Homework Answers
B. 3,45,000
Average merchandise inventory = (beginning inventory+ending inventory)/2
=(340000+350000)/2
=345000
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Wildflower, Inc. provided the following for 2019 Cost of Goods Sold (Cost of sales) $1,300,000 Beginning...
6. Wildflower, Inc. provided the following for 2019: AED Cost of Goods Sold (Cost of sales)...
6. Wildflower, Inc. provided the following for 2019: AED Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory 1,000,000 325,000 630,000 Calculate the average merchandise inventory held during the year. AED
5. Kelley, Inc. provided the following account balances for 2018: Cost of Goods Sold (Cost of...
5. Kelley, Inc. provided the following account balances for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory AED 1,300,000 330,000 350,000 Calculate the average number of days that inventory was held by Kelley, Inc. during 2018, (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)_ Days.
Anderson Farms Company provided the following for 2018: Cost of Goods Sold (Cost of sales) Beginning...
Anderson Farms Company provided the following for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,200,000 300,000 630,000 Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places.) O A. 2.58 times per year OB. 1.29 times per year O c. 1.9 times per year OD. 4 times per year
34) Anderson Farms Company provided the following for 2018: Cost of Goods Sold (Cost of sales)__ Beginning Merchand...
34) Anderson Farms Company provided the following for 2018: Cost of Goods Sold (Cost of sales)__ Beginning Merchandise Inventory Ending Merchandise Inventory $1,200,000 300,000 640,000 Calculate the company's inventory tumover ratio for the year. (Round your answer to two decimal places.) O A) 2.55 times per year B) 1.28 times per year C) 4.00 times per year D) 1.88 times per year 35) A lower days' sales in inventory for Samson Company, when compared to other companies, indicates that it...
Anderson Farms Company provided the following for 2018 Cost of Goods Sold (Cost of sales)$1.200,000 Beginning...
Anderson Farms Company provided the following for 2018 Cost of Goods Sold (Cost of sales)$1.200,000 Beginning Merchandise Inventory Ending Merchandise Inventory $300,000 $640,000 Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places) O A. 4.00 times per year O B. 1.88 times per year ° C. 255 times per year O D. 128 times per year
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue...
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue OC. Sales Revenue Account Rece ODA Sales Revenge Refer to the following trial balance Credit Accounts Receivable Merchandise Inventory Supplies Debit $15.000 41000 61.000 18.000 330,000 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 315.000 22.000 3.000 3.000 A3245.000 OB. 599.000 C5107 000 OD S102.000 Cick to select your answer 25,000 315.000 22,000 3,000 455.000 Notes Payable Common Stock Retained Earnings Dividends Sales...
Roadside, Inc had the following balances and transactions during 2018 Beginning Merchandise Inventory 20 units at...
Roadside, Inc had the following balances and transactions during 2018 Beginning Merchandise Inventory 20 units at $74 March 10 Sold 18 units June 10 Purchased 40 units at 584 October 30 Sold 34 unite What is the amount of the company's ending Merchandise Inventory, as disclosed in the December 31, 2018 balance sheet using the periodic LIFO inventory costing method? O A $672 B. 5044 OC 5504 OD 5592 Click to select your answer Type here to search o
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts (Click...
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts (Click the icon to view the schedules.) Jones Inc. Fit Apparel 2,900 Snyder Corp. 40,900 5 35,000 20,900 10,700 10.600 1.200 800 Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Ending Work in Process Inventory 8,300 (2300) 125 400) Cost of Goods Manufactured Enter any number in the edit fields...
Kelley, the provided the following account balances for 2018 Cost of Goods Cost of sales Be...
Kelley, the provided the following account balances for 2018 Cost of Goods Cost of sales Be Merchandisinventory w at ons daardeal places OA 14427 days OB 280 08 days OC 0.1 Nicholine had the following balances and transactions during 2018 Deginning Merchande inventory as of January 1, 2018 400 at 12 Sold 50 June 19 ed units at 16 October What would be reported for Ending Merchandise Inventory on the balance sheet December 31, 2018 perpetual invertor in trout inventory...
Cougar, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory 100 units at...
Cougar, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory 100 units at $82 March 10 Sold 50 units June 10 Purchased 200 units at $84 October 30 Sold 100 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system and the weighted - average inventory costing method are used? (Round the unit costs to two decimal places and total costs...
6. Wildflower, Inc. provided the following for 2019: AED Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory 1,000,000 325,000 630,000 Calculate the average merchandise inventory held during the year. AED
5. Kelley, Inc. provided the following account balances for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory AED 1,300,000 330,000 350,000 Calculate the average number of days that inventory was held by Kelley, Inc. during 2018, (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)_ Days.
Anderson Farms Company provided the following for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,200,000 300,000 630,000 Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places.) O A. 2.58 times per year OB. 1.29 times per year O c. 1.9 times per year OD. 4 times per year
34) Anderson Farms Company provided the following for 2018: Cost of Goods Sold (Cost of sales)__ Beginning Merchandise Inventory Ending Merchandise Inventory $1,200,000 300,000 640,000 Calculate the company's inventory tumover ratio for the year. (Round your answer to two decimal places.) O A) 2.55 times per year B) 1.28 times per year C) 4.00 times per year D) 1.88 times per year 35) A lower days' sales in inventory for Samson Company, when compared to other companies, indicates that it...
Anderson Farms Company provided the following for 2018 Cost of Goods Sold (Cost of sales)$1.200,000 Beginning Merchandise Inventory Ending Merchandise Inventory $300,000 $640,000 Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places) O A. 4.00 times per year O B. 1.88 times per year ° C. 255 times per year O D. 128 times per year
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue OC. Sales Revenue Account Rece ODA Sales Revenge Refer to the following trial balance Credit Accounts Receivable Merchandise Inventory Supplies Debit $15.000 41000 61.000 18.000 330,000 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 315.000 22.000 3.000 3.000 A3245.000 OB. 599.000 C5107 000 OD S102.000 Cick to select your answer 25,000 315.000 22,000 3,000 455.000 Notes Payable Common Stock Retained Earnings Dividends Sales...
Roadside, Inc had the following balances and transactions during 2018 Beginning Merchandise Inventory 20 units at $74 March 10 Sold 18 units June 10 Purchased 40 units at 584 October 30 Sold 34 unite What is the amount of the company's ending Merchandise Inventory, as disclosed in the December 31, 2018 balance sheet using the periodic LIFO inventory costing method? O A $672 B. 5044 OC 5504 OD 5592 Click to select your answer Type here to search o
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts (Click the icon to view the schedules.) Jones Inc. Fit Apparel 2,900 Snyder Corp. 40,900 5 35,000 20,900 10,700 10.600 1.200 800 Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Ending Work in Process Inventory 8,300 (2300) 125 400) Cost of Goods Manufactured Enter any number in the edit fields...
Kelley, the provided the following account balances for 2018 Cost of Goods Cost of sales Be Merchandisinventory w at ons daardeal places OA 14427 days OB 280 08 days OC 0.1 Nicholine had the following balances and transactions during 2018 Deginning Merchande inventory as of January 1, 2018 400 at 12 Sold 50 June 19 ed units at 16 October What would be reported for Ending Merchandise Inventory on the balance sheet December 31, 2018 perpetual invertor in trout inventory...
Cougar, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory 100 units at $82 March 10 Sold 50 units June 10 Purchased 200 units at $84 October 30 Sold 100 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system and the weighted - average inventory costing method are used? (Round the unit costs to two decimal places and total costs...
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