BLANK Company’s record of transactions for the month of April was as follows. Purchases Sales April...
BLANK Company’s record of transactions for the month of April
was as follows.
|
Purchases |
Sales |
||||||||||
| April 1 | (balance on hand) | 708 | @ | $5.00 | April 3 | 590 | @ | $10.00 | |||
| 4 | 1,770 | @ | 5.09 | 9 | 1,652 | @ | 10.00 | ||||
| 8 | 944 | @ | 5.38 | 11 | 708 | @ | 11.00 | ||||
| 13 | 1,416 | @ | 5.48 | 23 | 1,416 | @ | 11.00 | ||||
| 21 | 826 | @ | 5.68 | 27 | 1,062 | @ | 12.00 | ||||
| 29 | 590 | @ | 5.87 | 5,428 | |||||||
| 6,254 | |||||||||||
Compute cost of goods sold assuming periodic inventory
procedures and inventory priced at FIFO. (Round answer
to 0 decimal places, e.g. 2,760.)
| Cost of goods sold |
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BLANK Company’s record of transactions for the month of April was as follows. Purchases Sales April...
BLANK Company’s record of transactions for the month of April was as follows. Purchases Sales April...
BLANK Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
708
@
$5.00
April 3
590
@
$10.00
4
1,770
@
5.09
9
1,652
@
10.00
8
944
@
5.38
11
708
@
11.00
13
1,416
@
5.48
23
1,416
@
11.00
21
826
@
5.68
27
1,062
@
12.00
29
590
@
5.87
5,428
6,254
Assuming that perpetual inventory records are kept in dollars,
determine the inventory using (1)...
Flint Company’s record of transactions for the month of April was as follows. Purchases Sales April...
Flint Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
708
@
$5.00
April 3
590
@
$10.00
4
1,770
@
5.09
9
1,652
@
10.00
8
944
@
5.38
11
708
@
11.00
13
1,416
@
5.48
23
1,416
@
11.00
21
826
@
5.68
27
1,062
@
12.00
29
590
@
5.87
5,428
6,254
Assuming that periodic inventory records are kept in units only,
compute the inventory at...
s record of transactions for the month of April was as follows. Purchases Sales April 1...
s record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 708 $5.00 April 3 590 $10.00 1,7705.09 9 1,652 10.00 944m 5.38 11 708 11.00 1,416 5.48 23 1,416 11.00 8265.68 27 1,062 12.00 590 5.87 5.42 6,254 Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using UFO and average-cost. (Round answer UFO Average cous
Swifty Company’s record of transactions for the month of April was as follows. Purchases Sales April...
Swifty Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
420
@
$6.00
April 3
350
@
$10.00
4
1,050
@
6.08
9
980
@
10.00
8
560
@
6.40
11
420
@
11.00
13
840
@
6.50
23
840
@
11.00
21
490
@
6.60
27
630
@
12.00
29
350
@
6.79
3,220
3,710
Assuming that periodic inventory records are kept in units
only, calculate the average-cost per...
Exercise 8-11 Sheffield Company’s record of transactions for the month of April was as follows. Purchases...
Exercise 8-11
Sheffield Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
1,260
@
$6.00
April 3
1,050
@
$10.00
4
3,150
@
6.08
9
2,940
@
10.00
8
1,680
@
6.40
11
1,260
@
11.00
13
2,520
@
6.50
23
2,520
@
11.00
21
1,470
@
6.60
27
1,890
@
12.00
29
1,050
@
6.79
9,660
11,130
Assuming that periodic inventory records are kept in units
only, calculate the...
Exercise 8-11 Swifty Company’s record of transactions for the month of April was as follows. Purchases...
Exercise 8-11
Swifty Company’s record of transactions for the month of April was
as follows.
Purchases
Sales
April 1
(balance on hand)
420
@
$6.00
April 3
350
@
$10.00
4
1,050
@
6.08
9
980
@
10.00
8
560
@
6.40
11
420
@
11.00
13
840
@
6.50
23
840
@
11.00
21
490
@
6.60
27
630
@
12.00
29
350
@
6.79
3,220
3,710
Assuming that periodic inventory records are kept in units
only, calculate the...
Exercise 8-11 Sunland Company’s record of transactions for the month of April was as follows. Purchases...
Exercise 8-11
Sunland Company’s record of transactions for the month of April was
as follows.
Purchases
Sales
April 1
(balance on hand)
1,020
@
$6.00
April 3
850
@
$10.00
4
2,550
@
6.08
9
2,380
@
10.00
8
1,360
@
6.40
11
1,020
@
11.00
13
2,040
@
6.50
23
2,040
@
11.00
21
1,190
@
6.60
27
1,530
@
12.00
29
850
@
6.79
7,820
9,010
Assuming that periodic inventory records are kept in units
only, calculate the...
Vaughn Company's record of transactions for the month of April was as follows. Purchases April 1...
Vaughn Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 1,140 @ $6.00 2,850 @ 6.08 1,520 @ 6.40 2,280 @ 6.50 1,330 @ 6.60 950 @ 6.79 10,070 Sales April 3 950 @ $10.00 9 2,660 @ 10.00 11 1,140 @ 11.00 23 2,280 @ 11.00 27 1,710 @ 12.00 8,740 Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2...
Exercise 8-11 Kingbird Company’s record of transactions for the month of April was as follows. Purchases...
Exercise 8-11
Kingbird Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
1,500
@
$6.00
April 3
1,250
@
$10.00
4
3,750
@
6.08
9
3,500
@
10.00
8
2,000
@
6.40
11
1,500
@
11.00
13
3,000
@
6.50
23
3,000
@
11.00
21
1,750
@
6.60
27
2,250
@
12.00
29
1,250
@
6.79
11,500
13,250
Assuming that periodic inventory records are kept in units only,, calculate the...
Blossom Company's record of transactions for the month of April was as follows. Sales 00 M...
Blossom Company's record of transactions for the month of April was as follows. Sales 00 M Purchases April 1 (balance on hand) 1,620 @ $6.00 4,050 @ 6.08 2,160 @ 6.40 3,240 @ 6.50 1,890 @ 6.60 1,350 @ 6.79 14,310 April 3 9 11 23 27 1,350 @ $10.00 3,780 @ 10.00 1,620 @ 11.00 3,240 @ 11.00 2,430 @ 12.00 12,420 o Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round...
BLANK Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
708
@
$5.00
April 3
590
@
$10.00
4
1,770
@
5.09
9
1,652
@
10.00
8
944
@
5.38
11
708
@
11.00
13
1,416
@
5.48
23
1,416
@
11.00
21
826
@
5.68
27
1,062
@
12.00
29
590
@
5.87
5,428
6,254
Assuming that perpetual inventory records are kept in dollars,
determine the inventory using (1)...
Flint Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
708
@
$5.00
April 3
590
@
$10.00
4
1,770
@
5.09
9
1,652
@
10.00
8
944
@
5.38
11
708
@
11.00
13
1,416
@
5.48
23
1,416
@
11.00
21
826
@
5.68
27
1,062
@
12.00
29
590
@
5.87
5,428
6,254
Assuming that periodic inventory records are kept in units only,
compute the inventory at...
s record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 708 $5.00 April 3 590 $10.00 1,7705.09 9 1,652 10.00 944m 5.38 11 708 11.00 1,416 5.48 23 1,416 11.00 8265.68 27 1,062 12.00 590 5.87 5.42 6,254 Assuming that periodic inventory records are kept in units only, compute the inventory at April 30 using UFO and average-cost. (Round answer UFO Average cous
Swifty Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
420
@
$6.00
April 3
350
@
$10.00
4
1,050
@
6.08
9
980
@
10.00
8
560
@
6.40
11
420
@
11.00
13
840
@
6.50
23
840
@
11.00
21
490
@
6.60
27
630
@
12.00
29
350
@
6.79
3,220
3,710
Assuming that periodic inventory records are kept in units
only, calculate the average-cost per...
Exercise 8-11
Sheffield Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
1,260
@
$6.00
April 3
1,050
@
$10.00
4
3,150
@
6.08
9
2,940
@
10.00
8
1,680
@
6.40
11
1,260
@
11.00
13
2,520
@
6.50
23
2,520
@
11.00
21
1,470
@
6.60
27
1,890
@
12.00
29
1,050
@
6.79
9,660
11,130
Assuming that periodic inventory records are kept in units
only, calculate the...
Exercise 8-11
Swifty Company’s record of transactions for the month of April was
as follows.
Purchases
Sales
April 1
(balance on hand)
420
@
$6.00
April 3
350
@
$10.00
4
1,050
@
6.08
9
980
@
10.00
8
560
@
6.40
11
420
@
11.00
13
840
@
6.50
23
840
@
11.00
21
490
@
6.60
27
630
@
12.00
29
350
@
6.79
3,220
3,710
Assuming that periodic inventory records are kept in units
only, calculate the...
Exercise 8-11
Sunland Company’s record of transactions for the month of April was
as follows.
Purchases
Sales
April 1
(balance on hand)
1,020
@
$6.00
April 3
850
@
$10.00
4
2,550
@
6.08
9
2,380
@
10.00
8
1,360
@
6.40
11
1,020
@
11.00
13
2,040
@
6.50
23
2,040
@
11.00
21
1,190
@
6.60
27
1,530
@
12.00
29
850
@
6.79
7,820
9,010
Assuming that periodic inventory records are kept in units
only, calculate the...
Vaughn Company's record of transactions for the month of April was as follows. Purchases April 1 (balance on hand) 1,140 @ $6.00 2,850 @ 6.08 1,520 @ 6.40 2,280 @ 6.50 1,330 @ 6.60 950 @ 6.79 10,070 Sales April 3 950 @ $10.00 9 2,660 @ 10.00 11 1,140 @ 11.00 23 2,280 @ 11.00 27 1,710 @ 12.00 8,740 Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2...
Exercise 8-11
Kingbird Company’s record of transactions for the month of April
was as follows.
Purchases
Sales
April 1
(balance on hand)
1,500
@
$6.00
April 3
1,250
@
$10.00
4
3,750
@
6.08
9
3,500
@
10.00
8
2,000
@
6.40
11
1,500
@
11.00
13
3,000
@
6.50
23
3,000
@
11.00
21
1,750
@
6.60
27
2,250
@
12.00
29
1,250
@
6.79
11,500
13,250
Assuming that periodic inventory records are kept in units only,, calculate the...
Blossom Company's record of transactions for the month of April was as follows. Sales 00 M Purchases April 1 (balance on hand) 1,620 @ $6.00 4,050 @ 6.08 2,160 @ 6.40 3,240 @ 6.50 1,890 @ 6.60 1,350 @ 6.79 14,310 April 3 9 11 23 27 1,350 @ $10.00 3,780 @ 10.00 1,620 @ 11.00 3,240 @ 11.00 2,430 @ 12.00 12,420 o Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round...
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