The cost of goods sold by use of the specific identification inventory method. Iroquois unit cost $ 1100 and kit cost $ 450 , Chippewa unit cost $ 1400 and kit cost $ 550 , and Winnebago unit cost $ 2100 and kit cost $ 800 . Custom paddles cost for $ 45 medium sizes and for $ 75 large sizes. Beginning inventory on 1 April is as follows ( Table 1 ) ; Iroquois 1 Canoes 2 Kits Chippewa 2 Canoes 2 Kits Winnebago 0 Canoes 3 Kits Paddles 6 Medium 6 Large Ending inventory on June 30 is as follows ( Table 2 ) ; Iroquois 2 Canoes 1 Kits Chippewa 0 Canoes 1 Kits Winnebago 2 Canoes 1 Kits Paddles 6 Medium 4 Large Summary of inventory purchases during April-June is shown below ( Table 3 ) ; Date of Purchase Unit Item Cost Per unit April 5 3 Iroquois Canoe $ 1100 3 Chippewa Canoe $ 1400 3 Winnebago Canoe $ 2100 May 1 3 Iroquois Kit $ 450 2 Chippewa Kit $ 550 1 Winnebago Kit $ 800 8 Paddle Medium $ 45 June 10 6 Paddle Large $ 75 2 Chippewa Kit $ 550 1 Winnebago Kit $ 800

Question

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Answer 1

Question

Chapter 18, Problem 1CS1

To determine

To calculate: The cost of goods sold by use of the specific identification inventory method. Iroquois unit cost $1100 and kit cost $450, Chippewa unit cost $1400 and kit cost $550, and Winnebago unit cost $2100 and kit cost $800. Custom paddles cost for $45 medium sizes and for $75 large sizes.

Beginning inventory on 1 April is as follows (Table 1);

Iroquois

1 Canoes

2 Kits

Chippewa

2 Canoes

2 Kits

Winnebago

0 Canoes

3 Kits

Paddles

6 Medium

6 Large

Ending inventory on June 30 is as follows (Table 2);

Iroquois

2 Canoes

1 Kits

Chippewa

0 Canoes

1 Kits

Winnebago

2 Canoes

1 Kits

Paddles

6 Medium

4 Large

Summary of inventory purchases during April-June is shown below (Table 3);

Date of Purchase

Unit

Item

Cost Per unit

April 5

3

Iroquois Canoe

$1100

3

Chippewa Canoe

$1400

3

Winnebago Canoe

$2100

May 1

3

Iroquois Kit

$450

2

Chippewa Kit

$550

1

Winnebago Kit

$800

8

Paddle Medium

$45

June 10

6

Paddle Large

$75

2

Chippewa Kit

$550

1

Winnebago Kit

$800

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Answer 2

Question

Chapter 18, Problem 1CS1

To determine

To calculate: The cost of goods sold by use of the specific identification inventory method. Iroquois unit cost $1100 and kit cost $450, Chippewa unit cost $1400 and kit cost $550, and Winnebago unit cost $2100 and kit cost $800. Custom paddles cost for $45 medium sizes and for $75 large sizes.

Beginning inventory on 1 April is as follows (Table 1);

Iroquois

1 Canoes

2 Kits

Chippewa

2 Canoes

2 Kits

Winnebago

0 Canoes

3 Kits

Paddles

6 Medium

6 Large

Ending inventory on June 30 is as follows (Table 2);

Iroquois

2 Canoes

1 Kits

Chippewa

0 Canoes

1 Kits

Winnebago

2 Canoes

1 Kits

Paddles

6 Medium

4 Large

Summary of inventory purchases during April-June is shown below (Table 3);

Date of Purchase

Unit

Item

Cost Per unit

April 5

3

Iroquois Canoe

$1100

3

Chippewa Canoe

$1400

3

Winnebago Canoe

$2100

May 1

3

Iroquois Kit

$450

2

Chippewa Kit

$550

1

Winnebago Kit

$800

8

Paddle Medium

$45

June 10

6

Paddle Large

$75

2

Chippewa Kit

$550

1

Winnebago Kit

$800

Expert Solution & Answer

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Answer 3

Question

Chapter 18, Problem 1CS1

To determine

To calculate: The cost of goods sold by use of the specific identification inventory method. Iroquois unit cost $1100 and kit cost $450, Chippewa unit cost $1400 and kit cost $550, and Winnebago unit cost $2100 and kit cost $800. Custom paddles cost for $45 medium sizes and for $75 large sizes.

Beginning inventory on 1 April is as follows (Table 1);

Iroquois

1 Canoes

2 Kits

Chippewa

2 Canoes

2 Kits

Winnebago

0 Canoes

3 Kits

Paddles

6 Medium

6 Large

Ending inventory on June 30 is as follows (Table 2);

Iroquois

2 Canoes

1 Kits

Chippewa

0 Canoes

1 Kits

Winnebago

2 Canoes

1 Kits

Paddles

6 Medium

4 Large

Summary of inventory purchases during April-June is shown below (Table 3);

Date of Purchase

Unit

Item

Cost Per unit

April 5

3

Iroquois Canoe

$1100

3

Chippewa Canoe

$1400

3

Winnebago Canoe

$2100

May 1

3

Iroquois Kit

$450

2

Chippewa Kit

$550

1

Winnebago Kit

$800

8

Paddle Medium

$45

June 10

6

Paddle Large

$75

2

Chippewa Kit

$550

1

Winnebago Kit

$800

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Answer 4

Question

Chapter 18, Problem 1CS1

To determine

To calculate: The cost of goods sold by use of the specific identification inventory method. Iroquois unit cost $1100 and kit cost $450, Chippewa unit cost $1400 and kit cost $550, and Winnebago unit cost $2100 and kit cost $800. Custom paddles cost for $45 medium sizes and for $75 large sizes.

Beginning inventory on 1 April is as follows (Table 1);

Iroquois

1 Canoes

2 Kits

Chippewa

2 Canoes

2 Kits

Winnebago

0 Canoes

3 Kits

Paddles

6 Medium

6 Large

Ending inventory on June 30 is as follows (Table 2);

Iroquois

2 Canoes

1 Kits

Chippewa

0 Canoes

1 Kits

Winnebago

2 Canoes

1 Kits

Paddles

6 Medium

4 Large

Summary of inventory purchases during April-June is shown below (Table 3);

Date of Purchase

Unit

Item

Cost Per unit

April 5

3

Iroquois Canoe

$1100

3

Chippewa Canoe

$1400

3

Winnebago Canoe

$2100

May 1

3

Iroquois Kit

$450

2

Chippewa Kit

$550

1

Winnebago Kit

$800

8

Paddle Medium

$45

June 10

6

Paddle Large

$75

2

Chippewa Kit

$550

1

Winnebago Kit

$800

Expert Solution & Answer

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Answer 5

Chapter 18, Problem 1CS1

To determine

To calculate: The cost of goods sold by use of the specific identification inventory method. Iroquois unit cost $1100 and kit cost $450, Chippewa unit cost $1400 and kit cost $550, and Winnebago unit cost $2100 and kit cost $800. Custom paddles cost for $45 medium sizes and for $75 large sizes.

Beginning inventory on 1 April is as follows (Table 1);

Iroquois

1 Canoes

2 Kits

Chippewa

2 Canoes

2 Kits

Winnebago

0 Canoes

3 Kits

Paddles

6 Medium

6 Large

Ending inventory on June 30 is as follows (Table 2);

Iroquois

2 Canoes

1 Kits

Chippewa

0 Canoes

1 Kits

Winnebago

2 Canoes

1 Kits

Paddles

6 Medium

4 Large

Summary of inventory purchases during April-June is shown below (Table 3);

Date of Purchase

Unit

Item

Cost Per unit

April 5

3

Iroquois Canoe

$1100

3

Chippewa Canoe

$1400

3

Winnebago Canoe

$2100

May 1

3

Iroquois Kit

$450

2

Chippewa Kit

$550

1

Winnebago Kit

$800

8

Paddle Medium

$45

June 10

6

Paddle Large

$75

2

Chippewa Kit

$550

1

Winnebago Kit

$800

Answer 6

Chapter 18, Problem 1CS1

To determine

To calculate: The cost of goods sold by use of the specific identification inventory method. Iroquois unit cost $1100 and kit cost $450, Chippewa unit cost $1400 and kit cost $550, and Winnebago unit cost $2100 and kit cost $800. Custom paddles cost for $45 medium sizes and for $75 large sizes.

Beginning inventory on 1 April is as follows (Table 1);

Iroquois

1 Canoes

2 Kits

Chippewa

2 Canoes

2 Kits

Winnebago

0 Canoes

3 Kits

Paddles

6 Medium

6 Large

Ending inventory on June 30 is as follows (Table 2);

Iroquois

2 Canoes

1 Kits

Chippewa

0 Canoes

1 Kits

Winnebago

2 Canoes

1 Kits

Paddles

6 Medium

4 Large

Summary of inventory purchases during April-June is shown below (Table 3);

Date of Purchase

Unit

Item

Cost Per unit

April 5

3

Iroquois Canoe

$1100

3

Chippewa Canoe

$1400

3

Winnebago Canoe

$2100

May 1

3

Iroquois Kit

$450

2

Chippewa Kit

$550

1

Winnebago Kit

$800

8

Paddle Medium

$45

June 10

6

Paddle Large

$75

2

Chippewa Kit

$550

1

Winnebago Kit

$800

Answer 7

Chapter 18, Problem 1CS1

To determine

To calculate: The cost of goods sold by use of the specific identification inventory method. Iroquois unit cost $1100 and kit cost $450, Chippewa unit cost $1400 and kit cost $550, and Winnebago unit cost $2100 and kit cost $800. Custom paddles cost for $45 medium sizes and for $75 large sizes.

Beginning inventory on 1 April is as follows (Table 1);

Iroquois

1 Canoes

2 Kits

Chippewa

2 Canoes

2 Kits

Winnebago

0 Canoes

3 Kits

Paddles

6 Medium

6 Large

Ending inventory on June 30 is as follows (Table 2);

Iroquois

2 Canoes

1 Kits

Chippewa

0 Canoes

1 Kits

Winnebago

2 Canoes

1 Kits

Paddles

6 Medium

4 Large

Summary of inventory purchases during April-June is shown below (Table 3);

Date of Purchase

Unit

Item

Cost Per unit

April 5

3

Iroquois Canoe

$1100

3

Chippewa Canoe

$1400

3

Winnebago Canoe

$2100

May 1

3

Iroquois Kit

$450

2

Chippewa Kit

$550

1

Winnebago Kit

$800

8

Paddle Medium

$45

June 10

6

Paddle Large

$75

2

Chippewa Kit

$550

1

Winnebago Kit

$800

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

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Answer 11

Ch. 18.1 - Prob. 1-1SC Ch. 18.1 - Prob. 1-2SC Ch. 18.1 - Prob. 1-3SC Ch. 18.1 - Prob. 1-4SC Ch. 18.1 - Prob. 2-1SC Ch. 18.1 - Prob. 2-2SC Ch. 18.1 - Prob. 2-3SC Ch. 18.1 - Prob. 2-4SC Ch. 18.1 - Prob. 3-1SC Ch. 18.1 - Prob. 3-2SC

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Chapter 18 Solutions

Iroquois	1 Canoes	2 Kits
Chippewa	2 Canoes	2 Kits
Winnebago	0 Canoes	3 Kits
Paddles	6 Medium	6 Large

Iroquois	2 Canoes	1 Kits
Chippewa	0 Canoes	1 Kits
Winnebago	2 Canoes	1 Kits
Paddles	6 Medium	4 Large

Date of Purchase	Unit	Item	Cost Per unit
April 5	3	Iroquois Canoe	$1100
	3	Chippewa Canoe	$1400
	3	Winnebago Canoe	$2100
May 1	3	Iroquois Kit	$450
	2	Chippewa Kit	$550
	1	Winnebago Kit	$800
	8	Paddle Medium	$45
June 10	6	Paddle Large	$75
	2	Chippewa Kit	$550
	1	Winnebago Kit	$800