A company had beginning inventory of 11 units at a cost of $17 each on March...
A company had beginning inventory of 11 units at a cost of $17 each on March 1. On March 2, it purchased 11 units at $28 each. On March 6 it purchased 5 units at $22 each. On March 8, it sold 26 units for $65 each. Using the FIFO perpetual inventory method, what was the cost of the 26 units sold?
Homework Answers
Computation of cost of goods sold of 26 units on March 08:
Cost of goods sold =
11 units @ $17 + 11 units @ $28 + 4 units @ $22
= $187 + $308 + $88= $583
Add Answer to:
A company had beginning inventory of 11 units at a cost of $17
each on March...
A company had beginning inventory of 12 units at a cost of $24 each on March...
A company had beginning inventory of 12 units at a cost of $24 each on March 1. On March 2, it purchased 12 units at $42 each. On March 6 it purchased 7 units at $29 each. On March 8, it sold 28 units for $72 each. Using the FIFO perpetual inventory method, what was the cost of the 28 units sold? $995 $744 $908 $792 $812
Help Save & Exit Submit A company had beginning inventory of 12 units at a cost...
Help Save & Exit Submit A company had beginning inventory of 12 units at a cost of $18 each on March 1. On March 2. it purchased 12 units at $30 each. On March 6 lt purchased 7 units at $23 each. On March 8, it sold 28 units for $66 each. Using the perpetual FIFO inventory method, what was the cost of the 28 units sold? Multiple Choice O $558 O $668 o $576 o $644 O $737 <...
A company had inventory on November 1 of 5 units at a cost of $17 each....
A company had inventory on November 1 of 5 units at a cost of $17 each. On November 2, they purchased 12 units at $19 each. On November 6 they purchased 8 units at $22 each. On November 8, 12 units were sold for $52 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice Ο $237 Ο $309 Ο $230 Ο $254 Ο $242
A company had inventory on November 1 of 5 units at a cost of $21 each....
A company had inventory on November 1 of 5 units at a cost of $21 each. On November 2, they purchased 11 units at $23 each. On November 6 they purchased 7 units at $26 each. On November 8, 10 units were sold for $56 each. Using the perpetual LIFO inventory method, what was the value of the inventory on November 8 after the sale? Ο Ο Ο Ο Ο < Prev 12 of 47 !!! Next >
A company had inventory on November 1 of 5 units at a cost of $30 each....
A company had inventory on November 1 of 5 units at a cost of $30 each. On November 2, they purchased 20 units at $32 each. On November 6 they purchased 16 units at $35 each. On November 8, 18 units were sold for $65 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?
17. A company has beginning inventory of 15 units at a cost of $25 each on...
17. A company has beginning inventory of 15 units at a cost of $25 each on February 1 On February 3, it purchases 35 units at $27 each. 17 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 17 units that are sold?
21 A company had inventory on November 1 of 5 units at a cost of $20...
21 A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method, what was the value of the Inventory on November 8 after the sale?
A company had 22 units of invertory at a cost of $26 each on March 1....
A company had 22 units of invertory at a cost of $26 each on March 1. on March 2, the company purchased 27 units at 527 each On Monch the company purchased 23 unitat 820 noch an March B, the company sold 52 units for $71 arch. Given this information determine the cost of the 52 units sold using the LIFO porodie inventory method 50385 $1997 OSA2 OS
1. The Boxwood Company sells blankets for $34 each. The following was taken from the inventory...
1. The Boxwood Company sells blankets for $34 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 9 $16 10 Sale 3 17 Purchase 16 $17 20 Sale 5 23 Sale 2 30 Purchase 12 $22 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May...
McCarthy Company has inventory of 8 units at a cost of $200 each on October 1....
McCarthy Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the FIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 11 units that were sold?
A company had beginning inventory of 12 units at a cost of $24 each on March 1. On March 2, it purchased 12 units at $42 each. On March 6 it purchased 7 units at $29 each. On March 8, it sold 28 units for $72 each. Using the FIFO perpetual inventory method, what was the cost of the 28 units sold? $995 $744 $908 $792 $812
Help Save & Exit Submit A company had beginning inventory of 12 units at a cost of $18 each on March 1. On March 2. it purchased 12 units at $30 each. On March 6 lt purchased 7 units at $23 each. On March 8, it sold 28 units for $66 each. Using the perpetual FIFO inventory method, what was the cost of the 28 units sold? Multiple Choice O $558 O $668 o $576 o $644 O $737 <...
A company had inventory on November 1 of 5 units at a cost of $17 each. On November 2, they purchased 12 units at $19 each. On November 6 they purchased 8 units at $22 each. On November 8, 12 units were sold for $52 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice Ο $237 Ο $309 Ο $230 Ο $254 Ο $242
A company had inventory on November 1 of 5 units at a cost of $21 each. On November 2, they purchased 11 units at $23 each. On November 6 they purchased 7 units at $26 each. On November 8, 10 units were sold for $56 each. Using the perpetual LIFO inventory method, what was the value of the inventory on November 8 after the sale? Ο Ο Ο Ο Ο < Prev 12 of 47 !!! Next >
17. A company has beginning inventory of 15 units at a cost of $25 each on February 1 On February 3, it purchases 35 units at $27 each. 17 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 17 units that are sold?
21 A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method, what was the value of the Inventory on November 8 after the sale?
A company had 22 units of invertory at a cost of $26 each on March 1. on March 2, the company purchased 27 units at 527 each On Monch the company purchased 23 unitat 820 noch an March B, the company sold 52 units for $71 arch. Given this information determine the cost of the 52 units sold using the LIFO porodie inventory method 50385 $1997 OSA2 OS
Most questions answered within 3 hours.
-
Your task is to design the page table for the 32bit Pentium
microprocessor. Answer the following...
asked 4 minutes ago -
The Paradise Shoes Company has estimated its weekly TVC function
from data collected over the past...
asked 2 minutes ago -
A researcher wishes to study the cumulative effects of several
combinations of HIV drugs. There are...
asked 2 minutes ago -
Although Epicurus advocates pursuing pleasure for the
good life, discuss a few reasons why he does...
asked 20 minutes ago -
Problem 1: Present entries to record the selected transactions
described below:
(a)
Issued $2,790,000 of 5-year,...
asked 26 minutes ago -
Using technology to support HR activities increases:
a.
the efficiency of the administrative HR functions.
b....
asked 27 minutes ago -
1. List the features used to classify leaf
types.
2. List some characteristics that are shared...
asked 32 minutes ago -
The three elements of Value Proposition, Key Customers, and
Capabilities operate within an environment. Which of...
asked 34 minutes ago -
Katelynn, a physician, earns $200,000 from her medical practice
in the current year. She receives $45,000...
asked 42 minutes ago -
Each row of the table below describes an aqueous solution at
25°C
.
The second column...
asked 46 minutes ago -
A horizontal wire is at y = 0. Current travels in the +x
direction. The magnetic...
asked 47 minutes ago -
Let X be a continuous random variable whose PDF is Let X be a
continuous random...
asked 1 hour ago