point, and the tos of $300. Prior chase were FOB shipping was $2,400. Walberg Ass sale,...
Walberg Associates, antique dealers, purchased goods for $75,000. Terms of the purchase were FOB shipping point, and the cost of transporting goods to Walberg Associate's warehouse was $2,400. Walberg Associates insured the shipment at a cost of $300. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $980. Determine the cost of inventory.
Walberg Associates, antique dealers, purchased goods for $38,900. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates's warehouse was $1,900. Walberg Associates insured the shipment at a cost of $290. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $630. Determine the cost of inventory.
Walberg Associates, antique dealers, purchased goods for $39,500. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates's warehouse was $2,200. Walberg Associates insured the shipment at a cost of $350. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $690. Determine the cost of inventory. Book Hint Cost of inventory Print I. eferences Total cost of inventory
Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Exercise 6-3 Perpetual: Inventory costing methods P1 Units Sold at Retail 140 units @ $6.00 = $ 840 100 units @ $15 Jan. 1 Jan. 10 Jan. 20 Jan. 25 Jan. 30 Beginning inventory ... Sales... Purchase .. Sales..... Purchase .. Totals 60 units @ $5.00 = 300 80 units @ $15 180 units @ $4.50 = 810 380 units...
Required information The following information applies to the questions displayed below) of 2 Laker Company reported the following January purchases and sales data for its only product. Units sold at Date Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 140 units @ $6.00 - $ 840 Jan. 10 Sales 100 units @ $15 Jan. 20 Purchase 6 units @ $5.00 300 Jan. 25 Sales 80 units @ $15 Jan. 30 Purchase 180 units @ $4.58 = 810 Totals...
o bous up or sale, they cleaned and WOULUI 3980. Determine the cost of inventory. C2 Company reported the following January purchases and sales data for its only product Date Exercise 6-3 Perpetual: Inventory costing methods Units Acquired at Cost Units Sold at Retail 140 units @ $6.00 = $ 840 100 units @ $15 Jan. 1 Jan. 10 Jan. 20 Jan. 25 Jan. 30 Activities Beginning inventory ............ Sales. Purchase Sales..... Purchase Totals.. 60 units @ $5.00 = 300...
I only need help with 6-4. The income statements and questions 1, 2, and 3. I included the picture of 6-3 because that info is needed to do 6-4. Thanks! w them at a cost of $980. Determine the cost of inventory. refurbished them at a Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units Sold at Retail 140 units @ $6.00 = $ 840 100 units @...
Required information [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Units Acquired at Cost 140 units @ $6.00 = $ 840 Units sold at Retail 100 units @ $ 15 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 60 units @ $5.00 = 300 80 units @ $ 15 180 units @ $4.50 =...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Units sold at Activities Units Acquired at Cost Retail Jan. 1 Beginning inventory 140 units @ $6.00 = $ 840 Jan. 10 Sales 100 units @ $15 Jan. 20 Purchase 60 units @ $5.00 = 300 Jan. 25 Sales se units @ $15 Jan. 30 Purchase 180...
Required Information The following information applies to the questions displayed below Laker Company reported the following January purchases and sales data for its only product Date Ativities 3 .1 Beginning inventory Ja, s es Jan Pierce Jan. 25 Salat Purchase The Company uses a perpetual inventory system for specific identification ending inventory consists of 200 units where 180 are from the January 30 purchases are from the 20 purchase and 15 are from beginning inventory Required: 1. Complete the table...