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15B-4. On January 1, 20XX, Ashley Company, a company that uses the periodic inventory system, began...
Seminole Company began the year with 27,000 units of product in its January 1 inventory costing...
Seminole Company began the year with 27,000 units of product in its January 1 inventory costing $16.40 each. It made purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31, a physical count reveals that 49,000 units of its product remain in inventory. Mar. May Aug. Nov. 7 42,000 units @ $19.40 each 25 44,000 units @ $23.40 each 1 34,000 units @ $25.40 each 10 40,000 units @ $28.40 each...
Seminole Company began the year with 22,500 units of product in its January 1 Inventory costing...
Seminole Company began the year with 22,500 units of product in its January 1 Inventory costing $15.50 each. It made purchases of its product during the year as follows. The company uses a periodic Inventory system. On December 31, a physical count reveals that 40,000 units of its product remain in inventory. Mar. May Aug. Nov. 733,000 units $18.50 each 25 35,000 units @ $22.50 each 125,000 units @ $24.50 each 10 35,500 units @ $27.50 each Required: 1. Compute...
Seminole Company began the year with 20,500 units of product in its January 1 inventory costing...
Seminole Company began the year with 20,500 units of product in its January 1 inventory costing $15.10 each. It made successive purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31, a physical count reveals that 36,000 units of its product remain in inventory. Mar. 7 29,000 units @ $18.10 each May 25 31,000 units @ $22.10 each Aug. 1 21,000 units @ $24.10 each Nov. 10 33,500 units @ $27.10...
Please complete 3 and 4 Montoure Company uses a periodic inventory system. It entered into the...
Please complete 3 and 4
Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Units Acquired at Cost 780 units @ $80.00 per unit 490 units @ $77.00 per unit 290 units @ $62.00 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 890 units @ $110.00 per unit 280...
Save & Ex Consider the following information for Maynor Company, which uses a periodic inventory system...
Save & Ex Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Beginning Inventory Purchase Purchase January 1 Units Unit Cost $ 67 73 Total Cost March 28 17 $1,139 1,971 2,618 3,237 August 22 October 14 27 34 77 Purchase 39 Goods Available for Sale 83 117 $8,965 The company sold 39 units on May 1 and 34 units on October 28 Required: Calculate the company's ending inventory and cost of goods sold using...
hapter 610) Consider the following information for Maynor Company, which uses a periodic inventory system Total...
hapter 610) Consider the following information for Maynor Company, which uses a periodic inventory system Total Cost Unit Cost $ 60 January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase 1,320 1.400 $5,220 The company sold 25 units on May 1 and 20 units on October 28 Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. (Round the per unit cost...
Cullumber Company uses a periodic inventory system. Its records show the following for the month of...
Cullumber Company uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $9 $306 15 Purchase 26 10 260 24 Purchase 40 11 440 Total 100 $1,006 Incorrect answer iconYour answer is incorrect. Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ Calculate the ending inventory at May 31 using...
Montoure Company uses a periodic inventory system. It entered into the following calendar year purchases and...
Montoure Company uses a periodic inventory system. It entered into the following calendar year purchases and sales transactions Date Units sold at Retail Activities Jan. Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Units Required at Cost 610 units. 540.00 per unit 405 units. 537.00 per unit 205 units $22.00 per unit 895 units $70.00 per unit 110 units. $45.00 per unit 510 units. 541.00 per unit $70.00 per unit 620...
Consider the following information for Maynor Company, which uses a periodic inventory system: Units 22 Transaction...
Consider the following information for Maynor Company, which uses a periodic inventory system: Units 22 Transaction Beginning Inventory Purchase Purchase Purchase Unit Cost $72 78 January 1 March 28 August 22 October 14 Total Cost $ 1,584 2,496 3,608 4,312 Goods Available for Sale 147 $12,000 The company sold 49 units on May 1 and 44 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following invento, costing methods. (Round...
Montoure Company uses a periodic inventory system. It entered into the following calendar year purchases and...
Montoure Company uses a periodic inventory system. It entered into the following calendar year purchases and sales transactions Units sold at Retail Units acquired at Cost 610 units $40.00 per unit 405 units $37.00 per unit 205 units $22.00 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 805 units $70.00 per unit 110 units. $45.00 per unit 510 units $41.00 per...
Seminole Company began the year with 27,000 units of product in its January 1 inventory costing $16.40 each. It made purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31, a physical count reveals that 49,000 units of its product remain in inventory. Mar. May Aug. Nov. 7 42,000 units @ $19.40 each 25 44,000 units @ $23.40 each 1 34,000 units @ $25.40 each 10 40,000 units @ $28.40 each...
Seminole Company began the year with 22,500 units of product in its January 1 Inventory costing $15.50 each. It made purchases of its product during the year as follows. The company uses a periodic Inventory system. On December 31, a physical count reveals that 40,000 units of its product remain in inventory. Mar. May Aug. Nov. 733,000 units $18.50 each 25 35,000 units @ $22.50 each 125,000 units @ $24.50 each 10 35,500 units @ $27.50 each Required: 1. Compute...
Please complete 3 and 4
Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Units Acquired at Cost 780 units @ $80.00 per unit 490 units @ $77.00 per unit 290 units @ $62.00 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 890 units @ $110.00 per unit 280...
Save & Ex Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Beginning Inventory Purchase Purchase January 1 Units Unit Cost $ 67 73 Total Cost March 28 17 $1,139 1,971 2,618 3,237 August 22 October 14 27 34 77 Purchase 39 Goods Available for Sale 83 117 $8,965 The company sold 39 units on May 1 and 34 units on October 28 Required: Calculate the company's ending inventory and cost of goods sold using...
hapter 610) Consider the following information for Maynor Company, which uses a periodic inventory system Total Cost Unit Cost $ 60 January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase 1,320 1.400 $5,220 The company sold 25 units on May 1 and 20 units on October 28 Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. (Round the per unit cost...
Montoure Company uses a periodic inventory system. It entered into the following calendar year purchases and sales transactions Date Units sold at Retail Activities Jan. Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Units Required at Cost 610 units. 540.00 per unit 405 units. 537.00 per unit 205 units $22.00 per unit 895 units $70.00 per unit 110 units. $45.00 per unit 510 units. 541.00 per unit $70.00 per unit 620...
Consider the following information for Maynor Company, which uses a periodic inventory system: Units 22 Transaction Beginning Inventory Purchase Purchase Purchase Unit Cost $72 78 January 1 March 28 August 22 October 14 Total Cost $ 1,584 2,496 3,608 4,312 Goods Available for Sale 147 $12,000 The company sold 49 units on May 1 and 44 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following invento, costing methods. (Round...
Montoure Company uses a periodic inventory system. It entered into the following calendar year purchases and sales transactions Units sold at Retail Units acquired at Cost 610 units $40.00 per unit 405 units $37.00 per unit 205 units $22.00 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 805 units $70.00 per unit 110 units. $45.00 per unit 510 units $41.00 per...
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