The following are the inventory purchase and sales transactions of Packer Corp:
The following are the inventory purchase and sales transactions of Packers Corp: Description Units Cost/Unit $40 $42 Price/Unit Date Balance Purchase Jan. 1 Jan. 5 Jan. 8 Jan. 15 Purchase Jan. 25 Sale 30 20 $80 Sale 35 $40 50 $80 40 Use the information above to answer the below questions. Round to the nearest dollar. Question 10 (0.001 points) Saved Please feel free to utilize the templates provided below.
Q 15. The total ending inventory of Jan 31 that would appear on packers statement of financial position using the moving weighted average method is:
Q 16. The total goods sold for the month using the moving weighted average method is:
Q 17. The total gross profit for Jan 25 sale using the moving weighted average method is:
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The following are the inventory purchase and sales transactions of Packer Corp:
The following are the inventory purchase and sales transactions of Packers Corp: Description Units Cost/Unit $40...
The following are the inventory purchase and sales transactions of Packers Corp: Description Units Cost/Unit $40 $42 Price/Unit Date Balance Purchase Jan. 1 Jan. 5 Jan. 8 Jan. 15 Purchase Jan. 25 Sale 30 20 $80 Sale 35 $40 50 $80 40 Use the information above to answer the below questions. Round to the nearest dollar. Question 10 (0.001 points) Saved Please feel free to utilize the templates provided below. The templates are not worth marks, but are for your...
Fill out excel Better Bottles, Inc., uses a periodic inventory system and has the following information...
Fill out excel
Better Bottles, Inc., uses a periodic inventory system and has the following information available: ON # of Units $ Description 4 Beginning Inventory 5 Jan. 15 Purchase 6 Jan. 20 Purchase 7 Goods Available for Sale 8 Less: January Sales 9 Ending Inventory 10 Cost per Unit 20.00 22.00 30.00 WP T otal Cost 400.00 594.00 990.00 1,984.00 12 Required: 13 1) Calculate both the Ending Inventory and cost of Goods Sold using Periodic FIFO. FIFO Ending...
Better Bottles, Inc. uses a periodic inventory system and has provided its current inventory information. The...
Better Bottles, Inc. uses a periodic inventory system and has provided its current inventory information. The Controller has as you to prepare a comparison of the Ending Inventory and Cost of Goods Sold totals for three different inventory costing methods: Periodic FIFO, LIFO, and Weighted-Average. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. • Cell Reference: Allows you to refer to data from another cell in the worksheet. From the...
25. Inventory Costing Methods (LO 5.2) The following schedule summarizes the inventory pur- chases and sales...
25. Inventory Costing Methods (LO 5.2) The following schedule summarizes the inventory pur- chases and sales of Brooks Street Enterprises during January 2009: Per Unit Cost $40 Per Unit Selling Price # of Units 400 200 300 BI Jan. 2 purchase Jan. 5 sale Jan. 9 purchase Jan. 14 sale Jan. 18 purchase Jan. 21 sale Jan. 25 purchase Jan. 31 sale 200 350 200 150 500 450 100 Required: (a) Determine Brooks Street's ending inventory, cost of goods sold,...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
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 100 units @ $50.00 per unit 400 units @ $55.00 per unit 420 units @ $85.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units @ $60.00 per unit 200 units @ $62.00 per unit 160 units...
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions...
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date Units Sold at Retail Units Acquired at Cost 135 units @ $70 per unit 435 units @ $75 per unit 455 units @ $105 per unit Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 190 units @ $80 per unit 270 units @ $82 per unit 230 units...
Test 2 Calculator Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Midnight Supplies...
Test 2 Calculator Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows: Number of Units Date Transaction Per Unit Total Jan. 1 Inventory 7,200 $74.00 $532,800 10 Purchase 21,600 84.00 1,814,400 28 Sale 148.00 1,598,400 10,800 3,600 30 Sale 148.00 532,800 Feb. 5 Sale 1,440 148.00 213,120 10 Purchase 51,840 86.50 4,484,160 16 Sale 25,920 158.00 4,095,360 28 Sale 24,480 158.00 3,867,840 Mar....
Blue Spruce Corp. is a retailer operating in Calgary, Alberta. Blue Spruce uses the perpetual inventory...
Blue Spruce Corp. is a retailer operating in Calgary, Alberta. Blue Spruce uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Blue Spruce for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 159 $18 Jan. 2 Purchase 102 23 Jan. 6 Sale 174 42 Jan. 9 Purchase 73 24 Jan. 10 Sale 55 48...
Montoure Company uses a perpetual Inventory system. It entered into the following calendar-year purchases and sales...
Montoure Company uses a perpetual Inventory system. It entered into the following calendar-year purchases and sales transactions Units sold at Retail Unite Aequired at Cost 680 units 540 per unit 320 units @ $35 per unit 100 units $23 per unit Date Activities Jan. Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 720 unitse $75 per unit 130 units 490 units $45 per unit $41 per unit...
During 2021, a company sells 20 units of inventory. The company has the following inventory purchase...
During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory Sep.8 Purchase Number of Units 15 10 25 Unit Cost Total Cost $50 $ 750 94 $1,690 940 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending...
The following are the inventory purchase and sales transactions of Packers Corp: Description Units Cost/Unit $40 $42 Price/Unit Date Balance Purchase Jan. 1 Jan. 5 Jan. 8 Jan. 15 Purchase Jan. 25 Sale 30 20 $80 Sale 35 $40 50 $80 40 Use the information above to answer the below questions. Round to the nearest dollar. Question 10 (0.001 points) Saved Please feel free to utilize the templates provided below. The templates are not worth marks, but are for your...
Fill out excel
Better Bottles, Inc., uses a periodic inventory system and has the following information available: ON # of Units $ Description 4 Beginning Inventory 5 Jan. 15 Purchase 6 Jan. 20 Purchase 7 Goods Available for Sale 8 Less: January Sales 9 Ending Inventory 10 Cost per Unit 20.00 22.00 30.00 WP T otal Cost 400.00 594.00 990.00 1,984.00 12 Required: 13 1) Calculate both the Ending Inventory and cost of Goods Sold using Periodic FIFO. FIFO Ending...
Better Bottles, Inc. uses a periodic inventory system and has provided its current inventory information. The Controller has as you to prepare a comparison of the Ending Inventory and Cost of Goods Sold totals for three different inventory costing methods: Periodic FIFO, LIFO, and Weighted-Average. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. • Cell Reference: Allows you to refer to data from another cell in the worksheet. From the...
25. Inventory Costing Methods (LO 5.2) The following schedule summarizes the inventory pur- chases and sales of Brooks Street Enterprises during January 2009: Per Unit Cost $40 Per Unit Selling Price # of Units 400 200 300 BI Jan. 2 purchase Jan. 5 sale Jan. 9 purchase Jan. 14 sale Jan. 18 purchase Jan. 21 sale Jan. 25 purchase Jan. 31 sale 200 350 200 150 500 450 100 Required: (a) Determine Brooks Street's ending inventory, cost of goods sold,...
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 100 units @ $50.00 per unit 400 units @ $55.00 per unit 420 units @ $85.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units @ $60.00 per unit 200 units @ $62.00 per unit 160 units...
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date Units Sold at Retail Units Acquired at Cost 135 units @ $70 per unit 435 units @ $75 per unit 455 units @ $105 per unit Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 190 units @ $80 per unit 270 units @ $82 per unit 230 units...
Test 2 Calculator Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows: Number of Units Date Transaction Per Unit Total Jan. 1 Inventory 7,200 $74.00 $532,800 10 Purchase 21,600 84.00 1,814,400 28 Sale 148.00 1,598,400 10,800 3,600 30 Sale 148.00 532,800 Feb. 5 Sale 1,440 148.00 213,120 10 Purchase 51,840 86.50 4,484,160 16 Sale 25,920 158.00 4,095,360 28 Sale 24,480 158.00 3,867,840 Mar....
Montoure Company uses a perpetual Inventory system. It entered into the following calendar-year purchases and sales transactions Units sold at Retail Unite Aequired at Cost 680 units 540 per unit 320 units @ $35 per unit 100 units $23 per unit Date Activities Jan. Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 720 unitse $75 per unit 130 units 490 units $45 per unit $41 per unit...
During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory Sep.8 Purchase Number of Units 15 10 25 Unit Cost Total Cost $50 $ 750 94 $1,690 940 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending...
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