Calculate the goods available for sale for Atlantis Company, in units and in dollar amounts, given the following facts about their inventory for the period:
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LO 10.1 Calculate the goods available for sale for Atlantis Company, in units and in dollar amounts, given the following facts about their inventory for the period
Calculate the goods available for sale for Atlantis Company, in units and in dollar amounts, given the following facts about their inventory for the period:
calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircarf uses (a) FIFO, (b) LIFO, or (c) weighted average cost. Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July Units Unit Cost July 1 July 5 July 13...
If cost of goods available for sale was $4,000,000, and inventory not sold during the period amounts to $3,600,000. What is cost of goods sold?
QS 6-3 Computing goods available for sale LO P1 Wattan Company reports beginning inventory of 16 units at $35 each. Every week for four weeks it purchases an additional 16 units at respective costs of $36, $37. $40 and $45 per unit for weeks 1 through 4 Compute the cost of goods available for sale and the units available for sale for this four-week period.
cam someone help me with the amount of goods available for sale, emding inventory, and cost of goods sold st December 31in each inventory costing merhods? Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies Its Inventory costing method at the end of each period, as if it uses a periodic Inventory system. Assume its accounting records provided the following Information at the end of the annual accounting period, December 31. Units 3,400...
Inventory by Three Methods; Cost of Goods Sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 22 units at $1,800 May 15 Purchase 29 units at $1,950 Aug. 7 Purchase 14 units at $2,040 Nov. 20 Purchase 16 units at $2,100 There are 18 units of the item in the physical inventory at December 31. Determine the cost of ending inventory and the cost of goods sold by three methods, presenting...
Inventory by Three Methods; Cost of Goods Sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 22 units at $1,800 each June 9 Purchase 27 units at $1,950 each July 28 Purchase 13 units at $2,040 each Nov. 1 Purchase 16 units at $2,100 each There are 18 units of the item in the physical inventory at December 31. Determine the cost of ending inventory and the cost of goods sold...
1)Determine the cost of goods available for sale. The cost of goods available for sale $ Show Solution 2)Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Average cost per unit $ Show Solution 3). Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average). (Round answers to 0 decimal places, e.g. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory $ $ $...
M7-10 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under FIFO, LIFO, and Weighted Average Cost (Periodic Inventory) (LO 7-3] Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July. Unit Cost $20 July 1 July 5 July 13 July...
The beginning inventory was 900 units at a cost of $10 per unit. Goods available for sale during the year were 3,900 units at a total cost of $43,200. In May 1,800 units were purchased at a total cost of $19,800. The only other purchase transaction occurred during October. Ending inventory was 1,650 units. Required: a. Calculate the number of units purchased in October and the cost per unit purchased in October Purchased in October Number of units 900 Cost...