is information related to Marigold Company. eve! Part Ending Inventory (End-of-Year Price Date Prices) Index December 31, 2014 $ 76,400 100 December 31, 2015 231,240 December 31, 2016 225,576 254,762 December 31, 2018 305,487 December 31, 2019 363,089 Compute the ending inventory for Marigold Company for 2014 through 2019 using the dollar-value LIFO method. Ending Inventory 2014 76,400 er 31, 2017 wy. Study 2015 T 151020 2016 2017 2018 2019 ent | Privacy Policy 1 2000:2009 John...
Problem 16-6A (Part Level Submission) Hamilton Processing Company uses a weighted average process cost system and...
Problem 16-6A (Part Level Submission) Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing and Cooking department is as follows. (a) Your answer is correct. Prepare a schedule that shows how the equivalent units were computed so that you...
Question B, please. Marigold Inc. uses a perpetual inventory system. Its records show the following for...
Question B, please.
Marigold Inc. uses a perpetual inventory system. Its records show the following for the month of May. Unit Total Date Explanation Units Cost Cost May 1 Inventory 29 $9 $261 May 15 Purchase 24 10 240 May 18 Sale (49) May 24 Purchase 38 11 418 Total 42 $919 42 $919 Your answer is correct. Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula. Cost of goods...
Exercise 6-05 Ayayai Corp. uses a periodic inventory system. Its records show the following for the...
Exercise 6-05 Ayayai Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 69 units were sold. Units Unit Cost Date May 1 32 15 Explanation Inventory Purchase Purchase Total Total Cost $256 225 430 $911 24 Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit costs LINK TO TEXT LINK TO VIDEO Calculate the ending inventory at May 31 using the FIFO, LIFO...
Exercise 6-05 Larkspur, Inc. uses a periodic inventory system. Its records show the following for the...
Exercise 6-05 Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold. Units Unit Cost Date May 1 Explanation Inventory Purchase Purchase Total Total Cost $306 260 440 $1,006 24 Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost. LINK TO TEXT LINK TO VIDEO Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost...
Kimmel, Accounting. 6e Problem 16-6A (Part Level Submission) Hamilton Processing Company uses a weighted-average completed A...
Kimmel, Accounting. 6e Problem 16-6A (Part Level Submission) Hamilton Processing Company uses a weighted-average completed A partially completed production cost report for the month of October for the Mixing and Coaking department is as follows process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been v (a) Your ansiwer is correct Prepare a schedule that shows how the equivalent units were computed...
Show how you got the answer
Swifty Stores uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained. Item Beginning inventory at cost Cost of goods purchased at cost Net sales Beginning inventory at retail Cost of goods purchased at retail Women's Shoes Men's Shoes €44,120 €53,625 149,500 136,500 182,500 180,500 45,500 63,500 185,000 190,000 Compute the estimated cost of the ending inventory for each department under the...
Problem 6-02A Marigold Corp. markets CDs of numerous performing artists. At the beginning of March, Marigold had in beginning inventory 2,700 CDs with a unit cost of $7. During March, Marigold made the following purchases of CDs. March 5 March 13 1,900 3,500 @ @ $8 $9 March 21 March 26 5,000 1,900 @ @ $10 $11 During March 12,000 units were sold. Marigold uses a periodic inventory system. Your answer is correct. Determine the cost of goods available for...
PLEASE GIVE ME THE CORRECT ANSWER!!
Raleigh Department Store uses the conventional retail method for the year ended December 31, 2019. Available information follows: a. The inventory at January 1, 2019, had a retail value of $40,000 and a cost of $31,650 based on the conventional retail method. b. Transactions during 2019 were as follows: Cost $212,100 6,000 4,500 Retail $440,000 25,000 Gross purchases Purchase returns Purchase discounts Gross sales Sales returns Employee discounts Freight-in Net markups Net markdowns 361,500...
PRINTER VERSION RACK NEXT Problem 9-10 Indigo Inc. uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to a single department for the month of October 2018. $52,600 77,100 239,370 420,900 16,700 Inventory, October 1, 2018 At cost At retail Purchases (exclusive of freight and returns) At cost At retail Freight-in Purchase returns At cost At retail Markups Markup cancellations Markdowns (net) Normal spoilage and breakage Sales revenue 5,500 7,900 8,900...
CES Presented below is information related to Marigold Company. eve! Part Ending Inventory (End-of-Year Price Date Prices) Index December 31, 2014 $ 76,400 100 December 31, 2015 231,240 December 31, 2016 225,576 254,762 December 31, 2018 305,487 December 31, 2019 363,089 Compute the ending inventory for Marigold Company for 2014 through 2019 using the dollar-value LIFO method. Ending Inventory 2014 76,400 er 31, 2017 wy. Study 2015 T 151020 2016 2017 2018 2019 ent | Privacy Policy 1 2000:2009 John...
Problem 16-6A (Part Level Submission) Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing and Cooking department is as follows. (a) Your answer is correct. Prepare a schedule that shows how the equivalent units were computed so that you...
Question B, please.
Marigold Inc. uses a perpetual inventory system. Its records show the following for the month of May. Unit Total Date Explanation Units Cost Cost May 1 Inventory 29 $9 $261 May 15 Purchase 24 10 240 May 18 Sale (49) May 24 Purchase 38 11 418 Total 42 $919 42 $919 Your answer is correct. Calculate the cost of goods sold for May and the ending inventory at May 31 using the FIFO formula. Cost of goods...
Exercise 6-05 Ayayai Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 69 units were sold. Units Unit Cost Date May 1 32 15 Explanation Inventory Purchase Purchase Total Total Cost $256 225 430 $911 24 Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit costs LINK TO TEXT LINK TO VIDEO Calculate the ending inventory at May 31 using the FIFO, LIFO...
Exercise 6-05 Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold. Units Unit Cost Date May 1 Explanation Inventory Purchase Purchase Total Total Cost $306 260 440 $1,006 24 Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost. LINK TO TEXT LINK TO VIDEO Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost...
Kimmel, Accounting. 6e Problem 16-6A (Part Level Submission) Hamilton Processing Company uses a weighted-average completed A partially completed production cost report for the month of October for the Mixing and Coaking department is as follows process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been v (a) Your ansiwer is correct Prepare a schedule that shows how the equivalent units were computed...
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