Consider the following transactions for DeTrees Company for the month shown in chronological order: Number of Units Beginning inventory 100 Purchased 80 Unit Cost $66 75 Sales Sold 50 Sold Ending inventory 25 105 $120 125 In the table below, calculate the dollar value for the period for each of the following items using the listed cost allocation methods and using perpetual inventory updating. PLEASE NOTE: All dollar amounts will be rounded to whole dollars using "$" with commas as needed (i.e. $12,345), except for the Weighted Average cost per unit, which will be rounded to two decimal places and include "$" (i.e. $12,345.67). [HINT - You definitely will want to consider using this EXCEL spreadsheet Final Chapter10 #1 #2 Worksheets.xlsx to assist in your calculations.] Weighted average cost per unit = $70 per unit. Cost Allocation Cost of Goods Available Cost of Goods Sold Ending Inventory Sales Gross Margin Method First-in, First-out (FIFO) Last-in, First-out (LIFO) Weighted Average (AVG)

Consider the following transactions for DeTrees Company for the month shown in chronological order: Number of Units Beginning inventory 100 Purchased 80 Unit Cost $66 75 Sales Sold 50 Sold Ending inventory 25 105 $120 125 In the table below, calculate the dollar value for the period for each of the following items using the listed cost allocation methods and using perpetual inventory updating. PLEASE NOTE: All dollar amounts will be rounded to whole dollars using "$" with commas as needed (i.e. $12,345), except for the Weighted Average cost per unit, which will be rounded to two decimal places and include "$" (i.e. $12,345.67). [HINT - You definitely will want to consider using this EXCEL spreadsheet Final Chapter10 #1 #2 Worksheets.xlsx to assist in your calculations.] Weighted average cost per unit = $70 per unit. Cost Allocation Cost of Goods Available Cost of Goods Sold Ending Inventory Sales Gross Margin Method First-in, First-out (FIFO) Last-in, First-out (LIFO) Weighted Average (AVG)

Name: Consider the following transactions for DeTrees Company for the month
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Description: Consider the following transactions for DeTrees Company for the month shown in chronological order:Number of UnitsBeginning inventory100Purchased80Unit Cost$6675SalesSold50SoldEnding inventory25105$120125In the table below, calculate the dollar valu

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 5EA: Akira Company had the following transactions for the month. Calculate the ending inventory dollar...

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