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Problem 6-3A (Part Level Submission)
You are given the following information for Sheridan Company for
the month ended November 30, 2017:
Date
Description
Units
Unit Price
Nov. 1
Beginning inventory
65
$48
9
Purchase
110
45
15
Sale
(120)
22
Purchase
145
44
29
Sale
(150)
30
Purchase
42
42
Sheridan Company uses a perpetual inventory
system. All sales and purchases are on account.
Assume the sales price was $66 per unit for the goods sold on
November 15, and...
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Problem 6-4A (Part Level Submission) You are given the following information for Wildhorse Company for the month ended November 30, 2017: Unit Price 44 Date Description Nov. 1 Beginning inventory 9 Purchase 15 Sale 22 Purchase 29 Sale 30 Purchase Units 56 110 (115) 145 (160) 43 Wildhorse Company uses a perpetual inventory system. All sales and purchases are on account. v (a) Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted decimal...
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Application Problem 7-3A a-b (Part Level Submission) Soft Touch Company sells leather furniture. The following schedule relates to the company's inventory for the month of April: Sales Cost $46,056 27,810 $30,827 April 1 3 5 11 15 22 28 Beginning inventory Purchase Sale Purchase Sale Sale Purchase 76 units 45 units 29 units 28 units 58 units 34 units 51 units 18,340 75,110 40,290 34,578 Soft Touch uses the periodic inventory system. (a) Calculate Soft Touch Company's cost of goods...
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Problem 6-5A (Part Level Submission) You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2017. Koetteritz uses the periodic method for inventory. Unit Cost or Selling Price Date Quantity $40 June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase (a ) Your answer is partially correct. Try again. Calculate ending inventory, cost of goods...
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Application Problem 7-6A a-b (Part Level Submission) The following information relates to Glassworks Ltd.'s inventory transactions during the month of July. July 1 4 8 14 22 28 Beginning inventory Purchase Sale Sale Purchase Sale Units Cost/Unit Amount 4,300 $12.00 $51,600 5,700 $13.00 74,100 6,600 1,400 4,690 $12.50 59,094 2,970 All of the units sold were priced at $18 per unit. (a) Glassworks Ltd, uses the perpetual inventory system. Calculate Glassworks' cost of goods sold, gross margin, and ending inventory...
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Problem 6-05A a1-a3, b (Part Level Submission) (Video)
You are provided with the following information for Larkspur
Inc. for the month ended June 30, 2020. Larkspur uses the periodic
method for inventory.
Date
Description
Quantity
Unit Cost or
Selling Price
June
1
Beginning inventory
45
$42
June
4
Purchase
136
46
June
10
Sale
113
69
June
11
Sale return
15
69
June
18
Purchase
54
48
June
18
Purchase return
12
48
June
25
Sale
68
74
June
28...
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help me find FIFO and LIFO and AVERAGE COST
in part B2
Problem 6-3A (Part Level Submission) Windsor, Inc. had a beginning inventory on January 1 of 120 units of Product 4-18-15 at a cost of $22 per unit. During the year, the following purchases were made. Mar. 15 July 20 320 units 200 units at at $25 $26 Sept. 4 Dec. 2 280 units 80 units at at $28 $31 800 units were sold. Windsor, Inc. uses a periodic...
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Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $27,000 6,720 2,580 75,000 $111,300 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $3,000 10,200 12,000 5,100 60,000 21,000 $111,300 During November, the following summary transactions were completed. Nov. 8 10 11 12 15 19 20 22 25 27 28 29...
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This is one question.
Problem 6-03A a, b1-b2, c (Part Level Submission) (Video) Whispering Winds Corp. had a beginning inventory on January 1 of 143 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 July 20 380 units 238 units at at $23 $24 Sept. 4 Dec. 2 333 units 95 units at at $26 $29 950 units were sold. Whispering Winds Corp. uses a periodic inventory system....
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Problem 6-03A a, b1-b2, c (Part Level Submission) (Video)
Oriole Company had a beginning inventory on January 1 of 323
units of Product 4-18-15 at a cost of $20 per unit. During the
year, the following purchases were made.
Mar. 15
860 units
at
$23
Sept. 4
753 units
at
$26
July 20
538 units
at
$24
Dec. 2
215 units
at
$29
2,150 units were sold. Oriole Company uses a periodic inventory
system.
Determine the cost of goods available...
Problem 6-4A (Part Level Submission) You are given the following information for Wildhorse Company for the month ended November 30, 2017: Unit Price 44 Date Description Nov. 1 Beginning inventory 9 Purchase 15 Sale 22 Purchase 29 Sale 30 Purchase Units 56 110 (115) 145 (160) 43 Wildhorse Company uses a perpetual inventory system. All sales and purchases are on account. v (a) Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted decimal...
Application Problem 7-3A a-b (Part Level Submission) Soft Touch Company sells leather furniture. The following schedule relates to the company's inventory for the month of April: Sales Cost $46,056 27,810 $30,827 April 1 3 5 11 15 22 28 Beginning inventory Purchase Sale Purchase Sale Sale Purchase 76 units 45 units 29 units 28 units 58 units 34 units 51 units 18,340 75,110 40,290 34,578 Soft Touch uses the periodic inventory system. (a) Calculate Soft Touch Company's cost of goods...
Problem 6-5A (Part Level Submission) You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2017. Koetteritz uses the periodic method for inventory. Unit Cost or Selling Price Date Quantity $40 June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase (a ) Your answer is partially correct. Try again. Calculate ending inventory, cost of goods...
Application Problem 7-6A a-b (Part Level Submission) The following information relates to Glassworks Ltd.'s inventory transactions during the month of July. July 1 4 8 14 22 28 Beginning inventory Purchase Sale Sale Purchase Sale Units Cost/Unit Amount 4,300 $12.00 $51,600 5,700 $13.00 74,100 6,600 1,400 4,690 $12.50 59,094 2,970 All of the units sold were priced at $18 per unit. (a) Glassworks Ltd, uses the perpetual inventory system. Calculate Glassworks' cost of goods sold, gross margin, and ending inventory...
help me find FIFO and LIFO and AVERAGE COST
in part B2
Problem 6-3A (Part Level Submission) Windsor, Inc. had a beginning inventory on January 1 of 120 units of Product 4-18-15 at a cost of $22 per unit. During the year, the following purchases were made. Mar. 15 July 20 320 units 200 units at at $25 $26 Sept. 4 Dec. 2 280 units 80 units at at $28 $31 800 units were sold. Windsor, Inc. uses a periodic...
Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $27,000 6,720 2,580 75,000 $111,300 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $3,000 10,200 12,000 5,100 60,000 21,000 $111,300 During November, the following summary transactions were completed. Nov. 8 10 11 12 15 19 20 22 25 27 28 29...
This is one question.
Problem 6-03A a, b1-b2, c (Part Level Submission) (Video) Whispering Winds Corp. had a beginning inventory on January 1 of 143 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 July 20 380 units 238 units at at $23 $24 Sept. 4 Dec. 2 333 units 95 units at at $26 $29 950 units were sold. Whispering Winds Corp. uses a periodic inventory system....
Problem 6-03A a, b1-b2, c (Part Level Submission) (Video)
Oriole Company had a beginning inventory on January 1 of 323
units of Product 4-18-15 at a cost of $20 per unit. During the
year, the following purchases were made.
Mar. 15
860 units
at
$23
Sept. 4
753 units
at
$26
July 20
538 units
at
$24
Dec. 2
215 units
at
$29
2,150 units were sold. Oriole Company uses a periodic inventory
system.
Determine the cost of goods available...