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HW6#17a: Use the following data to answer the Chapter 6 Comprehensive Review Question DEFROST Company sells snowmobiles using a periodic inventory system. January is their peak business season. Transactions for DEFROST during January 2018 include the following: DATE EVENT TRANSACTIONS 1-Jan Beginning Inventory 8 Snowmobiles at $2,000 each ,000 5 Snowmobiles at $2,500 each 12,500 9 Snowmobiles at $3,000 each 2 7,000 3 Snowmobiles at $3,000 each 5-Jan Purchases+ Freight 13-Jan Sold 18-Jan Sold 9,000 7 Snowmobiles at $2,600 each 18,200 3 Snowmobiles at $3,200 each 23-Jan Purchases + Freight 9,600 25-Jan Sold 4-24 24 FIFO LIFO AVERAGE COST Sales 45,600 27,000 Beginning Inventory 16,000|100 Cost of Goods Purchased Cost of Goods Available for Sale o 00 (Ending Inventory) 13,000 BrooD 675 10,000 Cost of Goods Sold 33,70010035.025 Gross Profit 1,900 3,90010,75 75 6-25 25

HW6#17a: Use the following data to answer the Chapter 6 Comprehensive Review Question DEFROST Company sells snowmobiles using a periodic inventory system. January is their peak business season. Transactions for DEFROST during January 2018 include the following: DATE EVENT TRANSACTIONS 1-Jan Beginning Inventory 8 Snowmobiles at $2,000 each ,000 5 Snowmobiles at $2,500 each 12,500 9 Snowmobiles at $3,000 each 2 7,000 3 Snowmobiles at $3,000 each 5-Jan Purchases+ Freight 13-Jan Sold 18-Jan Sold 9,000 7 Snowmobiles at $2,600 each 18,200 3 Snowmobiles at $3,200 each 23-Jan Purchases + Freight 9,600 25-Jan Sold 4-24 24 FIFO LIFO AVERAGE COST Sales 45,600 27,000 Beginning Inventory 16,000|100 Cost of Goods Purchased Cost of Goods Available for Sale o 00 (Ending Inventory) 13,000 BrooD 675 10,000 Cost of Goods Sold 33,70010035.025 Gross Profit 1,900 3,90010,75 75 6-25 25

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter16: Manufacturing Accounting (mfg)
Section: Chapter Questions
Problem 3R: The following data pertain to 2012 activities of Twisp Industries: Use your completed worksheet to...
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What are the sales, beginning inventory, COGP, COGA, Ending inventory, COGS, and Gross Profit as stated on the green sheet. 

HW6#17a: Use the following data to answer the Chapter 6 Comprehensive Review Question DEFROST Company sells snowmobiles using a periodic inventory system. January is their peak business season. Transactions for DEFROST during January 2018 include the following: DATE EVENT TRANSACTIONS 1-Jan Beginning Inventory 8 Snowmobiles at $2,000 each ,000 5 Snowmobiles at $2,500 each 12,500 9 Snowmobiles at $3,000 each 2 7,000 3 Snowmobiles at $3,000 each 5-Jan Purchases+ Freight 13-Jan Sold 18-Jan Sold 9,000 7 Snowmobiles at $2,600 each 18,200 3 Snowmobiles at $3,200 each 23-Jan Purchases + Freight 9,600 25-Jan Sold 4-24 24
Transcribed Image Text:HW6#17a: Use the following data to answer the Chapter 6 Comprehensive Review Question DEFROST Company sells snowmobiles using a periodic inventory system. January is their peak business season. Transactions for DEFROST during January 2018 include the following: DATE EVENT TRANSACTIONS 1-Jan Beginning Inventory 8 Snowmobiles at $2,000 each ,000 5 Snowmobiles at $2,500 each 12,500 9 Snowmobiles at $3,000 each 2 7,000 3 Snowmobiles at $3,000 each 5-Jan Purchases+ Freight 13-Jan Sold 18-Jan Sold 9,000 7 Snowmobiles at $2,600 each 18,200 3 Snowmobiles at $3,200 each 23-Jan Purchases + Freight 9,600 25-Jan Sold 4-24 24
FIFO LIFO AVERAGE COST Sales 45,600 27,000 Beginning Inventory 16,000|100 Cost of Goods Purchased Cost of Goods Available for Sale o 00 (Ending Inventory) 13,000 BrooD 675 10,000 Cost of Goods Sold 33,70010035.025 Gross Profit 1,900 3,90010,75 75 6-25 25
Transcribed Image Text:FIFO LIFO AVERAGE COST Sales 45,600 27,000 Beginning Inventory 16,000|100 Cost of Goods Purchased Cost of Goods Available for Sale o 00 (Ending Inventory) 13,000 BrooD 675 10,000 Cost of Goods Sold 33,70010035.025 Gross Profit 1,900 3,90010,75 75 6-25 25
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