The inventory records for Radford Co. reflected the following
Beginning inventory @ May 1 | 800 | units | @ | $ | 3.20 | |
First purchase @ May 7 | 900 | units | @ | $ | 3.40 | |
second purchase @ May 17 | 1,100 | units | @ | $ | 3.50 | |
Third purchase @ May 23 | 700 | units | @ | $ | 3.60 | |
Sales @ May 31 | 2,700 | units | @ | $ | 5.10 | |
Determine the weighted average cost per unit (rounded) for May.
The answer has been presented in the supporting sheets. All the parts has been solved with detailed explanation and formulas and format. For detailed answers refer to the supporting sheets.
The inventory records for Radford Co. reflected the following Beginning inventory @ May 1 800 units...
The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1 700 units @ $3.00 First purchase @ May 7 800 units @ $3.20 Second purchase @ May 17 1000 units @ $3.30 Third purchase @ May 23 600 units @ $3.40 Sales @ May 31 2400 units @ $4.90 If the company uses the weighted average inventory cost flow method, what is the average cost per unit (rounded) for May? 200 Select one: O a. $3.29...
The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1 2100 units @ $5.80 First purchase @ May 7 2200 units @ $6.00 Second purchase @ May 17 2400 units @ $6.10 Third purchase @ May 23 2000 units @ $6.20 Sales @ May 31 6600 units @ $7.70 What is the amount of gross margin assuming the weighted-average inventory cost flow method? (Round your intermediate calculations to two decimal places.)
The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1 2,000 units @ $5.60 First purchase @ May 7 2,100 units @ $5.80 Second purchase @ May 17 2,300 units @ $5.90 Third purchase @ May 23 1,900 units @ $6.00 Sales @ May 31 6,300 units @ $7.50 What is the amount of ending inventory assuming the FIFO cost flow method?
The inventory records for Radford Co. reflected the following Beginning inventory @ May 1 First purchase @ May 7 second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 1,200 units @ $4.00 1,300 units @ $4.20 1,500 units @ $4.30 1,100 units @ $4.40 3,900 units @ $5.90 Determine the amount of cost of goods sold assuming the LIFO cost flow method. Multiple Choice $15,600 $16,750 < Prev 6 of 11 Next >
The inventory records for Radford Co. reflected the following Beginning inventory@May 1 100 units $4.00 First purchase@May 7 Second purchase @May 17 Third purchase @ May 23 Sales@ May 31 300 units@ $4.40 500 units $4.60 100 units $4.80 900 units $7.80 13. Determine the amount of cost of goods sold assuming the LIFO cost flow method. A. $4,100 B. $4,320 C. $2,360 D. $3,600 15. Determine the amount of gross margin assuming the weighted average cost flow method. A....
Test 2 Help The inventory records for Radford Co. reflected the following: oo 1 Beginning inventory May 1 First purchase May 7 Second purchase May 17 Third purchase. May 23 Sales May 31 ,100 units $3.80 1,200 units $4.00 1.400 units $4.10 .000 units $4.20 3,600 units . $5.70 1 Part 2 of 3 points What is the amount of cost of goods sold assuming the LIFO cost flow method? 3144 1 0 $15,120 t 0 $14740 0 0 <...
The inventory records for Radford Co. reflected the following Beginning inventory @ May 1 First purchase @ May 7 second purchase @ May 17 Third purchase @ May 23 300 units e $2.20 400 units e $2.40 600 units @ $2.50 200 units @ $2.60 Sales @ May 31 1, 200 units @ $4.10 Determine the amount of ending inventory assuming the FIFO cost flow method. Multiple Choice $770 $780 Determine the amount of ending inventory assuming the FIFO cost...
SB The inventory records for Radford... [The following information applies to the questions displayed below.] The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1 1,000 units @ $3.60 First purchase @ May 7 1,100 units @ $3.80 Second purchase @ May 17 1,300 units @ $3.90 Third purchase @ May 23 900 units @ $4.00 Sales @ May 31 3,300 units @ $5.50 TB MC Qu. 05-42 What is the amount of ending inventory assuming…...
The inventory records for Radford Co. reflected the following 1 لا o لا Beginning inventory @ May 1 First purchase @ May 7 second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 , 200 units @ $4.00 1,300 units @ $4.20 1,500 units @ $4.30 1,100 units @ $4.40 3,900 units @ $5.90 o لا o o Determine the amount of cost of goods sold assuming the LIFO cost flow m Domino Company uses the...
QUESTION 19 The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1 1000 units @ $3.60 First purchase @ May 7 1100 units @ $3.80 Second purchase @ May 17 1300 units @ $3.90 Third purchase @ May 23 900 units @ $4.00 Sales @ May 31 3300 units @ $5.50 What is the amount of cost of goods sold assuming the LIFO cost flow method? $12,540 $11,880 $12,850 $13,200 1 points QUESTION 20...