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Assume Fairprice.com began June with 12 units of inventory that cost a total of $180. During June, Fairprice.com purcha...
Assume ShoeFanatic.com began October with 14 units of inventory that cost a total of $210. During...
Assume ShoeFanatic.com began October with 14 units of inventory that cost a total of $210. During October, ShoeFanatic.com purchased and sold goods as follows: Oct. 8 Purchase 42 units @ $16 14 Sale 35 units @ $32 22 Purchase 28 units @ $18 27 Sale 42 units @ $32 Suppose ShoeFanatic.com used the weighted average inventory costing method and the perpetual inventory system. Compute the weighted average unit cost of the company's inventory on hand at October 8. Round weighted...
Assume Clickaway.com began June with 10 units of inventory that cost a total of $180. During...
Assume Clickaway.com began June with 10 units of inventory that cost a total of $180. During June, Clickaway.com purchased and sold goods as follows: (Click the icon to view the purchases and salos) Suppose Clickaway.com used the weighted average inventory costing method and the perpetual inventory system. Compute the weighted average unit cost of the company's inventory on hand at June 8. Round weighted average unit cost to the nearest cant. A. $18.75 OB. $20.00 OC. $18.50 OD. Cannot be...
Assume Clickaway.com began January with 12 units of inventory that cost a total of $240. During...
Assume Clickaway.com began January with 12 units of inventory that cost a total of $240. During January, Clickaway.com purchased and sold goods as follows: Jan. 8 Purchase 36 units @ $21 14 Sale 30 units @ $42 22 Purchase 24 units @ $23 27 Sale 36 units @ $42 Under the FIFO inventory costing method and the perpetual inventory system, how much is Clickaway.com's cost of goods sold for the sale on January 14? O A. $1,260 O B. $996...
Assume Nile.com began May with 16 units of inventory that cost a total of $272. During...
Assume Nile.com began May with 16 units of inventory that cost a total of $272. During May, Nile.com purchased and sold goods as follows: May 8 Purchase 48 units @ $18 14 Sale 40 units @ $36 22 Purchase 32 units @ $20 27 Sale 48 units @ $36 Under the FIFO inventory costing method and the perpetual inventory system, how much is Nile.com's cost of goods sold for the sale on May 14? O A. $720 O B. $704...
Assume Shopping.com began March with 16 units of inventory that cost a total of $288. During...
Assume Shopping.com began March with 16 units of inventory that cost a total of $288. During March, Shopping.com purchased and sold goods as follows: Mar. 8 14 22 27 Purchase 48 units @ $19 Sale 40 units @ $38 Purchase 32 units @ $21 Sale 48 units @ $38 Under the FIFO inventory costing method and the perpetual inventory system, how much is Shopping.com's cost of goods sold for the sale on March 14? O A. $760 OB. $744 O...
Assume Bargain.com began April with 10 units of inventory that cost a total of $150. During...
Assume Bargain.com began April with 10 units of inventory that cost a total of $150. During April, Bargain.com purchased and sold goods as follows: Apr. 8 Purchase 30 units @ $16 14 Sale 25 units @ $32 22 Purchase 20 units @ $18 27 Sale 30 units @ $32 Suppose Bargain.com used the LIFO inventory costing method and the periodic inventory system. Using the information above, determine Bargain.com's cost of goods sold at the end of the month. O A....
Assume Store.com began July with 14 units of inventory that cost a total of $210. During...
Assume Store.com began July with 14 units of inventory that cost a total of $210. During July, Store.com purchased and sold goods as follows: (Click the icon to view the purchases and sales.) Under the FIFO inventory costing method and the perpetual inventory system, how much is Store.com's cost of goods sold for the sale on July 147 A. $882 OB. $1,120 C. $560 OD. $546 Jul. 8 Purchase 42 units @ $16 35 units @ $32 Jul. 14 Sale...
A company began August with 75 units of inventory that cost $20 each. Assume a perpetual inventory system. During Augus...
A company began August with 75 units of inventory that cost $20 each. Assume a perpetual inventory system. During August, the company had the following transactions: E (Click the icon to view the transactions.) Determine the company's cost of goods sold for August using each of the inventory costing methods indicated. (For weighted-average calculations, round per unit costs to the nearest cent and all other amounts to the nearest dollar.) i Data Table The cost of goods sold amount for...
Assume DSL, Inc., began June with 55 units of inventory that cost a total of $660....
Assume DSL, Inc., began June with 55 units of inventory that cost a total of $660. During June, DSL, Inc., purchased and sold goods as follows: (Click the icon to view the transactions.) DSL, Inc., uses perpetual inventory. Under the FIFO inventory method, how much is DSL's cost of goods sold for the sale on June 15? OA $1,765 O B. $1,680 O C. $1,795 O D. $390 - X More Info 1 Purchased 115 units @ $13 each Jun...
Sports Inc. uses the FIFO cost formula in a perpetual inventory system. (Use unrounded numbers in...
Sports Inc. uses the FIFO cost formula in a perpetual inventory system. (Use unrounded numbers in your calculations but round your final answer to the nearest cent) Jun 1 Jun 5 Jun 8 Jun 9 Jun 10 Jun 22 Beginning inventory Purchase Sale Purchase Sale Sale 20 units @ $19.00 per unit 100 units @ $22.00 per unit 70 units 80 units @ 22.31 per unit 25 units 40 units If Sports Inc. was using the average cost formula instead...
Assume ShoeFanatic.com began October with 14 units of inventory that cost a total of $210. During October, ShoeFanatic.com purchased and sold goods as follows: Oct. 8 Purchase 42 units @ $16 14 Sale 35 units @ $32 22 Purchase 28 units @ $18 27 Sale 42 units @ $32 Suppose ShoeFanatic.com used the weighted average inventory costing method and the perpetual inventory system. Compute the weighted average unit cost of the company's inventory on hand at October 8. Round weighted...
Assume Clickaway.com began June with 10 units of inventory that cost a total of $180. During June, Clickaway.com purchased and sold goods as follows: (Click the icon to view the purchases and salos) Suppose Clickaway.com used the weighted average inventory costing method and the perpetual inventory system. Compute the weighted average unit cost of the company's inventory on hand at June 8. Round weighted average unit cost to the nearest cant. A. $18.75 OB. $20.00 OC. $18.50 OD. Cannot be...
Assume Clickaway.com began January with 12 units of inventory that cost a total of $240. During January, Clickaway.com purchased and sold goods as follows: Jan. 8 Purchase 36 units @ $21 14 Sale 30 units @ $42 22 Purchase 24 units @ $23 27 Sale 36 units @ $42 Under the FIFO inventory costing method and the perpetual inventory system, how much is Clickaway.com's cost of goods sold for the sale on January 14? O A. $1,260 O B. $996...
Assume Nile.com began May with 16 units of inventory that cost a total of $272. During May, Nile.com purchased and sold goods as follows: May 8 Purchase 48 units @ $18 14 Sale 40 units @ $36 22 Purchase 32 units @ $20 27 Sale 48 units @ $36 Under the FIFO inventory costing method and the perpetual inventory system, how much is Nile.com's cost of goods sold for the sale on May 14? O A. $720 O B. $704...
Assume Shopping.com began March with 16 units of inventory that cost a total of $288. During March, Shopping.com purchased and sold goods as follows: Mar. 8 14 22 27 Purchase 48 units @ $19 Sale 40 units @ $38 Purchase 32 units @ $21 Sale 48 units @ $38 Under the FIFO inventory costing method and the perpetual inventory system, how much is Shopping.com's cost of goods sold for the sale on March 14? O A. $760 OB. $744 O...
Assume Bargain.com began April with 10 units of inventory that cost a total of $150. During April, Bargain.com purchased and sold goods as follows: Apr. 8 Purchase 30 units @ $16 14 Sale 25 units @ $32 22 Purchase 20 units @ $18 27 Sale 30 units @ $32 Suppose Bargain.com used the LIFO inventory costing method and the periodic inventory system. Using the information above, determine Bargain.com's cost of goods sold at the end of the month. O A....
Assume Store.com began July with 14 units of inventory that cost a total of $210. During July, Store.com purchased and sold goods as follows: (Click the icon to view the purchases and sales.) Under the FIFO inventory costing method and the perpetual inventory system, how much is Store.com's cost of goods sold for the sale on July 147 A. $882 OB. $1,120 C. $560 OD. $546 Jul. 8 Purchase 42 units @ $16 35 units @ $32 Jul. 14 Sale...
A company began August with 75 units of inventory that cost $20 each. Assume a perpetual inventory system. During August, the company had the following transactions: E (Click the icon to view the transactions.) Determine the company's cost of goods sold for August using each of the inventory costing methods indicated. (For weighted-average calculations, round per unit costs to the nearest cent and all other amounts to the nearest dollar.) i Data Table The cost of goods sold amount for...
Assume DSL, Inc., began June with 55 units of inventory that cost a total of $660. During June, DSL, Inc., purchased and sold goods as follows: (Click the icon to view the transactions.) DSL, Inc., uses perpetual inventory. Under the FIFO inventory method, how much is DSL's cost of goods sold for the sale on June 15? OA $1,765 O B. $1,680 O C. $1,795 O D. $390 - X More Info 1 Purchased 115 units @ $13 each Jun...
Sports Inc. uses the FIFO cost formula in a perpetual inventory system. (Use unrounded numbers in your calculations but round your final answer to the nearest cent) Jun 1 Jun 5 Jun 8 Jun 9 Jun 10 Jun 22 Beginning inventory Purchase Sale Purchase Sale Sale 20 units @ $19.00 per unit 100 units @ $22.00 per unit 70 units 80 units @ 22.31 per unit 25 units 40 units If Sports Inc. was using the average cost formula instead...
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