(c) Total Sale = 197*27+503*29+305*31 = $29,361
Gross profit = sale - cost of goods sold
= $29,361 - 13173
= $16,188
need help findinf gross profif (FIFO) Etice Assignment Gradebook ORION Downloadable eTextbook mment Exercise 8-1...
need help with findinf perpetural
method for both LIFO and FIFO
CALCULATOR Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Flounder Corp. discloses the following information for the month of June. June 1 Balance 299 units @ $11 June 10 Sold 197 units@ $27 Purchased 798 units $14 11 15 Sold 503 units $29 20 Purchased 502 units@$15 27 Sold 305 units@ $31 (a) Your answer is correct. Assuming that the periodic inventory method is used, compute...
Exercise 8-12 Barbara Jones Company was formed on December 1, 2019. The following information is available from Jones's inventory records for Product BAP Units Unit Cost January 1, 2020 (beginning inventory) 480 $ 6 Purchases: January 5, 2020 960 7 January 25, 2020 February 16, 2020 1,040 8 640 9 March 26, 2020 480 10 A physical inventory on March 31, 2020, shows 1,280 units on hand. Prepare schedule to compute the ending inventory at March 31, 2020, under FIFO...
Inventory information for Part 311 of Flint Corp. discloses the
following information for the month of June.
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Inventory information for Part 311 of Waterway Corp. disclosses the following information for the month of June. 197 units $37 Balance 301 units $16 Sold June 1 June 10 Purchased 797 units @ $19 Sold 498 units @ $39 11 15 297 units @ $42 503 units @$20 27 Sold 20 Purchased Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under (1) LIFO and (2) FIFO. (1) (2) LIFO FIFO 19,351...
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