Theannual inventorythe following information for 20 inch tires.QuantityDateJan 11Mar zoJol 11Sep 11Nov 13Total available for SaleBegining InventoryPurchasePurchaseA 112.60B120.00152.00221.00PurchasePurchaseof Big Wheels INC. Shows.AAnswerky501040154CostTotal6.50 3252430 22.5022.5020.5026.50If 34 tires wereon hand Dec 31 What is theValue ofending inventory using the LIfo methodof Inventory pricing ?205636675900$2,741

The LIFO method of inventory valuation states that the most recent is sold before the first…

Answered: The annual inventory of the following…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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X CengageNOWv2 | Online teachin X + com/ilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator assign... eBook Show Me How Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory 9,000 units at $50.00 Mar. 18 Sale 7,000 units May 2 Purchase 8,000 units at $56.50 Aug. 9 Sale 8,000 units Oct. 20 Purchase A✩ 中 4,000 units at $60.00 The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5. Round your "Unit Cost" answers to two decimal places. Weighted Average Cost Flow Method Goods Sold Cost of
Calculate the lowe, st-or-market c (a) Inventory a ACCT101_FEX_2021_2_Male A company reported the following data related to its ending inventory 957 95 95abe be1 3 SR1,100 Product Per Market Total on Hand Unit Cost Total abes 33 Cost 100 SR10 SR1,000 75 5a 18 20 16 95abe18ce 14 1,200 60 1,050 95abe18ce33 14 13 840 40 780 640 800 .ce3 the lower-of-cost-or-market on the: SR3,680 SR3,730 Calculate (a) Inventory as a whole (b) inventory applied separately to each product. 95abe1e 95abe18ce 33 MacBook Pro 95abe F3 000 F4 F5 F6 F7 50 DII & F8 6 7 7 V DD F9 T 8A F10 **** Y Co **** U **** **** O [P1 6E 6. R SA4 II
Chocolate Inc. uses a perpetual inventory system and uses the FIFO cost flow assumption. Calculate the cost of goods sold for the sale made on Mar. 20.Mar 1 Beginning Inventory 3@$12=$36Mar 15 Purchase 17@$15=$255Mar 20 Sale 12 units x $50 eachA. $600B. $171C. $180D. $220
Required information [The following information applies to the questions displayed below.] Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 15 units for $23 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units @ $9.00 cost 20 units @ $15.00 cost 15 units @ $17.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIFO: Goods purchased Cost of Goods Sold Cost of Goods # of Date Cost per Cost per Cost of ( Sol # of units Available for units unit unit Sale sold December 7 10 at $ 9.00 2$ 90.00 %3D 20 at $ 15.00 $ 300.00 %3D December 14 Total December 14 15 at $ 23.00 = 2$ December 15 Total December 15 15 at $ 17.00 $ 255.00 %3D December 21 Totals $ :
Note that this was everything given for this particular item. Use the information below to figure out what the Cost of Goods Sold is for the order placed for FIFO LIFO and Weighted Average Cost (Average Cost) · Date Explanation Units Unit Cost Total Cost 1/15/2021 Beginning Inventory 10 $7 $70 2/2/2021 Purchase 35 $8 280 2/28/2021 Purchase 56 $9 504 5/15/2021 Purchase 104 $10 1,040 9/30/2021 Purchase 220 $11 2,420 Sales - 5 units for $1,300 (5 * 300)
If the begning inventory is 0 and purchases during the period are as follows: Date of purchase Units Unit Cost 1st April 120 2 7th April 80 2 12 - Aug 50 3 9th Sept 100 5 3rd Nov 150 6 2nd Feb 120 5 31st March Ending Inventory 220 What will be the COGS for the period using FIFO method Question 1Answer a. 1250 b . 1150 c. 1350 d. 1450 which is write ans plz explai step by step
%24 %24 Cengage Learning signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook 4Show Me How ECalculator FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 8,100 units at $180 Sale 5,300 units at $300 First purchase 15,000 units at $185 Sale 13,000 units at $300 Second purchase 16,000 units at $192 Sale 14,000 units at $300 The firm uses the perpetual inventory system, and there are 6,800 units of the item on hand at the end of the year. a. What is the total cost of the ending inventory according to FIFO? b. What is the total cost of the ending inventory according to LIFO? ツ日 a 五 prt sc f12" end home
nprogress%3Dalse Calculator Use the information below to answer the following question. Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Blankets Purchase Sale Purchase Date Units Cost May 3 $20 10 3. 17 10 24 Sale Sale Purchase 20 23 3 30 10 30 Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the LIFO inventory cost method. Oa. $120 Ob. $144 Oc. $136 Od. $180 ( Previous Next a 10:45 PM 4/17/2020
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%25... A ☆ mework i Exercise 6-4 Alternative cost flow assumptions-perpetual inventory system LO2 Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130. Description Mar. 1 Beginning Inventory JESTE Mar. 3 Purchase Mar. 6 Purchase Mar. 17 Sale Mar. 23 Purchase Mar. 31 Sale Units 1. FIFO 2. Moving weighted average 24 69 119 64 68 158 Unit Cost Cost of Goods Sold $ 49 $ 54 $59 $59 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) Saved Ending Inventory Help
PERIODIC registered for VAT AND us ES the Bpeterel inventory styskem. The following transachons fook place during CC Stores is mach Sales of merchan dise, Rsiso C VAT included) cash. The cost picce was R2500C ercluding vAT) 2020 JOurnalize The ABOVE TRANSACHION BANK SALES VAT OUTPUT COST OF SALES INVENTORt
tests.mettl.com/test-window/f55ac827#/testWindow/0/12/1 EY Accounting Assessment Total 00:55:09 Finish Test Section 1 of 1 Section #1 v 5 7 8. 10 11 12 13 14 15 13 of 45 All 2 43 Question # 13 G Revisit Choose the best option The following information is available for an entity for the quarter ended March 31, of the current year Merchandise inventory, as of January 1 of the current year 30,000, Sales 200,000, Purchases 190,000. The gross profit margin is normally 20% of sales What is the estimated cost of the merchandise inventory at March 31, of the current year? O 20,000 O 40,000 60,000 180,000 Next Queslion +91-82878-03040 Zaineh Support +1-650-924-9221 413 PM metil 1/16/2021
Required information [The following information applies to the questions displayed below.] Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 15 units for $35 each. Purchases on December 7 10 units @ $21.00 cost 20 units @ $27.00 cost 15 units @ $29.00 cost Purchases on December 14 Purchases on December 21 Required: Determine the costs assigned to the December 31 ending inventory based on the FIFO method. Perpetual FIFO: Goods Purchased Cost of Goods Sold # of Date Cost Per Goods Cost Per Cost of ( # of Units Units Unit Purchased Unit Soli Sold December 7 10 at $ 9.00 $ 90.00 $ 15.00 $ 75.00 at = December 14 Total December 14 December 15 Total December 15 15 at $ 17.00 $ 255.00 December 21 Totals

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