Pharoah Company uses a periodic inventory system and reports the following for the month of June.
Pharoah Company uses a periodic inventory system and reports the following for the month of June.
Date | Explanation | Units | Unit Cost | Total Cost | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
June 1 | Inventory | 120 | $5 | $ 600 | |||||||
12 | Purchase | 330 | 6 | 1,980 | |||||||
23 | Purchase | 200 | 7 | 1,400 | |||||||
30 | Inventory | 204 | |||||||||
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Pharoah Company uses a periodic inventory system and reports the following for the month of June.
headlands industries uses a periodic inventory system reports the following for the month of June. calculate...
headlands industries uses a periodic inventory system reports
the following for the month of June.
calculate the average cost per unit, using a perpetual
inventory system.
Units Unit Cost Date June 1 12 23 Explanation Inventory Purchases Purchases Inventory 370 200 Total Cost $650 2,220 1,400 30 300 A sale of 350 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (a) your answer is partially correct....
Headlands Industries uses a periodic inventory system and reports the following for the month of June....
Headlands Industries uses a periodic inventory system and
reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
120
$5
$ 600
12
Purchases
390
6
2,340
23
Purchases
190
7
1,330
30
Inventory
235
Calculate weighted-average unit cost. (Round answer
to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost
$enter a weighted-average unit cost in dollars
Compute the cost of the ending inventory and the cost of goods
sold under FIFO,...
Kaleta Company uses the perpetual inventory system and reports the following for the month of June....
Kaleta Company uses the perpetual inventory system and reports
the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
200
$5
$1,000
12
Purchase
400
6
2,400
23
Purchase
300
7
2,100
30
Inventory
100
Assume a sale of 440 units occurred on June 15 for a selling price
of $8 and a sale of 360 units on June 27 for $9.
Calculate the cost of the ending inventory and the cost of...
Waterway Company uses a periodic system reports the following for the month of June. Unit Cost...
Waterway Company uses a periodic system reports the following for the month of June. Unit Cost $7 8 June 1 12 23 30 Units 300 300 420 310 110 Inventory Purchase Purchase Inventory Total Cost $ 2,100 3,360 2,790 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. FIFO LIFO Cost of the ending inventory Cost of goods sold
Teal Mountain Inc. uses a periodic inventory system and reports the following for the month of...
Teal Mountain Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $650 12 Purchases 370 2,220 Purchases 200 7 1,400 Inventory 240 Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ e Textbook and Media Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers...
Carla Vista Co. uses a periodic inventory system and reports the following for the month of...
Carla Vista Co. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost $5 $625 June 1 Inventory 125 12 Purchases 380 6 2,280 Purchases 23 220 1,540 30 Inventory 250 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) $ Weighted-average unit cost 7 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to...
Question 13 Carla Vista Co. uses a periodic inventory system reports the following for the month...
Question 13 Carla Vista Co. uses a periodic inventory system reports the following for the month of June. Explanation Date Units Unit Cost Total Cost June 1 Inventory 117 $5 $585 12 Purchases 333 6 1,998 Purchases 200 7 1,400 250 Inventory A sale of 350 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. Calculate cost of the ending inventory and the cost of goods sold...
Riverbed Corp uses a periodic inventory system and reports the following for the month of June....
Riverbed Corp uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 105 $5 $ 525 Purchases 2,250 1,435 23 Purchases Inventory * Your answer is incorrect. Calculate weighted average unit cost. (Round answer to 3 decimal places, s. 5.125.) Weighted average unit cost $ 2565 e Textbook and Media x Your answer is incorrect. Compute the cost of the ending inventory and the cost of...
Sandhill Co. uses a perpetual inventory system reports the following for the month of June. Unit...
Sandhill Co. uses a perpetual inventory system reports the following for the month of June. Unit Cost Date Explanation Units Total Cost $5 $575 June 1 Inventory 115 12 Purchases 345 2,070 6 Purchases 23 190 1,330 7 30 200 Inventory LLIE! Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) $ June 1 $ June 12 $ June 15 $ June 23 $ June 27 eTextbook and Media Calculate...
Culver Corporation uses a periodic inventory system and reports the following for the month of June....
Culver Corporation uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 12 Inventory Purchases Purchases 100 365 210 $5 6 $500 2,190 1.470 7 Inventory Your answer is incorrect. Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ e Textbook and Media X Your answer is incorrect. Compute the cost of the ending inventory and the cost of...
headlands industries uses a periodic inventory system reports
the following for the month of June.
calculate the average cost per unit, using a perpetual
inventory system.
Units Unit Cost Date June 1 12 23 Explanation Inventory Purchases Purchases Inventory 370 200 Total Cost $650 2,220 1,400 30 300 A sale of 350 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (a) your answer is partially correct....
Headlands Industries uses a periodic inventory system and
reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
120
$5
$ 600
12
Purchases
390
6
2,340
23
Purchases
190
7
1,330
30
Inventory
235
Calculate weighted-average unit cost. (Round answer
to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost
$enter a weighted-average unit cost in dollars
Compute the cost of the ending inventory and the cost of goods
sold under FIFO,...
Kaleta Company uses the perpetual inventory system and reports
the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
200
$5
$1,000
12
Purchase
400
6
2,400
23
Purchase
300
7
2,100
30
Inventory
100
Assume a sale of 440 units occurred on June 15 for a selling price
of $8 and a sale of 360 units on June 27 for $9.
Calculate the cost of the ending inventory and the cost of...
Waterway Company uses a periodic system reports the following for the month of June. Unit Cost $7 8 June 1 12 23 30 Units 300 300 420 310 110 Inventory Purchase Purchase Inventory Total Cost $ 2,100 3,360 2,790 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. FIFO LIFO Cost of the ending inventory Cost of goods sold
Teal Mountain Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $650 12 Purchases 370 2,220 Purchases 200 7 1,400 Inventory 240 Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ e Textbook and Media Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers...
Carla Vista Co. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost $5 $625 June 1 Inventory 125 12 Purchases 380 6 2,280 Purchases 23 220 1,540 30 Inventory 250 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) $ Weighted-average unit cost 7 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to...
Question 13 Carla Vista Co. uses a periodic inventory system reports the following for the month of June. Explanation Date Units Unit Cost Total Cost June 1 Inventory 117 $5 $585 12 Purchases 333 6 1,998 Purchases 200 7 1,400 250 Inventory A sale of 350 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. Calculate cost of the ending inventory and the cost of goods sold...
Riverbed Corp uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 105 $5 $ 525 Purchases 2,250 1,435 23 Purchases Inventory * Your answer is incorrect. Calculate weighted average unit cost. (Round answer to 3 decimal places, s. 5.125.) Weighted average unit cost $ 2565 e Textbook and Media x Your answer is incorrect. Compute the cost of the ending inventory and the cost of...
Sandhill Co. uses a perpetual inventory system reports the following for the month of June. Unit Cost Date Explanation Units Total Cost $5 $575 June 1 Inventory 115 12 Purchases 345 2,070 6 Purchases 23 190 1,330 7 30 200 Inventory LLIE! Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) $ June 1 $ June 12 $ June 15 $ June 23 $ June 27 eTextbook and Media Calculate...
Culver Corporation uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 12 Inventory Purchases Purchases 100 365 210 $5 6 $500 2,190 1.470 7 Inventory Your answer is incorrect. Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ e Textbook and Media X Your answer is incorrect. Compute the cost of the ending inventory and the cost of...
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