MERCHANDISING COMPANY: MERCHANDISE INVENTORYNadhira Corp. is a retailer located in Bandung. The following is inventory transactions for themonth ended January 2021.Cost per unit/selling price perDateExplanationUnitunit (Rp000)|01-SepBeginning inventory584007-SepPurchase13043|08-Sep|15-Sep|16-Sep|18-SepPurchase Return4043Sales8870Sales Return2870Purchase804519-SepPurchase Return1545|25-SepSales6072|26-SepSales Return2572|27-SepPurchase504628-SepSales7073Instructions:a. Calculate cost of goods sold, ending inventory, and gross profit underperiodic method for each of the following cost flow assumptions (no rounding):1. FIFO2. Average-costing,

Name: MERCHANDISING COMPANY: MERCHANDISE INVENTORYNadhira Corp. is a retail
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Description: MERCHANDISING COMPANY: MERCHANDISE INVENTORYNadhira Corp. is a retailer located in Bandung. The following is inventory transactions for themonth ended January 2021.Cost per unit/selling price perDateExplanationUnitunit (Rp000)|01-SepBeginning invent

In FIFO (First-In-First-Out) method, goods that are purchased first are assumed to be sold first. In…

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Nadhira Corp. is a retailer located in Bandung. The following is inventory transactions for the month ended January 2021. Cost per unit/selling price per Date Explanation Unit unit (Rp000) 01-Sep Beginning inventory 58 40 07-Sep Purchase 130 43 08-Sep 15-Sep Purchase Return 40 43 Sales 88 70 |16-Sep Sales Return 28 70 |18-Sep Purchase 80 45 |19-Sep Purchase Return 15 45 25-Sep Sales 60 72 26-Sep Sales Return 25 72 27-Sep Purchase 50 46 28-Sep Sales 70 73 Instructions: a. Calculate cost of goods sold, ending inventory, and gross profit under periodic method for each of the following cost flow assumptions (no rounding): 1. FIFO 2. Average-costing,

Nadhira Corp. is a retailer located in Bandung. The following is inventory transactions for the month ended January 2021. Cost per unit/selling price per Date Explanation Unit unit (Rp000) 01-Sep Beginning inventory 58 40 07-Sep Purchase 130 43 08-Sep 15-Sep Purchase Return 40 43 Sales 88 70 |16-Sep Sales Return 28 70 |18-Sep Purchase 80 45 |19-Sep Purchase Return 15 45 25-Sep Sales 60 72 26-Sep Sales Return 25 72 27-Sep Purchase 50 46 28-Sep Sales 70 73 Instructions: a. Calculate cost of goods sold, ending inventory, and gross profit under periodic method for each of the following cost flow assumptions (no rounding): 1. FIFO 2. Average-costing,

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.12AMCP

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