Question 5 (Chapter 6)
Pina Colada Corp.uses a periodic inventory systemIts records show the following for the month of May, in which 111 units were sold Units Unit CostTotal Cost ay 1 Inventory51 $ 14 $714 Purchases 43 17 731 Purchases60181,080 Totals 154$ 2,525 Compute the ending inventory at May 31 and cost of goods sold using the FIFO.LIFO , and average-cost methods. (Round per unit cost to 3 decimal places , egand final answers to O decimal places , 5,125 .)
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Exercise 6-05 Pina Colada Corp. uses a periodic inventory system. Its records show the following for...
Exercise 6-05 Pina Colada Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 79 units were sold. Date Units Unit Cost May 1 Explanation Inventory Purchase 30 Total Cost $270 250 25 15 24 Purchase 45 11 495 Total 100 $1,015 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods....
Question 6 Sweet Acacia Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts, Below...
Question 6 Sweet Acacia Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts, Below is information relating to Snowboards during September. During the same month, 102 EZ slide snowboards were sold. Sweet Acacia Corp. uses a periodic inventory system. Date Units Total Cost Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Unit Cost $106 109 110 111 $ 1,166 4,796 5,390 2,331 $13,683 Totals (a) Compute the ending inventory at September 30 using...
Concord Co, uses a periodic inventory system. Its records show the following for the month of...
Concord Co, uses a periodic inventory system. Its records show the following for the month of May, in which 72 units were sold. Unit Units Cost Total Cost May 1 Inventory 37 $11 $407 15 Purchases 350 24 Purchases 480 $1237 Totals Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory at May 31$ Cost of goods sold
Question 1 Question 2 Question 3 Question 4 Sandhill Co. uses a perpetual inventory system. Data...
Question 1
Question 2
Question 3
Question 4
Sandhill Co. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units Unit Price May 7 48 $14 July 28 36 19 On June 1, Sandhill sold 24 units, and on August 27,36 more units. * Your answer is incorrect. Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.) June 1 sale: $ 336 Aug....
Bridgeport Corp. reports the following for the month of June. Explanation Units Unit Cost Total Cost...
Bridgeport Corp. reports the following for the month of June. Explanation Units Unit Cost Total Cost June 1 Inventory 12 Purchases 2,310 23 Purchases 1,358 30 Inventory 240 $ 580 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round to 3 decimal places, e.g. 5.275. Round answers to decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending inventory The cost of goods sold Click...
Martinez Corp, sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating...
Martinez Corp, sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp's purchases of EZslide Discussions snowboards during September During the same month, 98 EZslide snowboards were sold Martinez Corp.uses a periodic iventory system Conferences Date Explanation Units Unit Cost Total Cost Collaborations Sept. 1 Inventory 13 $101 $1313 WileyPLUS Support Sept. 12 Purchases 46 104 4784 Sept. 19 Purchases 51 105 5,355 Sept. 26 Purchases 21 106 2.226 Totals 131 $13678 (a)...
View Policies Current Attempt in Progress Concord Co. uses a periodic inventory system. Its records show...
View Policies Current Attempt in Progress Concord Co. uses a periodic inventory system. Its records show the following for the month of May, in which 72 units were sold. Unit Cost Total Cost Units May 1 Inventory $407 15 Purchases - 350 24 Purchases 480 9 Totals 94 $1,237 Compute the ending Inventory at May 31 and cost of goods sold using the FIFO and LIFO methods FIFO Ending inventory at May 31 $ Cost of goods sold
Coronado Co. uses a periodic inventory system. Its records show the following for the month of...
Coronado Co. uses a periodic inventory system. Its records show
the following for the month of May, in which 74 units were
sold.
Units
Unit Cost
Total Cost
May 1
Inventory
34
$10
$340
15
Purchases
29
13
377
24
Purchases
33
14
462
Totals
96
$1,179
Compute the ending inventory at May 31 and cost of goods sold using
the FIFO and LIFO methods.
FIFO
LIFO
Ending inventory at May 31
$
$
Cost of goods sold
$
$
Ballas Co. uses a periodic inventory system. Its records show the following for the month of...
Ballas Co. uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold. Unit Cost Units Total Cost $240 A May 1 15 24 Inventory Purchases Purchases 30 25 35 $8 11 12 275 420 Totals 90 $935 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO * Ending inventory at May 31 **** ** Cost of goods sold
Windsor, Inc. uses a periodic inventory system. Its records show the following for the month of...
Windsor, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 88 units were sold. Unit Cost $14 May 1 Inventory 15 Purchases 24 Purchases Totals Units 41 34 47 Total Cost $574 578 846 $1,998 122 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory at May 31 $ Cost of goods sold
Exercise 6-05 Pina Colada Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 79 units were sold. Date Units Unit Cost May 1 Explanation Inventory Purchase 30 Total Cost $270 250 25 15 24 Purchase 45 11 495 Total 100 $1,015 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods....
Question 6 Sweet Acacia Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts, Below is information relating to Snowboards during September. During the same month, 102 EZ slide snowboards were sold. Sweet Acacia Corp. uses a periodic inventory system. Date Units Total Cost Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Unit Cost $106 109 110 111 $ 1,166 4,796 5,390 2,331 $13,683 Totals (a) Compute the ending inventory at September 30 using...
Concord Co, uses a periodic inventory system. Its records show the following for the month of May, in which 72 units were sold. Unit Units Cost Total Cost May 1 Inventory 37 $11 $407 15 Purchases 350 24 Purchases 480 $1237 Totals Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory at May 31$ Cost of goods sold
Question 1
Question 2
Question 3
Question 4
Sandhill Co. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units Unit Price May 7 48 $14 July 28 36 19 On June 1, Sandhill sold 24 units, and on August 27,36 more units. * Your answer is incorrect. Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.) June 1 sale: $ 336 Aug....
Bridgeport Corp. reports the following for the month of June. Explanation Units Unit Cost Total Cost June 1 Inventory 12 Purchases 2,310 23 Purchases 1,358 30 Inventory 240 $ 580 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round to 3 decimal places, e.g. 5.275. Round answers to decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending inventory The cost of goods sold Click...
Martinez Corp, sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp's purchases of EZslide Discussions snowboards during September During the same month, 98 EZslide snowboards were sold Martinez Corp.uses a periodic iventory system Conferences Date Explanation Units Unit Cost Total Cost Collaborations Sept. 1 Inventory 13 $101 $1313 WileyPLUS Support Sept. 12 Purchases 46 104 4784 Sept. 19 Purchases 51 105 5,355 Sept. 26 Purchases 21 106 2.226 Totals 131 $13678 (a)...
View Policies Current Attempt in Progress Concord Co. uses a periodic inventory system. Its records show the following for the month of May, in which 72 units were sold. Unit Cost Total Cost Units May 1 Inventory $407 15 Purchases - 350 24 Purchases 480 9 Totals 94 $1,237 Compute the ending Inventory at May 31 and cost of goods sold using the FIFO and LIFO methods FIFO Ending inventory at May 31 $ Cost of goods sold
Coronado Co. uses a periodic inventory system. Its records show
the following for the month of May, in which 74 units were
sold.
Units
Unit Cost
Total Cost
May 1
Inventory
34
$10
$340
15
Purchases
29
13
377
24
Purchases
33
14
462
Totals
96
$1,179
Compute the ending inventory at May 31 and cost of goods sold using
the FIFO and LIFO methods.
FIFO
LIFO
Ending inventory at May 31
$
$
Cost of goods sold
$
$
Ballas Co. uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold. Unit Cost Units Total Cost $240 A May 1 15 24 Inventory Purchases Purchases 30 25 35 $8 11 12 275 420 Totals 90 $935 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO * Ending inventory at May 31 **** ** Cost of goods sold
Windsor, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 88 units were sold. Unit Cost $14 May 1 Inventory 15 Purchases 24 Purchases Totals Units 41 34 47 Total Cost $574 578 846 $1,998 122 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Ending inventory at May 31 $ Cost of goods sold
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