Homework Answers
calculate ending inventory
| FIFO | LIFO | |
| Ending inventory | (178*26+444*32) = 18836 | (444*18+178*26) = 12620 |
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The following is a record of Bridgeport Company's transactions for Boston Teapots for the month of May 2017. May 1 Bala...
The following is a record of Bridgeport Company's transactions for Boston Teapots for the month of...
The following is a record of Bridgeport Company's transactions for Boston Teapots for the month of May 2017. May 1 Balance 444 units @ $18 May 10 Sale 333 units @ $35 12 Purchase 666 units @ $26 20 Sale 599 units @ $35 28 Purchase 444 units @ $32 (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Assuming that perpetual inventories are not maintained and that a physical count at the end...
The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month...
The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2020. May 1 Balance 400 units @ $20 May 10 Sale 300 units @ $38 12 Purchase 600 units @ $25 20 Sale 540 units @ $38 28 Purchase 400 units @ $30 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 560 units on hand, what is the cost of...
The following is a record of Solish Company's transactions for Boston Teapots for the month of...
The following is a record of Solish Company's transactions for Boston Teapots for the month of May 2020 May 1 Balance 496 units 12 Purchase 744 units 28 Purchase 496 units @ $21.00 May 10 Sale 372 units $27.00 20 Sale 670 units $30.00 $37.00 $37.00 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 694 units on hand, what is the cost of the ending inventory using (1) FIFO...
The following is a record of Tamarisk Company’s transactions for Boston Teapots for the month of...
The following is a record of Tamarisk Company’s transactions for Boston Teapots for the month of May 2020. May 1 Balance 464 units @ $20.00 May 10 Sale 348 units @ $34.00 12 Purchase 696 units @ $25.00 20 Sale 626 units @ $34.00 28 Purchase 464 units @ $30.00 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 650 units on hand, what is the cost of the ending...
Exercise 8-14 The following is a record of Pervis Ellison Company's transactions for Boston Teapots for...
Exercise 8-14 The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 400 units @ $20 May 10 Sale 300 units $38 12 Purchase 600 units $25 28 Purchase 400 units $30 20 Sale 540 units$38 Your answer is incorrect. Try again. Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 560 units on hand, what is the...
My Procte Ag ent GradeDOOR URIUN Downloadable eTextbook en Assignment CALCULATOR F LOREEN PR OURCES The...
My Procte Ag ent GradeDOOR URIUN Downloadable eTextbook en Assignment CALCULATOR F LOREEN PR OURCES The following is a record of wompany's transactions for for the month of May 2017 May 1 Balance 444 units 12 Purchase 666 units 28 Purchase 444 units $18 May 10 Sale 333 units @ $35 $26 20 Sale 599 units @ $35 $32 (a) (b) Assuming that perpetual records are maintained and they tle into the general edger, calculate the ending inventory using (1)...
The following is Boston Teapots for the month of May 207 a record of Sky sog...
The following is Boston Teapots for the month of May 207 a record of Sky sog Company's tronsactions for May Raance 12 Purchase 28 Purchase 339 units 41 May 10 452 units 17 units @ta 45 units @ t lo10 units 341 20 Pssumira that perpetual inentoris ae rot maintained & that a pysikal cout at the end of the month Shous 633 units an hand what IS the cest of tha ending invertory using ()LIFO & FIFD
PRINTER VRSION ACK NXT RESOURCES xam 4 CH 7-8 Question 8 The following is a record...
PRINTER VRSION ACK NXT RESOURCES xam 4 CH 7-8 Question 8 The following is a record of Skysong Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 452 units $19 May 10 Sale 339 units 12 Purchase 678 units S$26 28 Purchase 452 units $28 $41 20 Sale 610 units $41 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 633 units on hand,...
CALCULATOR PRINTER VERSİON -BACK ROD NEXT MENT RESOURCES r 8 Homework Exercise 8-14 The following is...
CALCULATOR PRINTER VERSİON -BACK ROD NEXT MENT RESOURCES r 8 Homework Exercise 8-14 The following is a record of Tamarisk Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 404 units $21 May 10 Sale 303 units $39 cise 8-9 12 Purchase 606 units $2520 Sale 545 units $39 28 Purchase 404 units $32 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 566 units...
The net income per books of Debra King Company was determined without knowledge of the errors indicated below. Yea...
The net income per books of Debra King Company was determined without knowledge of the errors indicated below. Year 2015 2016 2017 2018 2019 2020 Net Income per Books $48,900 50,950 52,950 55,100 52,170 59,160 Error in Ending Inventory Overstated $ 2,770 Overstated Understated 12.030 No error Understated 1,970 Overstated 8.740 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Net Income Per Books Corrected Net...
The following is a record of Bridgeport Company's transactions for Boston Teapots for the month of May 2017. May 1 Balance 444 units @ $18 May 10 Sale 333 units @ $35 12 Purchase 666 units @ $26 20 Sale 599 units @ $35 28 Purchase 444 units @ $32 (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Assuming that perpetual inventories are not maintained and that a physical count at the end...
The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2020. May 1 Balance 400 units @ $20 May 10 Sale 300 units @ $38 12 Purchase 600 units @ $25 20 Sale 540 units @ $38 28 Purchase 400 units @ $30 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 560 units on hand, what is the cost of...
The following is a record of Solish Company's transactions for Boston Teapots for the month of May 2020 May 1 Balance 496 units 12 Purchase 744 units 28 Purchase 496 units @ $21.00 May 10 Sale 372 units $27.00 20 Sale 670 units $30.00 $37.00 $37.00 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 694 units on hand, what is the cost of the ending inventory using (1) FIFO...
Exercise 8-14 The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 400 units @ $20 May 10 Sale 300 units $38 12 Purchase 600 units $25 28 Purchase 400 units $30 20 Sale 540 units$38 Your answer is incorrect. Try again. Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 560 units on hand, what is the...
My Procte Ag ent GradeDOOR URIUN Downloadable eTextbook en Assignment CALCULATOR F LOREEN PR OURCES The following is a record of wompany's transactions for for the month of May 2017 May 1 Balance 444 units 12 Purchase 666 units 28 Purchase 444 units $18 May 10 Sale 333 units @ $35 $26 20 Sale 599 units @ $35 $32 (a) (b) Assuming that perpetual records are maintained and they tle into the general edger, calculate the ending inventory using (1)...
The following is Boston Teapots for the month of May 207 a record of Sky sog Company's tronsactions for May Raance 12 Purchase 28 Purchase 339 units 41 May 10 452 units 17 units @ta 45 units @ t lo10 units 341 20 Pssumira that perpetual inentoris ae rot maintained & that a pysikal cout at the end of the month Shous 633 units an hand what IS the cest of tha ending invertory using ()LIFO & FIFD
PRINTER VRSION ACK NXT RESOURCES xam 4 CH 7-8 Question 8 The following is a record of Skysong Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 452 units $19 May 10 Sale 339 units 12 Purchase 678 units S$26 28 Purchase 452 units $28 $41 20 Sale 610 units $41 (a) Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 633 units on hand,...
CALCULATOR PRINTER VERSİON -BACK ROD NEXT MENT RESOURCES r 8 Homework Exercise 8-14 The following is a record of Tamarisk Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 404 units $21 May 10 Sale 303 units $39 cise 8-9 12 Purchase 606 units $2520 Sale 545 units $39 28 Purchase 404 units $32 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 566 units...
The net income per books of Debra King Company was determined without knowledge of the errors indicated below. Year 2015 2016 2017 2018 2019 2020 Net Income per Books $48,900 50,950 52,950 55,100 52,170 59,160 Error in Ending Inventory Overstated $ 2,770 Overstated Understated 12.030 No error Understated 1,970 Overstated 8.740 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Net Income Per Books Corrected Net...
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