Acct 6
(b)
Compute the cost of the ending inventory under the average-cost method, assuming there are 550 units on hand at the end of the period. (Round answer to 0 decimal places, e.g. 125.)
The cost of the ending inventory | $ |
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Homework Answers
Calculation of average unit cost:
Average unit cost = Total cost / Total units
Average unit cost = $22,050 / 2,250
Average unit cost = $9.80 per unit
Calculation of the cost of the ending inventory under the average-cost method:
The cost of ending inventory = Ending inventory x Average unit cost
The cost of ending inventory = 550 x $9.80
The cost of ending inventory = $5,390
In its first month of operations, Tamarisk, Inc. made three purchases of merchandise in the following...
In its first month of operations, Tamarisk, Inc. made three
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Calculate average unit cost.
(Round answer to 3 decimal places, e.g.
5.125.)
Average unit cost
$enter an average unit cost in dollars
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Compute the cost of the ending inventory under the average-cost
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In its first month of operations, Blue Spruce Corp. made three
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at $3, (2) 400 units at $5, and (3) 500 units at $7.
Calculate average unit cost.
(Round answer to 3 decimal places, e.g.
5.125.)
Average unit cost
$enter an average unit cost in dollars
Compute the cost of the ending inventory under the average-cost
method, assuming there are 250 units on hand at the end of the
period....
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Question 1 View Policies Current Attempt in Progress In its first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 350 units at $5, (2) 400 units at $7, and (3) 500 units at $8. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 250 units...
please help with this accounting problem! Ch 6: Homework View Policies Current Attempt in Progress In...
please help with this accounting problem!
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In its first month of operations, Bethke Company made three purchases of merchandise in the following...
In its first month of operations, Bethke Company made three
purchases of merchandise in the following sequence: (1) 120 units
at $9, (2) 400 units at $10, and (3) 115 units at $11.
Calculate the average unit cost. (Round answer to 2
decimal places, e.g. 15.25.)
Average unit cost
$
Compute the cost of the ending inventory under the average-cost
method, assuming there are 360 units on hand. (Round
answer to 0 decimal places, e.g. 1,250.)
The cost of the...
Question 1 In its first month of operations, Blue Company made three purchases of merchandise in...
Question 1 In its first month of operations, Blue Company made three purchases of merchandise in the following sequence: (1) 283 units at NT$174, (2) 409 units at NT$189, and (3) 188 units at NT$207. Blue uses a periodic inventory system. Assuming there are 468 units on hand, compute the cost of the ending inventory under the FIFO method The cost of the ending inventory NTSs LINK TO TEXT Assuming there are 468 units on hand, compute the cost of...
Problem 8-4 Headland Company’s record of transactions concerning part X for the month of April was...
Problem 8-4
Headland Company’s record of transactions concerning part X for the
month of April was as follows.
Purchases
Sales
April 1
(balance on hand)
350
@
$6.60
April 5
550
4
650
@
6.73
12
450
11
550
@
7.00
27
1,300
18
450
@
7.06
28
150
26
850
@
7.39
30
450
@
7.66
Calculate average-cost per unit. Assume that perpetual
inventory records are kept in units only. (Round answer
to 2 decimal places, e.g. 2.76.)
Average-cost...
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Question 10 Pharoah Company was formed in 2016 and maintains its books and records on calendar-year basis. The following information is available from Pharoah’s inventory records for Zhao’s only product, the XL5500. Units Unit Cost January 1, 2017 (beginning inventory) 1,100 $82.00 Purchases January 8, 2017 450 83.00 January 23, 2017 1,150 84.00 February 9, 2017 400 87.00 February 25, 2017 750 89.00 A physical inventory on February 28, 2017, shows 1,200 units on hand. Prepare schedule to compute the...
In its first month of operations, Tamarisk, Inc. made three
purchases of merchandise in the following sequence: (1) 500 units
at $8, (2) 600 units at $9, and (3) 700 units at $11.
Calculate average unit cost.
(Round answer to 3 decimal places, e.g.
5.125.)
Average unit cost
$enter an average unit cost in dollars
Show List of Accounts
Compute the cost of the ending inventory under the average-cost
method, assuming there are 400 units on hand at the end...
In its first month of operations, Blue Spruce Corp. made three
purchases of merchandise in the following sequence: (1) 350 units
at $3, (2) 400 units at $5, and (3) 500 units at $7.
Calculate average unit cost.
(Round answer to 3 decimal places, e.g.
5.125.)
Average unit cost
$enter an average unit cost in dollars
Compute the cost of the ending inventory under the average-cost
method, assuming there are 250 units on hand at the end of the
period....
In its first month of operations, Sheffield Corp. made three purchases of merchandise in the following sequence: (1) 350 units at $8, (2) 400 units at $9, and (3) 500 units at $10. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ eTextbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 250 units on hand at the end of the period. (Round...
In its first month of operations, Skysong, Inc. made three purchases of merchandise in the following sequence: (1) 290 units at $4, (2) 390 units at $6, and (3) 490 units at $7. Assuming there are 190 units on hand at the end of the period Your answer is incorrect. Try again. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost . SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL XYour answer is...
Question 1 View Policies Current Attempt in Progress In its first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 350 units at $5, (2) 400 units at $7, and (3) 500 units at $8. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 250 units...
please help with this accounting problem!
Ch 6: Homework View Policies Current Attempt in Progress In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 500 units at $4, (2) 600 units at $5, and (3) 700 units at $7. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the...
In its first month of operations, Bethke Company made three
purchases of merchandise in the following sequence: (1) 120 units
at $9, (2) 400 units at $10, and (3) 115 units at $11.
Calculate the average unit cost. (Round answer to 2
decimal places, e.g. 15.25.)
Average unit cost
$
Compute the cost of the ending inventory under the average-cost
method, assuming there are 360 units on hand. (Round
answer to 0 decimal places, e.g. 1,250.)
The cost of the...
Question 1 In its first month of operations, Blue Company made three purchases of merchandise in the following sequence: (1) 283 units at NT$174, (2) 409 units at NT$189, and (3) 188 units at NT$207. Blue uses a periodic inventory system. Assuming there are 468 units on hand, compute the cost of the ending inventory under the FIFO method The cost of the ending inventory NTSs LINK TO TEXT Assuming there are 468 units on hand, compute the cost of...
Problem 8-4
Headland Company’s record of transactions concerning part X for the
month of April was as follows.
Purchases
Sales
April 1
(balance on hand)
350
@
$6.60
April 5
550
4
650
@
6.73
12
450
11
550
@
7.00
27
1,300
18
450
@
7.06
28
150
26
850
@
7.39
30
450
@
7.66
Calculate average-cost per unit. Assume that perpetual
inventory records are kept in units only. (Round answer
to 2 decimal places, e.g. 2.76.)
Average-cost...
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