ZuoTi.Pro
Question
Please show all work. Thank you.
CCSU Office Equipment had the following purchase and sales January 1 balance, 600 units @ $60 $36,000 Purchases: January 10:
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

coled an- Janlo Pu·chases | 900 | 61 | 5490 6oo 600 60 13 Jan lo Eotal li0o 106 7og00 an go0 6 50054000 606aD oob 1 2000 LooJan-ao20063 26oo loo 6o00 263 2600 TO もotai Jan-ao 300 & Goo S oO Jan- 26 052000 6ooo v0 asex 2Do 20063 260o 800 800 S2o00 20Total I5SSoD b00 g1900 11900 316o0 Soldssécm 6oo 60 36000 Jan - lo 00 6 54900 Jan -ao 20D 63 900 lo 6Soo Goods avalable fors sale Sales Jan.12 Jan-28 2 SoO Y 2sco 4

0 0
Add a comment
Know the answer?
Add Answer to:
Please show all work. Thank you. CCSU Office Equipment had the following purchase and sales January...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Quayle Bookstore had the following beginning inventory, purchases, and sales during the month of January: Date  ...

    Quayle Bookstore had the following beginning inventory, purchases, and sales during the month of January: Date     Beginning Inventory/Purchases     Sales Jan. 01 500 @ $9 14 380 @ $15 17                                250 @ $10 25                                250 @ $12 29 260 @ $17 Quayle uses the perpetual inventory method. According to a physical count, 360 units were on hand at January 31 (ending inventory). The cost of the inventory at January 31 (ending inventory), under the LIFO method is:

  • Shown below is activity for one of the products of Denver Office Equipment: January 1 balance,...

    Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 560 units @ $56 per unit $31, 360 Purchases: 560 units @ $61 per unit 10: January 1,120 units @ $65 per unit 20: Sales: January 940 units 12: 810 units 28: Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses average cost and a perpetual inventory system. (Do not round intermediate calculations. Round your final...

  • please demonstrate how to solve by hand and show all steps! thank you :) 440 SECTION...

    please demonstrate how to solve by hand and show all steps! thank you :) 440 SECTION 2 P 8-5 Various inventory costing methods • LO8-1, LO8-4 Assets Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: Purchases Unit Cost Total Cost Date of Purchase Jan. 10 Jan. 18 Units 5,000 6,000 $ 45,000 60,000 $ 105,000 Total purchases 11,000 "Includes purchase...

  • Shown below is activity for one of the products of Denver Office Equipment: bints eBook January...

    Shown below is activity for one of the products of Denver Office Equipment: bints eBook January 1 balance, 540 units e$50 $27,000 Purchases: January 540 units @ $55 10: January 1,020 units $56 20: Sales: January 910 units 12: January 790 units 28: Print References Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a perpetual inventory system. Ending inventory Cost of goods sold

  • Quayle Bookstore had the following beginning inventory, purchases, and sales during the month of January: Date  ...

    Quayle Bookstore had the following beginning inventory, purchases, and sales during the month of January: Date     Beginning Inventory/Purchases     Sales Jan. 01 500 @ $9 14 380 @ $15 17                                250 @ $10 25                                250 @ $12 29 260 @ $17 Quayle uses the perpetual inventory method. According to a physical count, 360 units were on hand at January 31 (ending inventory). The cost of the inventory at January 31 (ending inventory), under the FIFO method is:

  • January 20: 800 units at $62 = $49,600 Sales: January 12: 1,200 units January 28: 900...

    January 20: 800 units at $62 = $49,600 Sales: January 12: 1,200 units January 28: 900 units t is the average cost per unit that should be used to determine the cost of the units sold on January 28? (Round your answer to two decimal points.) us Corp. uses a periodic system and the FIFO method. Otis had beginning inventory of 30 units purchased at $120 each and made the following purchases during the year. Jan. 15:34 units at $110...

  • 12 Taylor Co. had beginning inventory of $1150 and ending inventory of $1,630. Taylor Co. had...

    12 Taylor Co. had beginning inventory of $1150 and ending inventory of $1,630. Taylor Co. had cost of goods sold amounting to $3.230. What is the amount of inventory that was purchased during the period? Multiple Choice (2 60025 Ο $2. Ο Ο 53,710 Ο Ο 50,000 Ο Ο μιο Saved Help fine following information applies to me questions displayed below. Chase Co. uses the perpetual Inventory method. The inventory records for Chase reflected the following information: Jan 1 Jan...

  • Please provide detail answers. Jessica's Office Supply, Inc., had 300 calculators on hand at January 1,...

    Please provide detail answers. Jessica's Office Supply, Inc., had 300 calculators on hand at January 1, 2017, costing $16 each. Purchases and sales of calculators during the month of January were as follows: Purchases Sales 200 @ $25 Date January 12 14 29 30 150 @ $17 100 @ $18 150 @ $30 Jessica does not maintain perpetual inventory records. According to a physical count, 200 calculators were on hand at January 31, 2017. Required: 1. What is the amount...

  • 2. Irving, Inc. began operations on January 1, 2018. Relevant information about inventory purchases and sales...

    2. Irving, Inc. began operations on January 1, 2018. Relevant information about inventory purchases and sales in January is shown below. Using this data to compute ending inventory and cost of goods sold for each of the following methods. Be sure your answer is organized well and easy to read and follow. # Units Cost $3.00 $3.20 $3.30 January 1 - 1.200 units January 7. Sold 700 units January 10 - Purchased 600 units January 13 - Sold 500 units...

  • Uw MDOS IV ure yer you weru. Chase Co. uses the perpetual inventory method. The inventory...

    Uw MDOS IV ure yer you weru. Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following information 11 Jan 1 Jan 12 Jan 18 Jan 21 Jan 25 Jan 31 Beginning inventory Purchase Sales Purchase Purchase Sales 800 units $3.30 900 units # $3.10 1,000 units $4.80 BOD units $3.40 600 units $3.20 950 units $4.80 00.2004 Assuming Chase uses a LIFO cost flow method, what is the amount of cost of goods sold...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT