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![FIFO melhod : Cost of goods sold = (3270x +6) + (a1236 – 33.73) * +B] = $19620 + $47640 $67260 Lito metlod: cost of goods sol](http://img.homeworklib.com/questions/d4674420-ffcc-11e9-a9fa-7795e8053fae.png?x-oss-process=image/resize,w_560)
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Current Attempt In Progress The accounting records of Marigold Corp. show the following data. Beginning inventory Purch...
Current Attempt In Progress The accounting records of Marigold Corp. show the following data. Beginning inventory...
Current Attempt In Progress The accounting records of Marigold Corp. show the following data. Beginning inventory Purchases Sales 3,270 units at $6 8,550 units at $8 9,225 units at $11 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost Cost of goods...
Question 4 --/1.5 View Policies Current Attempt in Progress The accounting records of Windsor, Inc. show the following...
Question 4 --/1.5 View Policies Current Attempt in Progress The accounting records of Windsor, Inc. show the following data. Beginning inventory Purchases Sales 2,890 units at $6 7,390 units at $8 9,400 units at $11 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) FIFO...
The accounting records of Coronado Industries show the following data. Beginning inventory 2,840 units at $6...
The accounting records of Coronado Industries show the following data. Beginning inventory 2,840 units at $6 Purchases 7,980 units at $8 Sales 8,511 units at $11 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Average-cost Cost of goods sold $
The accounting records of Crane Company show the following data. Beginning inventory Purchases Sales 3,160 units...
The accounting records of Crane Company show the following data. Beginning inventory Purchases Sales 3,160 units at $7 8,240 units at $9 8,460 units at $12 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost Cost of goods sold $ ta
Current Attempt in Progress Grouper Corp. reports the following for the month of June. Date Explanation Units Unit Cost...
Current Attempt in Progress Grouper Corp. reports the following for the month of June. Date Explanation Units Unit Cost Total Cost $5 $600 June 1 Inventory 120 12 Purchases 361 6 2,166 Purchases 23 214 7 1,498 30 Inventory 225 (a) Compute the cost of the ending inventory and the cost of goods sold under FI FO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.)...
Question 3 --/1 View Policies Current Attempt in Progress Flounder Corp.reports the following for the month...
Question 3 --/1 View Policies Current Attempt in Progress Flounder Corp.reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 113 $5 $ 565 12 Purchases 343 2,058 23 Purchases 217 1,519 30 Inventory 221 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places,...
Question 2 View Policies Current Attempt in Progress You have the following information for Marigold Corp....
Question 2 View Policies Current Attempt in Progress You have the following information for Marigold Corp. for the month ended October 31, 2022. Marigold uses a periodic method for inventory Unit Cost or Selling Price Units 55 Date Description Oct 1 Beginning inventory Oct 9 Purchase Oct. 11 Sale Oct 17 Purchase Oct 22 Sale Oct. 25 Purchase Oct. 29 Sale Calculate the weighted average cost. (Round answer to 3 decimal places, e... 5.125.) Weighted average cost per units e...
The accounting records of Sheridan Company show the following data. Beginning inventory Purchases Sales 3,000 units...
The accounting records of Sheridan Company show the following data. Beginning inventory Purchases Sales 3,000 units at $6 9,000 units at $8 10,400 units at $11 Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ per unit e Textbook and Media List of Accounts Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (Round answers to 0 decimal...
The accounting records of Old Towne Electronics show the following data. Beginning inventory 3,110 units...
The accounting records of Old Towne Electronics show the
following data.
Beginning inventory
3,110
units at
$5
Purchases
7,800
units at
$8
Sales
9,060
units at
$10
Determine cost of goods sold during the period under a periodic
inventory system using the FIFO method. (Round answer
to 0 decimal places, e.g. 1,250.)
FIFO
Cost of goods sold during the period
$
Determine cost of goods sold during the period under a periodic
inventory system using the LIFO method. (Round answer...
The accounting records of Teal Mountain Electronics show the following data. Beginning inventory 2,000 units at...
The accounting records of Teal Mountain Electronics show the following data. Beginning inventory 2,000 units at $6 Purchases 8,000 units at $7 Sales 9,000 units at $10 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. (Round answer to 0 decimal places, e.g. 1,250.) FIFO Cost of goods sold during the period Question Part Score Determine cost of goods sold during the period under a periodic inventory system using the LIFO method....
Current Attempt In Progress The accounting records of Marigold Corp. show the following data. Beginning inventory Purchases Sales 3,270 units at $6 8,550 units at $8 9,225 units at $11 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost Cost of goods...
Question 4 --/1.5 View Policies Current Attempt in Progress The accounting records of Windsor, Inc. show the following data. Beginning inventory Purchases Sales 2,890 units at $6 7,390 units at $8 9,400 units at $11 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) FIFO...
The accounting records of Coronado Industries show the following data. Beginning inventory 2,840 units at $6 Purchases 7,980 units at $8 Sales 8,511 units at $11 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Average-cost Cost of goods sold $
The accounting records of Crane Company show the following data. Beginning inventory Purchases Sales 3,160 units at $7 8,240 units at $9 8,460 units at $12 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost Cost of goods sold $ ta
Current Attempt in Progress Grouper Corp. reports the following for the month of June. Date Explanation Units Unit Cost Total Cost $5 $600 June 1 Inventory 120 12 Purchases 361 6 2,166 Purchases 23 214 7 1,498 30 Inventory 225 (a) Compute the cost of the ending inventory and the cost of goods sold under FI FO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.)...
Question 3 --/1 View Policies Current Attempt in Progress Flounder Corp.reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 113 $5 $ 565 12 Purchases 343 2,058 23 Purchases 217 1,519 30 Inventory 221 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places,...
Question 2 View Policies Current Attempt in Progress You have the following information for Marigold Corp. for the month ended October 31, 2022. Marigold uses a periodic method for inventory Unit Cost or Selling Price Units 55 Date Description Oct 1 Beginning inventory Oct 9 Purchase Oct. 11 Sale Oct 17 Purchase Oct 22 Sale Oct. 25 Purchase Oct. 29 Sale Calculate the weighted average cost. (Round answer to 3 decimal places, e... 5.125.) Weighted average cost per units e...
The accounting records of Sheridan Company show the following data. Beginning inventory Purchases Sales 3,000 units at $6 9,000 units at $8 10,400 units at $11 Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ per unit e Textbook and Media List of Accounts Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (Round answers to 0 decimal...
The accounting records of Old Towne Electronics show the
following data.
Beginning inventory
3,110
units at
$5
Purchases
7,800
units at
$8
Sales
9,060
units at
$10
Determine cost of goods sold during the period under a periodic
inventory system using the FIFO method. (Round answer
to 0 decimal places, e.g. 1,250.)
FIFO
Cost of goods sold during the period
$
Determine cost of goods sold during the period under a periodic
inventory system using the LIFO method. (Round answer...
The accounting records of Teal Mountain Electronics show the following data. Beginning inventory 2,000 units at $6 Purchases 8,000 units at $7 Sales 9,000 units at $10 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. (Round answer to 0 decimal places, e.g. 1,250.) FIFO Cost of goods sold during the period Question Part Score Determine cost of goods sold during the period under a periodic inventory system using the LIFO method....
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