Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the...
Sheridan Company uses a periodic inventory system. For April,
when the company sold 450 units, the following information is
available.
|
Units |
Unit Cost |
Total Cost |
||||||
|---|---|---|---|---|---|---|---|---|
|
April 1 inventory |
280 | $17 | $ 4,760 | |||||
|
April 15 purchase |
420 | 20 | 8,400 | |||||
|
April 23 purchase |
300 |
22 |
6,600 |
|||||
|
1,000 |
$19,760 |
|||||||
Compute the April 30 inventory and the April cost of goods sold
using the FIFO method.
|
Ending inventory |
$enter a dollar amount |
|
|---|---|---|
|
Cost of goods sold |
$enter a dollar amount |
Homework Answers
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Sheridan Company uses a periodic inventory system. For April,
when the company sold 450 units, the...
Blue Company uses a periodic inventory system. For April, when the company sold 500 units, the...
Blue Company uses a periodic inventory system. For April, when the company sold 500 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 290 $32 $9,280 April 15 purchase 430 38 16,340 April 23 purchase 280 11,760 1,000 $37,380 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Wildhorse Company uses a periodic inventory system. For April, when the company sold 400 units, the...
Wildhorse Company uses a periodic inventory system. For April,
when the company sold 400 units, the following information is
available.
Units
Unit Cost
Total Cost
April 1 inventory
220
$11
$ 2,420
April 15 purchase
450
13
5,850
April 23 purchase
330
14
4,620
1,000
$12,890
Compute the April 30 inventory and the April cost of goods sold
using the FIFO method.
Ending inventory
$
Cost of goods sold
$
Buffalo Company uses a periodic inventory system. For April, when the company sold 500 units, the following informa...
Buffalo Company uses a periodic inventory system. For April, when the company sold 500 units, the following information is available. Unit Cost $32 April 1 inventory April 15 purchase April 23 purchase Units 290 430 280 1,000 Total Cost $ 9,280 16,340 11,760 42 $37,380 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory Cost of goods sold
Metlock Company uses a periodic inventory system. For April, when the company sold 650 units, the...
Metlock Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Total Cost April 1 inventory April 15 purchase April 23 purchase Units 310 390 300 1,000 Unit Cost $20 24 26 $ 6,200 9,360 7,800 $23,360 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the...
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units 300 April 1 inventory April 15 purchase April 23 purchase Unit Cost $33 40 440 260 Total Cost $ 9,900 17,600 11,180 $38,680 43 1,000 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Bramble Company uses a periodic inventory system. For April, when the company sold 650 units, the...
Bramble Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 350 $24 $ 8,400 April 15 purchase 370 29 10,730 April 23 purchase 280 31 8,680 1,000 $27,810 Compute the April 30 inventory and the April cost of goods sold using the LIFO method.
Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the...
Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost $16 270 April 1 inventory April 15 purchase April 23 purchase 410 19 21 Total Cost $ 4,320 7,790 6,720 $18,830 320 1,000 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the...
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the...
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
*Brief Exercise 8-6 Nash Company uses a periodic inventory system. For April, when the company sold 600 units, the f...
*Brief Exercise 8-6 Nash Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory $ 8,680 280 $31 April 15 purchase 450 37 16,650 270 April 23 purchase 10,800 40 1,000 $36,130 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
Blue Company uses a periodic inventory system. For April, when the company sold 500 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 290 $32 $9,280 April 15 purchase 430 38 16,340 April 23 purchase 280 11,760 1,000 $37,380 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Wildhorse Company uses a periodic inventory system. For April,
when the company sold 400 units, the following information is
available.
Units
Unit Cost
Total Cost
April 1 inventory
220
$11
$ 2,420
April 15 purchase
450
13
5,850
April 23 purchase
330
14
4,620
1,000
$12,890
Compute the April 30 inventory and the April cost of goods sold
using the FIFO method.
Ending inventory
$
Cost of goods sold
$
Buffalo Company uses a periodic inventory system. For April, when the company sold 500 units, the following information is available. Unit Cost $32 April 1 inventory April 15 purchase April 23 purchase Units 290 430 280 1,000 Total Cost $ 9,280 16,340 11,760 42 $37,380 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory Cost of goods sold
Metlock Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Total Cost April 1 inventory April 15 purchase April 23 purchase Units 310 390 300 1,000 Unit Cost $20 24 26 $ 6,200 9,360 7,800 $23,360 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units 300 April 1 inventory April 15 purchase April 23 purchase Unit Cost $33 40 440 260 Total Cost $ 9,900 17,600 11,180 $38,680 43 1,000 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost $16 270 April 1 inventory April 15 purchase April 23 purchase 410 19 21 Total Cost $ 4,320 7,790 6,720 $18,830 320 1,000 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
*Brief Exercise 8-6 Nash Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory $ 8,680 280 $31 April 15 purchase 450 37 16,650 270 April 23 purchase 10,800 40 1,000 $36,130 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
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