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During the year, Wright Company sells 375 remote-control airplanes for $110 each. The company has the...
During the year, Wright Company sells 370 remote-control airplanes for $120 each. The company has the...
During the year, Wright Company sells 370 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Units Unit Cost $74 40 Date Jan 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Total Cost $ 2.960 16,170 13.120 210 160 82 410 $ 32,250 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Average Ending Cost of Goods Available for Sale Cost...
During the year, Wright Company sells 380 remote-control airplanes for $100 each. The company has the...
During the year, Wright Company sells 380 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Unit Units Cost 50 $ 72 200 75 150 80 400 Total Cost $ 3,600 15,000 12,000 $30,600 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Ending Inventory Cost of Goods Available for Sale...
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 the year, Wright Company sells 380 remote-control airplanes for $100 each. The company has the...
During the year, Wright Company sells 380 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Unit Units Cost 50 $72 200 75 BO 400 Total Cost $ 3,600 15,000 12.000 $30, 600 150 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Available for Sale of units...
ainutes During the year, Wright Company sels 465 remote-control airplanes for $100 each. The company has...
ainutes During the year, Wright Company sels 465 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Unit Cost Date Jan 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 50 245 195 Total Cost $ 4,050 20.580 17,355 89 490 $ 41,985 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO, FIFO Cost of Goods Sold Cost of Goods Available for...
During the year, Wright Company sells 495 remote control airplanes for $100 each. The company has...
During the year, Wright Company sells 495 remote control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 50 275 225 Unit Cost Total Cost $67 $ 3,350 70 19,250 75 16,875 550 $ 39,475 USA Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Sold Ending Inventory...
During the year, Wright Company sells 500 remote control airplanes for $120 each. The company has...
During the year, Wright Company sells 500 remote control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units Unit Cost Total Cost 40 $68 $ 2,720 270 71 19,170 220 16,720 76 530 $ 38,610 Calculate ending inventory and cost of goods sold for the year, assuming the company uses weighted-average cost. (Round your average cost per unit to...
During the year, Wright Company sells 415 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 50 $ 75
During the year, Wright Company sells 415 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. DateTransactionNumber of UnitsUnit CostTotal CostJan. 1Beginning inventory50$75$3,750May. 5Purchase2157816,770Nov. 3Purchase1658313,695430$34,215 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO.
A201 HMWK Chapter 6 Spiceland Problem During 20x1, Wright Company sells 320 remote control airplanes for...
A201 HMWK Chapter 6 Spiceland Problem During 20x1, Wright Company sells 320 remote control airplanes for $100 cach. The company has the following inventory purchase transactions for 20x1. Date Transaction Number of Units Unit Cost Total Cost Beginning inventory 50 $72 $ 3,600 Mays Purchase 15,000 Nov3 Purchase 200 $26.600 Calculate ending inventory and cost of goods sold for 20xl assuming the company uses a periodic inventory system and used: (a) FIFO, (b) LIFO. (c) Weighted average methods.
Brief Exercise 6-5 Calculate ending Inventory and cost of goods sold using FIFO (L06-3) During the...
Brief Exercise 6-5 Calculate ending Inventory and cost of goods sold using FIFO (L06-3) During the year, Wright Company sells 490 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year Jan. 1 May. 5 Nov 3 Transaction Beginning inventory Purchase Purchase Number of U nits 4 0 270 220 Unit Cost $68 71 7 6 Total Cost $ 2,720 19,170 16, 720 $38, 610 Calculate ending inventory and cost of goods sold for...
During the year, Wright Company sells 370 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Units Unit Cost $74 40 Date Jan 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Total Cost $ 2.960 16,170 13.120 210 160 82 410 $ 32,250 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Average Ending Cost of Goods Available for Sale Cost...
During the year, Wright Company sells 380 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Unit Units Cost 50 $ 72 200 75 150 80 400 Total Cost $ 3,600 15,000 12,000 $30,600 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Ending Inventory Cost of Goods Available for Sale...
During the year, Wright Company sells 380 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Unit Units Cost 50 $72 200 75 BO 400 Total Cost $ 3,600 15,000 12.000 $30, 600 150 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Available for Sale of units...
ainutes During the year, Wright Company sels 465 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Unit Cost Date Jan 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 50 245 195 Total Cost $ 4,050 20.580 17,355 89 490 $ 41,985 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO, FIFO Cost of Goods Sold Cost of Goods Available for...
During the year, Wright Company sells 495 remote control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 50 275 225 Unit Cost Total Cost $67 $ 3,350 70 19,250 75 16,875 550 $ 39,475 USA Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Sold Ending Inventory...
During the year, Wright Company sells 500 remote control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units Unit Cost Total Cost 40 $68 $ 2,720 270 71 19,170 220 16,720 76 530 $ 38,610 Calculate ending inventory and cost of goods sold for the year, assuming the company uses weighted-average cost. (Round your average cost per unit to...
A201 HMWK Chapter 6 Spiceland Problem During 20x1, Wright Company sells 320 remote control airplanes for $100 cach. The company has the following inventory purchase transactions for 20x1. Date Transaction Number of Units Unit Cost Total Cost Beginning inventory 50 $72 $ 3,600 Mays Purchase 15,000 Nov3 Purchase 200 $26.600 Calculate ending inventory and cost of goods sold for 20xl assuming the company uses a periodic inventory system and used: (a) FIFO, (b) LIFO. (c) Weighted average methods.
Brief Exercise 6-5 Calculate ending Inventory and cost of goods sold using FIFO (L06-3) During the year, Wright Company sells 490 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year Jan. 1 May. 5 Nov 3 Transaction Beginning inventory Purchase Purchase Number of U nits 4 0 270 220 Unit Cost $68 71 7 6 Total Cost $ 2,720 19,170 16, 720 $38, 610 Calculate ending inventory and cost of goods sold for...
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