Homework Answers
Calculate average cost per unit
| Average cost per unit | |
| June 1 | 5 |
| June 12 | 2554/444 = 5.752 |
| June 15 | 5.752 |
| June 23 | (62*5.752+1421)/265 = 6.708 |
| June 27 | 6.708 |
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Show your calculations.
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Bonita Company reports the following for the month of June. Date Explanation Units Unit Cost Total...
Bonita Company reports the following for the month of
June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
200
$3
$600
12
Purchase
400
6
2,400
23
Purchase
400
7
2,800
30
Inventory
50
Assume a sale of 500 units occurred on June 15 for a selling price
of $8 and a sale of 450 units on June 27 for $9.
Your answer is correct.
Calculate cost of goods available for sale.
The cost of goods available for...
Can someone help me? 1) Grouper Corp.reports the following for the month of June. Date Explanation...
Can someone help me?
1)
Grouper Corp.reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $600 12 Purchases 391 6 2,346 23 Purchases 210 1.470 30 Inventory 233 A sale of 441 units occurred on June 15 for a selling price of $7 and a sale of 47 units on June 27 for $8. Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal...
Sandhill Co. uses a perpetual inventory system reports the following for the month of June. Unit...
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headlands industries uses a periodic inventory system reports the following for the month of June. calculate...
headlands industries uses a periodic inventory system reports
the following for the month of June.
calculate the average cost per unit, using a perpetual
inventory system.
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Farley Bains, an auditor with Nolls CPAs, is performing a review of Sage Hill inc's Inventory account. Sage Hill inc did not have a good year, and top manager under pressure to boost reported income. According to its records, the inventory balance at year-end was $800,470. However, the following information was considered when determining that amount. Prepare a schedule to determine the correct inventory amount. (Show amounts that reduce inventory with a negative sign or parenthesise-45 or parentheses e 145...
Show your calculations.
Riverbed Corp uses a perpetual inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $750 12 Purchases 2,100 350 240 Purchases 1,680 Inventory 260 - Your answer is partially correct. Calculate the average cost per unit, using a perpetual inventory system. Assume a sale of 420 units occurred on June 15 for a selling price of $8 and a sale of 60 units on June...
Bonita Company reports the following for the month of
June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
200
$3
$600
12
Purchase
400
6
2,400
23
Purchase
400
7
2,800
30
Inventory
50
Assume a sale of 500 units occurred on June 15 for a selling price
of $8 and a sale of 450 units on June 27 for $9.
Your answer is correct.
Calculate cost of goods available for sale.
The cost of goods available for...
Can someone help me?
1)
Grouper Corp.reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $600 12 Purchases 391 6 2,346 23 Purchases 210 1.470 30 Inventory 233 A sale of 441 units occurred on June 15 for a selling price of $7 and a sale of 47 units on June 27 for $8. Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal...
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headlands industries uses a periodic inventory system reports
the following for the month of June.
calculate the average cost per unit, using a perpetual
inventory system.
Units Unit Cost Date June 1 12 23 Explanation Inventory Purchases Purchases Inventory 370 200 Total Cost $650 2,220 1,400 30 300 A sale of 350 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (a) your answer is partially correct....
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