During September, the company sells 925 watches for $269.99 each. The company has the following inventory purchase transactions for September:
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During September, the company sells 925 watches for $269.99 each. The company has the following inventory purchase transactions for September:
During September, KM company sells 9,800 watches for $300.00 each. The company has the following inventory...
During September, KM company sells 9,800 watches for $300.00 each. The company has the following inventory purchase transactions for September: Date Transaction # of units Unit Cost Total Cost 1-Sep Beginning inventory 300 $195.00 $58,500 4-Sep Purchase 6,000 $198.00 1,188,000 24-Sep Purchase 3,700 $200.00 740,000 10,000 $1,986,500 1. Calculate the cost of goods sold (FIFO) 2. Calculate the gross profit 3. Calculate cost of goods sold (LIFO) 4. Calculate gross profit (LIFO) 5. Calculate ending inventory (WA) 6. Calculate cost...
During 2021, a company sells 160 units of inventory for $53 each. The company has the following inventory purchase trans...
During 2021, a company sells 160 units of inventory for $53 each. The company has the following inventory purchase transactions for 2021: Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 58 $ 43 $ 2,494 May 5 Purchase 104 42 4,368 Nov. 3 Purchase 75 41 3,075 237 $ 9,937 Actual sales by the company include its entire beginning inventory, 84 units of inventory from the May 5 purchase, and 18 units from the November...
During the year, Wright Company sells 515 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year.
During the year, Wright Company sells 515 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. DateTransactionNumber of UnitsUnit CostTotal CostJan. 1Beginning inventory60$63$3,780May. 5Purchase2956619,470Nov. 3Purchase2457117,395600$40,645 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO.
During 2021, a company sells 21 units of inventory. The company has the following inventory purchase...
During 2021, a company sells 21 units of inventory. The company has the following inventory purchase transactions for 2021 Number Unit Total Date Jan. 1 Beginning inventory Sep. 8 Purchase Transaction of Units Cost $54 Cost 14 $ 756 840 $1,596 15 56 29 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO Ending inventory Cost of goods sold Next> < Prev 20 of 40 to search DELL
During 2021, a company sells 24 units of inventory. The company has the following inventory purchase...
During 2021, a company sells 24 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan.1 Beginning inventory Sep.8 Purchase Number Unit of Units Cost $53 55 29 Total Cost $ 742 825 $1,567 15 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold
During 2015, a company sells 220 units of inventory. The company has the following inventory purchase...
During 2015, a company sells 220 units of inventory. The company has the following inventory purchase transactions for 2018 (6 points) Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 115 $60 $6900 Sep. 8 Purchase 210 62 13020 Nov 18 Purchase 85 75 6375 410 $26,295 Calculate cost of goods sold and ending inventory for 2015 Specific ID Sold all of beginning inventory, 25 from Nov 18 purchase, and the rest out of Sep...
During 2021, a company sells 25 units of inventory. The company has the following inventory purchase...
During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021 Date Transaction Jan.1 Beginning inventory Sep.8 Purchase Number Unit of Units Cost 20 $50 Total Cost $1,000 700 $1,700 70 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted average cost method. (Round weighted average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending inventory Cost of...
During 2021, a company sells 20 units of inventory. The company has the following inventory purchase...
During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory Sep.8 Purchase Number of Units 15 10 25 Unit Cost Total Cost $50 $ 750 94 $1,690 940 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending...
Consider the following Inventory transactions for September: Beginning inventory Purchase on September 12 Purchased on September...
Consider the following Inventory transactions for September: Beginning inventory Purchase on September 12 Purchased on September 23 15 units @ $3.80 26 units @ $3.40 units @ $4.20 7 For the month of September, the company sold 34 units. What is cost of goods sold under the welghted average cost method? (D necessary. Round your answer to the nearest dollar amount.) Multiple Choice O $143. O O $115. ะพ O $102.
Use the following to answer questions 7-17 During September, KM Company sells 9,800 watches for $300.00...
Use the following to answer questions 7-17 During September, KM Company sells 9,800 watches for $300.00 each. The company has the following inventory purchase transactions for September: # of Units 300 Date 1-Sep 4-Sep 24-Sep Transaction Beginning Inventory Purchase Purchase Unit cost $195.00 $198.00 $200.00 6,000 3,700 10,000 Total Cost $58,500 1,188,000 740,000 $1,986,500 7. $ _What were company's sales for the period? For questions 8 - 10 assume the company uses First-in, First-out (FIFO) inventory valuation. 8. $ 9....
During 2021, a company sells 21 units of inventory. The company has the following inventory purchase transactions for 2021 Number Unit Total Date Jan. 1 Beginning inventory Sep. 8 Purchase Transaction of Units Cost $54 Cost 14 $ 756 840 $1,596 15 56 29 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO Ending inventory Cost of goods sold Next> < Prev 20 of 40 to search DELL
During 2021, a company sells 24 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan.1 Beginning inventory Sep.8 Purchase Number Unit of Units Cost $53 55 29 Total Cost $ 742 825 $1,567 15 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold
During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021 Date Transaction Jan.1 Beginning inventory Sep.8 Purchase Number Unit of Units Cost 20 $50 Total Cost $1,000 700 $1,700 70 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted average cost method. (Round weighted average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending inventory Cost of...
During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory Sep.8 Purchase Number of Units 15 10 25 Unit Cost Total Cost $50 $ 750 94 $1,690 940 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending...
Consider the following Inventory transactions for September: Beginning inventory Purchase on September 12 Purchased on September 23 15 units @ $3.80 26 units @ $3.40 units @ $4.20 7 For the month of September, the company sold 34 units. What is cost of goods sold under the welghted average cost method? (D necessary. Round your answer to the nearest dollar amount.) Multiple Choice O $143. O O $115. ะพ O $102.
Use the following to answer questions 7-17 During September, KM Company sells 9,800 watches for $300.00 each. The company has the following inventory purchase transactions for September: # of Units 300 Date 1-Sep 4-Sep 24-Sep Transaction Beginning Inventory Purchase Purchase Unit cost $195.00 $198.00 $200.00 6,000 3,700 10,000 Total Cost $58,500 1,188,000 740,000 $1,986,500 7. $ _What were company's sales for the period? For questions 8 - 10 assume the company uses First-in, First-out (FIFO) inventory valuation. 8. $ 9....
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