Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Jan.July 251Oct. 20(a)20(b)21(c)(d)Beginning inventoryPurchaseNov. 15 SaleSalePurchasePurchaseUnits1560653045 75Unit Cost$6.206.606.407.00Total CostAnswer the following independent questions: (Round answers using average cost formula to 2 decimal places, e.g. 15.25.)$93396192315Assume that the company uses the FIFO cost formula. The cost of goods sold for the Jan. 21 sale was $Assume that the company uses the average cost formula. The cost of goods sold for the Jan. 21 sale was $Assume that the company uses the average cost formula. The value of the inventory after the Nov. 15 sale was $Assume that the company uses the FIFO cost formula. The value of the inventory after the Oct. 20 purchase is $

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Description: Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Jan.July 251Oct. 20(a)20(b)21(c)(d)Beginning inventoryPurchaseNov. 15 SaleSalePurchasePu

Inventory valuation is based on the flow of inventory issued by the organization. It can be the…

Business

Accounting

Jan. 21 July 25 Oct. 20 1 (a) 20 (b) (c) (d) Beginning inventory Purchase Nov. 15 Sale Sale Purchase Purchase Units 15 60 65 30 45 75 Unit Cost $6.20 6.60 6.40 7.00 Total Cost $93 Answer the following independent questions: (Round answers using average cost formula to 2 decimal places, e.g. 15.25.) 396 192 315 Assume that the company uses the FIFO cost formula. The cost of goods sold for the Jan. 21 sale was $ Assume that the company uses the average cost formula. The cost of goods sold for the Jan. 21 sale was $ Assume that the company uses the average cost formula. The value of the inventory after the Nov. 15 sale was $ Assume that the company uses the FIFO cost formula. The value of the inventory after the Oct. 20 purchase is $

Jan. 21 July 25 Oct. 20 1 (a) 20 (b) (c) (d) Beginning inventory Purchase Nov. 15 Sale Sale Purchase Purchase Units 15 60 65 30 45 75 Unit Cost $6.20 6.60 6.40 7.00 Total Cost $93 Answer the following independent questions: (Round answers using average cost formula to 2 decimal places, e.g. 15.25.) 396 192 315 Assume that the company uses the FIFO cost formula. The cost of goods sold for the Jan. 21 sale was $ Assume that the company uses the average cost formula. The cost of goods sold for the Jan. 21 sale was $ Assume that the company uses the average cost formula. The value of the inventory after the Nov. 15 sale was $ Assume that the company uses the FIFO cost formula. The value of the inventory after the Oct. 20 purchase is $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Suppose the following:Beginning Inventory = 11257Ending Inventory= 12407Beginning Receivables = 6167Ending Receivables = 6879Beginning Payables = 8498Ending Payables = 8829Credit Sales = 93480Cost of Goods Sold = 72325Calculate the following (round final answers to 2 decimal places):Operating Cycle = daysCash Cycle = days
Date Oct. 1 Oct. 9 Oct. 17 Oct. 11 Sale Oct. 22 Oct. 25 Description Beginning inventory Purchase (a1) Purchase Sale Purchase Oct.29 Sale Units 70 125 95 95 70 80 105 Unit Cost or Selling Price $26 Weighted-average cost per unit $ 28 40 29 45 31 45 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) 11₁ SI
Swifty Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date May 7 July 28 Date May 7 On June 1, Swifty sold 26 units, and on August 27, 43 more units. June 1 Number of Units Prepare the perpetual inventory schedule for the above transactions using FIFO. July 28 Aug. 27 $ $ 50 $ 30 $ Unit Cost $15 15 Purchases 750 0 360 0 Product E2-D2 $ $ $ $ Cost of Goods Sold 0 390 0 $ $ $ $ Balance 750 360 360 285
个 Given the following data, calculate the cost of ending inventory using the average cost method. (Round any intermediary and final answers to two decimal places) Date 1/1 3/5 5/30 12/31 Item Beginning inventory Purchase of inventory Purchase of inventory Ending inventory OA. $351 30 OB. $420.00 OC. $330.00 OD. $300.00 Unit 60 units at $10 per unit 30 units at $10 per unit 15 units at $22 per unit 30 units
TB MC Qu. 05-125 Jammer Company... Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 August 18 August 29 August 31 Purchase Purchase Sale Purchase What is the per-unit value of ending inventory on August 31? (Round your per unit answers to 2 decimal places.) Multiple Choice $10.50 $13.50 $13.36 $14.64 8 units at $10.50 per unit. 10 units at $14.00 per unit. 16 units. 13 units at $13.50 per unit. $12.44
31. Apply the Retail Inventory Method to calculate the cot of ending invery Cost Beginning inventory Net purchanes Sales Ratail $20.224 $31600 59.508 97000 .00
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
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P3-8 Books of Rose Company-show followlng.deta. Dalo 1:Nov - 15-Nov 25-Nov Transacilonis Beginning Inventory. Purchasos Sales @ P100 each" Unlts Unit Cost P50 P70 70 20 50. Roquired: Calculate the cost of goods sold and total value of.ending inventory under each of the following: methods: FIFO а.. b. LIFO Moving average 'cost C. CS Scanned with CamScanner
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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