Accounting questions , needs FIFO LIFO,WEIGHTED AVARAGE, SPECIFIC IDENTIFICATION
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Accounting questions , needs FIFO LIFO,WEIGHTED AVARAGE, SPECIFIC IDENTIFICATION
Needs to be done on an excel with fifo, lifo, specific identification, weighted average, journal entries,...
Needs to be done on an excel with fifo, lifo, specific
identification, weighted average, journal entries, and cogs plus
ending inventory seperated and filled out.
3 Northgate Products Corp. sells gadgets and uses the perpetual inventory system. During the 4 month of January 2019, the number of gadgets purchased and sold was as follows: Purchased Sold Balance in inventory Date Units Unit cost Total $ Units Unit cost Total $ Total $ Units Unit cost 200 $2/ Jan. 1 3...
There are four methods for inventory costing: LIFO, FIFO, weighted average and specific identification. What are...
There are four methods for inventory costing: LIFO, FIFO, weighted average and specific identification. What are the differences between each method? How does each method affect the balance sheet and the income statement? What do I mean when I say that inventory costing methods are not related to the physical flow of inventory? Please give an example.
Calculate ending inventory and cost of goods sold using Specific Identification, FIFO, LIFO, and Weighted Average....
Calculate ending inventory and cost of
goods sold using Specific Identification, FIFO, LIFO, and Weighted
Average.
Required information Problem 6-2B Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (LO6-3, 6-4, 6-5) (The following information applies to the questions displayed below.] Pete's Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete's Tennis Shop uses a periodic inventory system. Date Units Unit Cost Total...
can someone help me as soon as possible please Specific Identification, FIFO, LIFO, and Weighted Average...
can someone help me as soon as possible please
Specific Identification, FIFO, LIFO, and Weighted Average Boyce Company's beginning inventory and purchases during the fiscal year ended September 30, 20-2, are shown. October 1, 20-1 Beginning inventory October 18 1st purchase November 25 2nd purchase January 12, 20-2 3rd purchase March 17 4th purchase Units Unit Price Total Cost 400 $15.00 $6,000 300 16.50 4,950 600 17.00 10,200 700 17.25 12,075 800 18.00 14,400 400 19.00 7,600 300 21.00 6,300...
FIFO First in, first out LIFO Last in, first out WA Weighted average SI Specific identification...
FIFO First in, first out LIFO Last in, first out WA Weighted average SI Specific identification The method that is used if each inventory item can be matched with a specific purchase and invoice. The method that will cause the company to have the lowest income taxes. The method that will cause the company to have the lowest cost of goods sold. The method that will assign a value to inventory that approximates current cost. The method that will tend...
FIFO, LIFO, WAV, and Specific Identification. The top portion includes the units at cost and units...
FIFO, LIFO, WAV, and Specific Identification. The top portion
includes the units at cost and units sold.
Montoure Company uses a perpetual inventory system. It entered into the following calendar year purchases and sales transactions Units Sold at Retail Units Acquired at Cost 57e units $50 per unit 380 units 547 per unit 190 units@ $35 per unit Date Activities Jan. 1 Beginning inventory Feb. 1e Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept....
29A Accounting for inventory using the perpetual inventory system/FIFO, LIFO, and weighted average, and comparing FIFO,...
29A Accounting for inventory using the perpetual inventory system/FIFO, LIFO, and weighted average, and comparing FIFO, LIFO, and weighted-average Iron Man began August with 65 units of iron inventory that cost $30 each. During August, the company completed the following inventory transactions: Units Unit Cost Unit Sale Price $ 81 Aug. 3 8 85 $50 Sale Purchase Sale Purchase 75 45 Requirements 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory costing method. 2. Prepare...
P6-29A Accounting for inventory using the perpetual inventory system FIFO, LIFO, and weighted-average, and comparing FIFO,...
P6-29A Accounting for inventory using the perpetual inventory system FIFO, LIFO, and weighted-average, and comparing FIFO, LIFO, and weighted-average Learning Objectives 2, 3 5. FIFO GP $5,235 Steel Mill began August with 50 units of iron inventory that cost $35 each. During August, the company completed the following inventory transactions: Units Unit Cost Unit Sales Price Aug. 3 Sale 45 $85 8 Purchase 90 $54 21 Sale 85 88 30 Purchase 15 58 Requirements 1. Prepare a perpetual inventory record...
Accounting LIFO, FIFO Question
Please fix Perpetual FIFO and Perpetual LIFO. and do the Weighted Average and Specific Id. Required...
Please fix Perpetual FIFO and Perpetual LIFO. and do the
Weighted Average and Specific Id.
Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 250 units @ $54.00 per unit 300 units @ $59.00 per unit 410 units@ $89.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9...
Needs to be done on an excel with fifo, lifo, specific
identification, weighted average, journal entries, and cogs plus
ending inventory seperated and filled out.
3 Northgate Products Corp. sells gadgets and uses the perpetual inventory system. During the 4 month of January 2019, the number of gadgets purchased and sold was as follows: Purchased Sold Balance in inventory Date Units Unit cost Total $ Units Unit cost Total $ Total $ Units Unit cost 200 $2/ Jan. 1 3...
Calculate ending inventory and cost of
goods sold using Specific Identification, FIFO, LIFO, and Weighted
Average.
Required information Problem 6-2B Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (LO6-3, 6-4, 6-5) (The following information applies to the questions displayed below.] Pete's Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete's Tennis Shop uses a periodic inventory system. Date Units Unit Cost Total...
can someone help me as soon as possible please
Specific Identification, FIFO, LIFO, and Weighted Average Boyce Company's beginning inventory and purchases during the fiscal year ended September 30, 20-2, are shown. October 1, 20-1 Beginning inventory October 18 1st purchase November 25 2nd purchase January 12, 20-2 3rd purchase March 17 4th purchase Units Unit Price Total Cost 400 $15.00 $6,000 300 16.50 4,950 600 17.00 10,200 700 17.25 12,075 800 18.00 14,400 400 19.00 7,600 300 21.00 6,300...
FIFO, LIFO, WAV, and Specific Identification. The top portion
includes the units at cost and units sold.
Montoure Company uses a perpetual inventory system. It entered into the following calendar year purchases and sales transactions Units Sold at Retail Units Acquired at Cost 57e units $50 per unit 380 units 547 per unit 190 units@ $35 per unit Date Activities Jan. 1 Beginning inventory Feb. 1e Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept....
29A Accounting for inventory using the perpetual inventory system/FIFO, LIFO, and weighted average, and comparing FIFO, LIFO, and weighted-average Iron Man began August with 65 units of iron inventory that cost $30 each. During August, the company completed the following inventory transactions: Units Unit Cost Unit Sale Price $ 81 Aug. 3 8 85 $50 Sale Purchase Sale Purchase 75 45 Requirements 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory costing method. 2. Prepare...
P6-29A Accounting for inventory using the perpetual inventory system FIFO, LIFO, and weighted-average, and comparing FIFO, LIFO, and weighted-average Learning Objectives 2, 3 5. FIFO GP $5,235 Steel Mill began August with 50 units of iron inventory that cost $35 each. During August, the company completed the following inventory transactions: Units Unit Cost Unit Sales Price Aug. 3 Sale 45 $85 8 Purchase 90 $54 21 Sale 85 88 30 Purchase 15 58 Requirements 1. Prepare a perpetual inventory record...
Please fix Perpetual FIFO and Perpetual LIFO. and do the
Weighted Average and Specific Id.
Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 250 units @ $54.00 per unit 300 units @ $59.00 per unit 410 units@ $89.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9...
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