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help with questions 8-9 September 1, the beginning inventory for Burkemper Company was 110 units at $100 each....
QUESTION 26 On September 1, the beginning inventory for Koppel Company was 110 units at $200...
QUESTION 26 On September 1, the beginning inventory for Koppel Company was 110 units at $200 eachi Purchases and sales during September were: Purchases During Sept 2016 Sales During Sept 2016 Sept 7 120 units @ $224 Sept 12 70 units Sept 17 70 units @ $176 Sept 22 110 units Sept 25 100 units @ $168 Sept 29 90 units What is the cost of ending inventory for September for koppel Company if the periodic weighted average costing method...
16. Oscar Industries has the following inventory information. July 1 Beginning Inventory 40 units at $110...
16. Oscar Industries has the following inventory information. July 1 Beginning Inventory 40 units at $110 5 Purchases 240 units at $112 14 Sale 160 units 21 Purchases 120 units at $115 30 Sale 150 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?
Global Ltd. had beginning inventory of 50 units that cost $100 each. During September, the company...
Global Ltd. had beginning inventory of 50 units that cost $100 each. During September, the company purchased 200 units on account at $100 each, returned 6 units for credit, and sold 150 units at $200 each (e) Your answer is correct. Journalize the September transactions, assuming that Global Ltd. uses a perpetual inventory system. (Credit acCount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account...
Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost...
Shellhammer Company's inventory records show the following data
for the month of September:
Units
Unit Cost
Inventory,
September 1
100
$3.34
Purchases:
September 8
450
3.50
September 18
350
3.70
A physical inventory on September 30 shows 200 units on hand.
Calculate the value of ending inventory and cost of goods sold if
the company uses LIFO inventory costing and a periodic inventory
system.
Ending inventory
$
Cost of goods sold
$
Hess Company's inventory records show the following data for the month of September:
UnitsUnit CostInventory,September 1100$3.00Purchases:September 84503.50September 183003.70A physical inventory on September 30 shows 150 units on hand.Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system.
1. Daniel Company uses a periodic inventory system. Data for the current year: beginning merchandise inventory...
1. Daniel Company uses a periodic inventory system. Data for the current year: beginning merchandise inventory (ending inventory December 31, prior year), 2,090 units at $36; purchases, 7,860 units at $38; expenses (excluding income taxes), $192,500; ending inventory per physical count at December 31, current year, 1,660 units; sales, 8,290 units; sales price per unit, $76; and average income tax rate, 32 percent. How do you find the Average cost (inventory costing method): Beginning Inventory Purchases Goods Available for sale...
P6.3A Vista Company Inc. had a beginning inventory of 100 units of Product RST at a...
P6.3A Vista Company Inc. had a beginning inventory of 100 units of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20 600 units at $ 9 Aug. 12 400 units at $11 May 5 500 units at $10 Dec. 8 100 units at $12 Vista Company uses a periodic inventory system. Sales totaled 1,500 units. Instructions a. Determine the cost of goods available for sale. b. Determine the ending inventory and the cost...
Company A uses the periodic inventory system. The beginning inventory consisted of 360 units that cost...
Company A uses the periodic inventory system. The beginning inventory consisted of 360 units that cost $65 each. During the month of febuary, the company made two purchases: on febuary 15, they bought 450 units at $68 each; on febuary 25, they bought 270 units at $70 each. Company A also sold 900 units during the month Using LIFO, what is the amount of ending inventory.
Bramble Company's inventory records show the following data for the month of September: Units Unit Cost...
Bramble Company's inventory records show the following data for
the month of September:
Units
Unit Cost
Inventory,
September 1
100
$2.85
Purchases:
September 8
440
3.50
September 18
300
4.00
A physical inventory on September 30 shows 160 units on hand.
Calculate the value of ending inventory and cost of goods sold if
the company uses LIFO inventory costing and a periodic inventory
system.
Ending inventory
$enter a value of ending inventory in dollars
Cost of goods sold
$enter a...
1. Botter Company had a beginning inventory of 200 units at a cost of $13 per...
1. Botter Company had a beginning inventory of 200 units at a cost of $13 per unit on August 1. During the month, the following purchases and sales were made. Purchases 250 units at S14 350 units at S15 200 units at S16 Sales August August August 4 15 28 August August August August 7 150 units 11 100 units 17 300 units 24 200 units Botter uses a periodic inventory system Instructions Determine ending inventory and cost of goods...
QUESTION 26 On September 1, the beginning inventory for Koppel Company was 110 units at $200 eachi Purchases and sales during September were: Purchases During Sept 2016 Sales During Sept 2016 Sept 7 120 units @ $224 Sept 12 70 units Sept 17 70 units @ $176 Sept 22 110 units Sept 25 100 units @ $168 Sept 29 90 units What is the cost of ending inventory for September for koppel Company if the periodic weighted average costing method...
16. Oscar Industries has the following inventory information. July 1 Beginning Inventory 40 units at $110 5 Purchases 240 units at $112 14 Sale 160 units 21 Purchases 120 units at $115 30 Sale 150 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?
Global Ltd. had beginning inventory of 50 units that cost $100 each. During September, the company purchased 200 units on account at $100 each, returned 6 units for credit, and sold 150 units at $200 each (e) Your answer is correct. Journalize the September transactions, assuming that Global Ltd. uses a perpetual inventory system. (Credit acCount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account...
Shellhammer Company's inventory records show the following data
for the month of September:
Units
Unit Cost
Inventory,
September 1
100
$3.34
Purchases:
September 8
450
3.50
September 18
350
3.70
A physical inventory on September 30 shows 200 units on hand.
Calculate the value of ending inventory and cost of goods sold if
the company uses LIFO inventory costing and a periodic inventory
system.
Ending inventory
$
Cost of goods sold
$
Bramble Company's inventory records show the following data for
the month of September:
Units
Unit Cost
Inventory,
September 1
100
$2.85
Purchases:
September 8
440
3.50
September 18
300
4.00
A physical inventory on September 30 shows 160 units on hand.
Calculate the value of ending inventory and cost of goods sold if
the company uses LIFO inventory costing and a periodic inventory
system.
Ending inventory
$enter a value of ending inventory in dollars
Cost of goods sold
$enter a...
1. Botter Company had a beginning inventory of 200 units at a cost of $13 per unit on August 1. During the month, the following purchases and sales were made. Purchases 250 units at S14 350 units at S15 200 units at S16 Sales August August August 4 15 28 August August August August 7 150 units 11 100 units 17 300 units 24 200 units Botter uses a periodic inventory system Instructions Determine ending inventory and cost of goods...
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