LTU LTU W O twp LTU New New G LTU LTU New t CCIX b b mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=D3391136&cmid=211861&scrollpos=2900#q5 BusinessCourse Return to course E My Subscriptions Jordan Henry Inventory Costing Methods-Perpetual Method The following information is for the Vista Company; the company sells just one product: Units Unit Cost Beginning Inventory Jan. 1 200 $10 Purchases: Feb. 11 500 14 May 18 400 17 Oct. 23 100 18 Sales: March 1 400 July 1 380 Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory $. 7,240 Cost of goods sold $ B. Last-in, first-out: Ending Inventory Cost of goods sold $ C. Weighted Average Ending Inventory $ Cost of goods sold $ 10,360 5,080 x 12,520 x 6,160 x 11,440 x 8:06 AM O Type here to search 3/25/2020 FUJITSU

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter3: Setting Up A New Company
Section: Chapter Questions
Problem 2.3C
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What are the last 4 answers?

LTU
LTU W O twp
LTU
New New G
LTU
LTU
New t
CCIX b b
mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=D3391136&cmid=211861&scrollpos=2900#q5
BusinessCourse
Return to course
E My Subscriptions
Jordan Henry
Inventory Costing Methods-Perpetual Method
The following information is for the Vista Company; the company sells just one product:
Units Unit Cost
Beginning Inventory
Jan. 1
200
$10
Purchases:
Feb. 11
500
14
May 18
400
17
Oct. 23
100
18
Sales:
March 1
400
July 1
380
Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost
methods.
Do not round until your final answers. Round your final answers to the nearest dollar.
A. First-in, First-out:
Ending Inventory
$.
7,240
Cost of goods sold $
B. Last-in, first-out:
Ending Inventory
Cost of goods sold $
C. Weighted Average
Ending Inventory $
Cost of goods sold $
10,360
5,080 x
12,520 x
6,160 x
11,440 x
8:06 AM
O Type here to search
3/25/2020
FUJITSU
Transcribed Image Text:LTU LTU W O twp LTU New New G LTU LTU New t CCIX b b mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=D3391136&cmid=211861&scrollpos=2900#q5 BusinessCourse Return to course E My Subscriptions Jordan Henry Inventory Costing Methods-Perpetual Method The following information is for the Vista Company; the company sells just one product: Units Unit Cost Beginning Inventory Jan. 1 200 $10 Purchases: Feb. 11 500 14 May 18 400 17 Oct. 23 100 18 Sales: March 1 400 July 1 380 Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory $. 7,240 Cost of goods sold $ B. Last-in, first-out: Ending Inventory Cost of goods sold $ C. Weighted Average Ending Inventory $ Cost of goods sold $ 10,360 5,080 x 12,520 x 6,160 x 11,440 x 8:06 AM O Type here to search 3/25/2020 FUJITSU
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