how do you calculate the average cost of the goods sold in the sale?
how do you calculate the average cost of the goods sold in the sale?
Homework Answers
average cost of the goods sold in the sale is calculated by cost of goods available-for-sale is divided by the total units available for the sale
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how do you calculate the average cost of the goods
sold in the sale?
calculate the cost of goods available for sale, ending inventory, and cost of goods sold if...
calculate the cost of goods
available for sale, ending inventory, and cost of goods sold if
Aircarf uses (a) FIFO, (b) LIFO, or (c) weighted average
cost.
Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July Units Unit Cost July 1 July 5 July 13...
Cost of Goods Available for Sale Cost of Goods Sold- January 5 Cost of Goods Sold- January 12 Cos...
We were unable to transcribe this imageWe were unable to transcribe this imageCost of Goods Available for Sale Cost of Goods Sold- January 5 Cost of Goods Sold- January 12 Cost of Goods Sold- January 20 Inventory Balance Perpetual LIFO: #of Unit Cost of Goods #of units Cost per unit # of units | Cost per Ending Inventory Cost of | # of units Cost per unit Cost of Goods Soldsold | # of units Cost per unit Cost of...
Calculate the cost of goods available for sale, cost of goods sold and ending inventory in...
Calculate the cost of goods available for sale, cost of goods
sold and ending inventory in both units and dollars using the
perpetual moving average method.
P8.4 (LO 3) Excel (Compute FIFO, LIFO, and Average-Cost) Hull Company's record of trans actions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 100 @ $5.00 April 5 400 @ 5.10 300 @ 5.30 200 @ 5.35 600 @ 5.60 200 @ 5.80 18...
Calculate the sales cost of goods sold and cost of goods available for sale in dollars...
Calculate the sales cost of goods sold and cost of goods
available for sale in dollars and units using the P periodic FIFO,
periodic average cost, perpetual FIFAO, perpetual LIFO.
a variety of vegetable-type LIFO pools. The clerk who ng this new method, 50, as a two decimal places. P8.11 (LO 4) Writing (Dollar-Value LIFO) Richardson Company cans a variety of soups. Recently, the company decided to value its inventories using dollar-value LIFO pools accounts for inventories does not understand...
Calculating Cost of Goods Available for Sale, EndingInventory, Sales, Cost of Goods Sold, and Gross...
Calculating Cost of Goods Available for Sale, Ending
Inventory, Sales, Cost of Goods Sold, and Gross Profit under
Periodic Weighted Average CostWeighted Average (Periodic)
Required information M7-11 to 13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold,...
Required information M7-11 to 13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] [The following information applies to the questions displayed below.) In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $7 on January 1, (2) 550 units at $8 on January 8, and (3) 850 units at...
Required information M7-11 to 13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold,...
Required information M7-11 to 13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] (The following information applies to the questions displayed below.) In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $7 on January 1, (2) 550 units at $8 on January 8, and (3) 850 units at...
M7-10 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under FIFO, LIFO, and Weig...
M7-10 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under FIFO, LIFO, and Weighted Average Cost (Periodic Inventory) (LO 7-3] Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July. Unit Cost $20 July 1 July 5 July 13 July...
1)Determine the cost of goods available for sale. The cost of goods available for sale $ Show Solution 2)Calculate aver...
1)Determine the cost of goods available for sale. The cost of
goods available for sale $ Show Solution
2)Calculate average cost per unit. (Round answer to 2 decimal
places, e.g. 2.25.) Average cost per unit $ Show Solution
3). Determine (1) the ending inventory, and (2) the cost of
goods sold under each of the assumed cost flow methods (FIFO, LIFO,
and average). (Round answers to 0 decimal places, e.g. 1,250.) FIFO
LIFO AVERAGE-COST The ending inventory $ $ $...
Determine the cast of goods available for sale. The cost of goods available for sale 1...
Determine the cast of goods available for sale. The cost of goods available for sale 1 9 1434 SHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 1 of 3 used Collapse question part (61) Your answer is correct. Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Average cost per unit 24.88 SHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 2 of 3 used (62) x Your answer is incorrect. Try again. Determine (1)...
calculate the cost of goods
available for sale, ending inventory, and cost of goods sold if
Aircarf uses (a) FIFO, (b) LIFO, or (c) weighted average
cost.
Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July Units Unit Cost July 1 July 5 July 13...
We were unable to transcribe this imageWe were unable to transcribe this imageCost of Goods Available for Sale Cost of Goods Sold- January 5 Cost of Goods Sold- January 12 Cost of Goods Sold- January 20 Inventory Balance Perpetual LIFO: #of Unit Cost of Goods #of units Cost per unit # of units | Cost per Ending Inventory Cost of | # of units Cost per unit Cost of Goods Soldsold | # of units Cost per unit Cost of...
Calculate the cost of goods available for sale, cost of goods
sold and ending inventory in both units and dollars using the
perpetual moving average method.
P8.4 (LO 3) Excel (Compute FIFO, LIFO, and Average-Cost) Hull Company's record of trans actions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 100 @ $5.00 April 5 400 @ 5.10 300 @ 5.30 200 @ 5.35 600 @ 5.60 200 @ 5.80 18...
Calculate the sales cost of goods sold and cost of goods
available for sale in dollars and units using the P periodic FIFO,
periodic average cost, perpetual FIFAO, perpetual LIFO.
a variety of vegetable-type LIFO pools. The clerk who ng this new method, 50, as a two decimal places. P8.11 (LO 4) Writing (Dollar-Value LIFO) Richardson Company cans a variety of soups. Recently, the company decided to value its inventories using dollar-value LIFO pools accounts for inventories does not understand...
Calculating Cost of Goods Available for Sale, Ending
Inventory, Sales, Cost of Goods Sold, and Gross Profit under
Periodic Weighted Average CostWeighted Average (Periodic)
Required information M7-11 to 13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] [The following information applies to the questions displayed below.) In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $7 on January 1, (2) 550 units at $8 on January 8, and (3) 850 units at...
Required information M7-11 to 13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] (The following information applies to the questions displayed below.) In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $7 on January 1, (2) 550 units at $8 on January 8, and (3) 850 units at...
M7-10 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under FIFO, LIFO, and Weighted Average Cost (Periodic Inventory) (LO 7-3] Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July. Unit Cost $20 July 1 July 5 July 13 July...
1)Determine the cost of goods available for sale. The cost of
goods available for sale $ Show Solution
2)Calculate average cost per unit. (Round answer to 2 decimal
places, e.g. 2.25.) Average cost per unit $ Show Solution
3). Determine (1) the ending inventory, and (2) the cost of
goods sold under each of the assumed cost flow methods (FIFO, LIFO,
and average). (Round answers to 0 decimal places, e.g. 1,250.) FIFO
LIFO AVERAGE-COST The ending inventory $ $ $...
Determine the cast of goods available for sale. The cost of goods available for sale 1 9 1434 SHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 1 of 3 used Collapse question part (61) Your answer is correct. Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Average cost per unit 24.88 SHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 2 of 3 used (62) x Your answer is incorrect. Try again. Determine (1)...
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