How much is the ending inventory under average perpetual? 2,750 2,758 2,852 3,000
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Beginning balance 100 boxes at P50
Purchases:
June 4 90 boxes @ P55
June 14 110 boxes @ P60
Sales
June 7 120 boxes
June 20 80 boxes
June 27 50 boxes
How much is the ending inventory under average perpetual?
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- ABC Traders had the following data for Product Pink on June 20X1:Beginning balance 100 boxes at P50Purchases:June 4 90 boxes @ P55June 14 110 boxes @ P60SalesJune 7 120 boxesJune 20 80 boxesJune 27 50 boxesHow much is the ending inventory under average perpetual? a. 2,750 b. 2,758 c. 2,852 d. 3,00025.ABC Traders had the following data for Product Pink on June 20X1:Beginning balance 100 boxes at P50Purchases:June 4 90 boxes @ P55June 14 110 boxes @ P60SalesJune 7 120 boxesJune 20 80 boxesJune 27 50 boxesHow much is the ending inventory under FIFO perpetual? 3,000 2,758 2,750 2,700ABC Traders had the following data for Product Pink on June 20X1:Beginning balance 100 boxes at P50Purchases:June 4 90 boxes @ P55June 14 110 boxes @ P60SalesJune 7 120 boxesJune 20 80 boxesJune 27 50 boxesHow much is the ending inventory under FIFO perpetual? a. 3,000 b. 2,758 c. 2,750 d. 2,700
- 13.ABC Traders had the following data for Product Pink on June 20X1:Beginning balance 100 boxes at P50Purchases:June 4 90 boxes @ P55June 14 110 boxes @ P60SalesJune 7 120 boxesJune 20 80 boxesJune 27 50 boxesHow much is the cost of goods sold under average periodic? 13,598 13,791 13, 895 14,000ABC Traders had the following data for Product Pink on June 20X1:Beginning balance 100 boxes at P50Purchases:June 4 90 boxes @ P55June 14 110 boxes @ P60SalesJune 7 120 boxesJune 20 80 boxesJune 27 50 boxesHow much is the cost of goods sold under average periodic? a. 13,598 b. 13,791 c. 13, 895 d. 14,000The ABC Boutique had the following information at June 30, 20X1: Inventory increased by P10,000 Purchase returns, P5,000 Freight in, P3,000 Sales, P300,000 Sales discount, P25,000 If the gross profit is 20% of net sales. How much is the gross purchases for June? a. 202,000 b. 212,000 c. 222,000 d. 232,000
- The ABC Boutique had the following information at June 30, 20X1: Purchases, P180,000 Inventory, June 1, P8,000 Purchase returns, P2,000 Freight in, P4,000 Sales, P250,000 Sales discount, P20,000 If the gross profit is 25% of cost of sales. How much is the inventory at June 30? a. 6,000 b. 10,000 c. 17,500 d. 18,00014.The ABC Boutique had the following information at June 30, 20X1: Purchases, P180,000 Inventory, June 1, P8,000 Purchase returns, P2,000 Freight in, P4,000 Sales, P250,000 Sales discount, P20,000 If the gross profit is 25% of cost of sales. How much is the inventory at June 30? 6,000 10,000 17,500 18,000E8.14 The following is a record of Pervis Ellison Company's transactions for Boston Teapots for the month of May 2020.May 1 Balance 400 units @ $20 May 10 Sale 300 units @ $38 12 Purchase 600 units @ $25 20 Sale 540 units @ $38 28 Purchase 400 units @ $30 Instructions a. Assuming that periodic inventories are maintained and that a physical count at the end of the month shows 560 units on hand, what is the cost of the ending inventory using Weighted Average. OPTIONAL: Try FIFO and LIFO, based on reading the slides and notes on these 2 methods. b. Assuming that perpetual records are maintained, calculate the ending inventory using Moving Average
- If firm’s beginning inventory is $70,000, purchases are $320,000, and the cost of good sold is $300,000, what is its ending inventory?a. 260,00b. $30,000c. $90,000d. $330,000Presented below is information related to Novak Enterprises. Jan. 31 Feb. 28 Mar. 31 Apr. 30 Inventory at cost $18,750 $18,875 $21,250 $17,500 Inventory at LCNRV 18,125 15,750 19,500 16,625 Purchases for the month 21,250 30,000 33,125 Sales for the month 36,250 43,750 50,000The Crystal Glass is a trader in chinaware décor . The following information is available at the end of 2010: Opening Inventory $31,400 Closing Inventory $20,400 Sales for December 2010 $90,000 Standard margin is 33 1/3 % Based on this information, what was the amount for the purchases? $22,500 $30,000 $49,000 $56,500