Homework Answers
| a. | Included in inventory |
| b | not included in inventory |
| c | not included in inventory |
| d | not included in inventory |
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please help with this accounting problem! signments Ch 6: Homework Ch 6: Homework < Pro Send...
Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each...
Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a) 900 units of inventory shipped on consignment by Peete to another company (b) 3,000 units of inventory in transit from a supplier shipped FOB destination. (c) 1.200 units of inventory sold but being held for customer pickup. (d) 500 units of inventory held on consignment from another company.
Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each...
Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a) 900 units of inventory shipped on consignment by Peete to another company. (b) 3,000 units of inventory in transit from a supplier shipped FOB destination. (c) 1,200 units of inventory sold but being held for customer pickup. (d) 500 units of inventory held on consignment from another company. Blue Spruce Corp. accumulates the...
Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each...
Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a) 900 units of inventory shipped on consignment by Peete to another company. (b) 3,000 units of inventory in transit from a supplier shipped FOB destination. (c) 1,200 units of inventory sold but being held for customer pickup. (d) 500 units of inventory held on consignment from another company. We were unable to transcribe...
please help with this accounting problem! Question 7 View Policies Current Attempt in Progress Gato Inc....
please help with this accounting problem!
Question 7 View Policies Current Attempt in Progress Gato Inc. had the following inventory situations to consider at January 31, its year-end. (21) identify which of the following items should be included in inventory. (a) Goods held on consignment for Steele Corp. since December 12. (b) Goods shipped on consignment to Logan Holdings Inc. on January 5. (c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit. (d)...
Accounting questions A) Cash os coating 53.000 or 55.000 with Using perpetual inventory, the entry to record a credit s...
Accounting questions
A) Cash os coating 53.000 or 55.000 with Using perpetual inventory, the entry to record a credit sale of S5000 Sales Revenue Inventory Cost of Goods Sold S3,000 B) Cash Service Revenue C) Accounts Receivable S5,000 $3.000 $5,000 $3.000 $3,000 D) Service Revenue S5,000 Accounts Receivable S5,000 Sales Revenue Cost of Goods Sold S3,000 Inventory $3,000 $5,000 29. Waggy Company identi Indicate whether each item should each item should be included or excluded from the inventory taking ems...
please help with this accounting problem! Ch 6: Homework View Policies Current Attempt in Progress In...
please help with this accounting problem!
Ch 6: Homework View Policies Current Attempt in Progress In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 500 units at $4, (2) 600 units at $5, and (3) 700 units at $7. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the...
please help with this accounting problem! Send to Gradebook Question 4 View Policies Current Attempt in Progress Ta...
please help with this accounting problem!
Send to Gradebook Question 4 View Policies Current Attempt in Progress Tamarisk, Inc. took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in the physical count were $29.000 of goods purchased from Sheffield Corp. FOB, shipping point, and $24,000 of goods sold to Wildhorse Co. for $33.000, FOB destination Both the Sheffield purchase and the Wildhorse sale were in transit at year-end. What amount should...
Please include work!! Thank you Send to Gradebook < Prev --/2 Question 9 View Policies Current...
Please include work!! Thank you
Send to Gradebook < Prev --/2 Question 9 View Policies Current Attempt in Progress At December 31, 2019, Susan Wilson Corporation reported current assets of $394,140 and current liabilities of $198,100. The following items may have been recorded incorrectly. 1. Goods purchased costing $20,520 were shipped f.o.b. shipping point by a supplier on December 28. Wilson received and recorded the invoice on December 29, 2019, but the goods were not included in Wilson's physical count...
please help with this accounting problem! Send to Gradebook Question 11 View Policies Current Attempt in...
please help with this accounting problem!
Send to Gradebook Question 11 View Policies Current Attempt in Progress In its first month of operation, Waterway Industries purchased 340 units of inventory for $9, then 440 units for $10, and finally 380 units for $11. At the end of the month, 420 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profit $ e Textbook and Media Attempts: 0 of 3...
WP Ch 22: Homework Assignment (6 x G All sales are on account. Collectic X +...
WP Ch 22: Homework Assignment (6 x G All sales are on account. Collectic X + - X → C l earn.wileyplus.com/courses/29334/assignments/2849762?module_item_id=9595980 a $ 0 0 Question 10 Discussions WP --/1 Conferences View Policies Current Attempt in Progress Collaborations Account Wiley Accounting Weekly Updates Zeller Company estimates that 2020 sales will be $45,300 in quarter 1, $49,600 in quarter 2, and $66,500 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending finished goods...
Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a) 900 units of inventory shipped on consignment by Peete to another company (b) 3,000 units of inventory in transit from a supplier shipped FOB destination. (c) 1.200 units of inventory sold but being held for customer pickup. (d) 500 units of inventory held on consignment from another company.
Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a) 900 units of inventory shipped on consignment by Peete to another company. (b) 3,000 units of inventory in transit from a supplier shipped FOB destination. (c) 1,200 units of inventory sold but being held for customer pickup. (d) 500 units of inventory held on consignment from another company. Blue Spruce Corp. accumulates the...
Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a) 900 units of inventory shipped on consignment by Peete to another company. (b) 3,000 units of inventory in transit from a supplier shipped FOB destination. (c) 1,200 units of inventory sold but being held for customer pickup. (d) 500 units of inventory held on consignment from another company. We were unable to transcribe...
please help with this accounting problem!
Question 7 View Policies Current Attempt in Progress Gato Inc. had the following inventory situations to consider at January 31, its year-end. (21) identify which of the following items should be included in inventory. (a) Goods held on consignment for Steele Corp. since December 12. (b) Goods shipped on consignment to Logan Holdings Inc. on January 5. (c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit. (d)...
Accounting questions
A) Cash os coating 53.000 or 55.000 with Using perpetual inventory, the entry to record a credit sale of S5000 Sales Revenue Inventory Cost of Goods Sold S3,000 B) Cash Service Revenue C) Accounts Receivable S5,000 $3.000 $5,000 $3.000 $3,000 D) Service Revenue S5,000 Accounts Receivable S5,000 Sales Revenue Cost of Goods Sold S3,000 Inventory $3,000 $5,000 29. Waggy Company identi Indicate whether each item should each item should be included or excluded from the inventory taking ems...
please help with this accounting problem!
Ch 6: Homework View Policies Current Attempt in Progress In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 500 units at $4, (2) 600 units at $5, and (3) 700 units at $7. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the...
please help with this accounting problem!
Send to Gradebook Question 4 View Policies Current Attempt in Progress Tamarisk, Inc. took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in the physical count were $29.000 of goods purchased from Sheffield Corp. FOB, shipping point, and $24,000 of goods sold to Wildhorse Co. for $33.000, FOB destination Both the Sheffield purchase and the Wildhorse sale were in transit at year-end. What amount should...
Please include work!! Thank you
Send to Gradebook < Prev --/2 Question 9 View Policies Current Attempt in Progress At December 31, 2019, Susan Wilson Corporation reported current assets of $394,140 and current liabilities of $198,100. The following items may have been recorded incorrectly. 1. Goods purchased costing $20,520 were shipped f.o.b. shipping point by a supplier on December 28. Wilson received and recorded the invoice on December 29, 2019, but the goods were not included in Wilson's physical count...
please help with this accounting problem!
Send to Gradebook Question 11 View Policies Current Attempt in Progress In its first month of operation, Waterway Industries purchased 340 units of inventory for $9, then 440 units for $10, and finally 380 units for $11. At the end of the month, 420 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profit $ e Textbook and Media Attempts: 0 of 3...
WP Ch 22: Homework Assignment (6 x G All sales are on account. Collectic X + - X → C l earn.wileyplus.com/courses/29334/assignments/2849762?module_item_id=9595980 a $ 0 0 Question 10 Discussions WP --/1 Conferences View Policies Current Attempt in Progress Collaborations Account Wiley Accounting Weekly Updates Zeller Company estimates that 2020 sales will be $45,300 in quarter 1, $49,600 in quarter 2, and $66,500 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending finished goods...
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