WHAT IS THE WEIGHTED-AVERAGE COST PER UNIT BASE OFF THE CHART??   You are provided with the following information for Concord Inc. for the month ended June 30, 2020. Concord uses the periodic method for inventory. Date   Description   Quantity   Unit Cost or Selling Price June 1   BEGINNING INVENTORY   39   41     June 4   PURCHASE   139   46     June 10   SALE   111   68     June 11   SALE RETURN   14   68     June 18   PURCHASE   53   47     June 18   PURCHASE RETURN   9   47     June 25    SALE   68   73     June 28   PURCHASE    32   51

Q: You have the following information for Marigold Corp. for the month ended October 31, 2022. Marigold…

A: Periodic inventory system is updated at the end of the period to adjust inventory numbers to match…

Q: The records of Rami co. show the following data on June 30, 2020, During the month inventory Sold on…

A: Average Method:-It is the cost calculated by dividing the total cost by the total number of units.…

Q: Bonita, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years…

A: Date Inventory atEnd-of-year Prices Price Index Inventory at Base-year Prices Changefrom Prior Year…

Q: ou are provided with the following information for Lily Inc. for the month ended June 30, 2020. Lily…

A: Ending Inventory It is  the amount of inventory presented on the balance sheet by the business .It…

Q: Oasis Company has used the dollar-value LIFO method for inventory cost determination for many years.…

A: Workings: Ending Inventory at base prices = $ 97000 - 92000…

Q: The records of Rami co. show the following data in June 30, 2020 Date Explanation Unit Unit Cost…

A: Inventory valuation is a method used by the organisation to evaluate the total value of goods held…

Q: You are provided with the following information for Novak Inc. for the month ended June 30, 2020.…

A: Calculate the total purchase quantity and value as follows: The total purchase quantity is 256 and…

Q: The records of Rami co. show the following data in June 30, 2020, During the month inventory on hand…

A: The cost of goods sold is the total cost that is contributes in the selling of the product.

Q: You are provided with the following information for Bonita Inc. for the month ended June 30, 2020.…

A: Date Description Quantity Unit Cost Total Cost Jun-01  Beginning Inventory 41  39  1599  Jun-04…

Q: You are provided with the following information for Lily Inc. for the month ended June 30, 2022.…

A: LIFO represents the calculation of ending inventory with the assumption that the inventory purchased…

Q: The Lippert Company uses the periodic inventory system. The following July data are for an item in…

A: Total units available for sale = 30 + 50 + 25 = 105 units Units sold = 60 units Ending inventory =…

Q: You are provided with the following information for Concord Inc. for the month ended June 30, 2020.…

A: The inventory can be valued using various methods: 1. FIFO 2. LIFO 3. Weighted average method

Q: May 1 Beginning inventory 162 units @ $30 per unit 12 Purchased 112 units@ $35 per unit 16 Sold 180…

A: FIFO states that the inventory purchased first would be sold first. Whereas, LIFO states that the…

Q: ****I JUST NEED THE LAST PART ABOUT GROSS PROFIT RATE**** You have the following information for…

A: "LIFO" stands for last-in, first-out, meaning that the recently purchased inventory items are…

Q: You have the following information for Waterway Industries for the month ended October 31, 2022.…

A: To ascertain the weighted average cost per unit the Cost of goods available for sale are divided by…

Q: You have the following information for Waterway Industries for the month ended October 31, 2022.…

A: "LIFO" stands for last-in, first-out, meaning that the recently purchased inventory items are…

Q: What is the amount of inventory on March 31 using the moving average cost flow technique? During…

A: Moving Average Cost method of Inventory Valuation is a method of Perpetual System i.e. the unit cost…

Q: Arna, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years…

A: LIFO Method:   It is a method of inventory valuation where the inventory purchased last will be sold…

Q: John had 150 units in inventory costing $5,700 on December 1st, 2020. During the month of December,…

A: Weighted average unit price on Dec. 18, 2020 = (Cost of beginning inventory + Cost of Purchase) /…

Q: You have the following information for Bramble Inc for the month ended October 31, 2022. Bramble…

A: The inventory valuation method used to evaluate the closing inventory and cost of goods sold on the…

Q: What is the amount of inventory on March 31 using the moving average cost flow technique? During…

A:

Q: You are provided with the following information for Lily Inc. for the month ended June 30, 2022.…

A: We will answer only first question as it is not specified which question is to be answered. Kindly…

Q: Muscat Company uses the periodic inventory system to account for inventories. Information related to…

A: Under FIFO periodic system of accounting for Inventory, Inventory purchased first is issued first…

Q: You are provided with the following information for Concord Inc. for the month ended June 30, 2020.…

A: SOLUTION-                                   COST OF GOODS AVAILABLE FOR SALE      DATE…

Q: You have the following information for Van Gogh Inc. for the month ended October 31, 2022. Van Gogh…

A: Inventory valuation is based on the flow of exemption used by the company. There are many methods…

Q: You have the following information for Coronado Inc. for the month ended June 30, 2022. Coronado…

A: Sales Transactions   Date   Units  Price  Sales Value (units x price) 10-Jun Sales 110 53 5830…

Q: Givens Company uses a periodic inventory system.Its records show the following for the month of…

A: The Numerical has covered the concept of First in First out method and Weighted Average Method of…

Q: You are provided with the following information for Lily Inc. for the month ended June 30, 2022.…

A: The weighted-average unit cost is calculated by dividing the cost of goods sold by the total units…

Q: Using a LIFO perpetual cost flow and the following data for Beamer Company, determine the value of…

A: Last-in First Out: As per LIFO method of accounting, units purchased last are sold first.

Q: You are provided with the following information for Concord Inc. for the month ended June 30, 2020.…

A: 1.  Calculation of cost of goods sold under FIFO Method  :  Date  Number of units  sold / sales…

Q: Assume your organization has the following inventory changes during the year: Beginning…

A: Introduction:- The term inventory refers to both the raw materials utilised in manufacturing and the…

Q: Calculate the ending inventory and cost of goods sold dollar values for ABC Company for the month,…

A: Periodic inventory system is the one whereby the records of the inventory are maintained at the end…

Q: Use the following information from Marvel Company for the month of July to answer the following…

A: Ending inventory is $2,685

Q: Mama's Mexican Meals, Inc., had the following activity for an inventory item during June: Unit Units…

A: The inventory valuation method used to evaluate the closing inventory and cost of goods sold on the…

Q: The inventory records for Radford Company reflected the following Beginning inventory on May 1 First…

A: The weighted Average Cost (WAC) method of inventory valuation equips a weighted average to estimate…

Q: The records of Rami co. show the following data on June 30, 2020, During the month inventory on hand…

A: Definition: First-in-First-Out (FIFO): In the First-in-First-Out method, the first purchased items…

Q: You are provided with the following information for Koetteritz Inc. for the month  ended June 30,…

A: Here in this question, we are required to calculate inventory under periodic inventory system. In…

Q: UMET's Stores had the following inventory transactions in 2020:                       Transaction…

A: Inventory: It refers to the items held by an organization which were in various forms like raw…

Q: The following are the transactions for the month of July.       Units Unit Cost Unit Selling…

A: The Store ledger has been made based on FIFO periodic methos as above.

Q: The following are the inventories for the years 2016, 2017, and 2018 for Parry Company: Cost Market…

A:

Q: You have the following information for Metlock, Inc. for the month ended October 31, 2022. Metlock…

A: Weighted average cost per unit= Total purchase and begcost/ Total purchased and beg unit

Q: Current Attempt in Progr You are provided with the following information for Waterway Inc. for the…

A: FIFO is First in First out method of inventory which says that inventory which is purchased first in…

Q: You are provided with the following information for Waterway Inc. for the month ended June 30, 2020.…

A: The gross profit is calculated as excess of sales revenue over total cost.

Q: You have the following information for Bramble Inc. for the month ended June 30, 2022. Bramble uses…

A: a1. Computation of cost of goods available for sale. Cost of goods available sale $8930 No. of units…

Q: for inventory. Date   Description   Units   Unit Cost or Selling Price Oct. 1   Beginning…

A: Ans. *Calculations for Average cost per unit:                     Available for sale…

Q: Muscat Company uses the periodic inventory system to account for inventories. Information related to…

A: Periodic Inventory System:- This is the inventory system where entries get updated on a periodic…

Q: You are provided with the following information for Lily Inc. for the month ended June 30, 2022.…

A: Periodic inventory system: Under this inventory system, the records of inventory are only updated at…

Q: You are provided with the following information for Guillaume Inc. for the month ended June 30,…

A: Under FIFO METHOD:: BBeginning inventory::40*P40  =P1600 June 4:Purchases::135*P44 =P5940 June 18…