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Informes con la contabilización del inv
Christine Belén Vidro
2011735629
NUC University División en Línea
ACCO 1050-3001 ONL
Introduction to Accounting II
Prof. Pedro L. Muñoz Morales
5/21/24
ventario
FIFO
Beginning Inventory
15 units x $72 =
$ 1,080.00 Purchases+
11 units x $84 = $ 924.00 20 units x $109 = $ 2,180.00 10 units x $90 = $ 900.00 $ 4,004.00 Cost of Goods Available for Sale
$ 5,084.00 Ending Inventory- 18 units x $109 = $ 1,962.00 10 units x $90 = $ 900.00 $ 2,862.00 Cost of Goods Sold
15 units x $72 =
$ 1,080.00 11 units x $84 = $ 924.00 2 units x $109 = $ 218.00 $ 2,222.00 LIFO
Beginning Inventory
15 units x $72 =
$ 1,080.00 Purchases+
11 units x $84 = $ 924.00 20 units x $109 = $ 2,180.00 10 units x $90 = $ 900.00 $ 4,004.00 Cost of Goods Available for Sale
$ 5,084.00 Ending Inventory- 11 units x $72 =
$ 792.00 3 units x $84 = $ 252.00 4 units x $90 = $ 360.00 10 units x $109
$ 1,090.00 $ 2,494.00 Cost of Goods Sold
4 units x $72 = $ 288.00 8 units x $84 = $ 672.00 10 units x $109= $ 1,090.00 6 units x $90 = $ 540.00 $ 2,590.00 Weighter Average
Beginning Inventory
15 units x $72 =
$ 1,080.00 Purchases+
11 units x $84 = $ 924.00 20 units x $109 = $ 2,180.00
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10 units x $90 = $ 900.00 $ 4,004.00 Cost of Goods Available for Sale
$ 5,084.00 Ending Inventory- 28 units x $90.79 =
$ 2,542.00 $ 2,542.00 Cost of Goods Sold
28 units x $90.79 =
$ 2,542.00 $ 2,542.00 Weighter Average Cost =
$ 5,084.00 =$90.79 per unit
56 units
Computadoras del Futuro
Income Statement
For the Month Ended April 30
Sales
$ 2,780.00 Cost of Mechandise Sold-
$ 2,222.00 Gross profit
$ 558.00 Operating expenses -
$ 500.00 Net Income
$ 58.00 Computadoras del Futuro
Income Statement
For the Month Ended April 30
Sales
$ 2,780.00 Cost of Mechandise Sold-
$ 2,590.00 Gross profit
$ 190.00 Operating expenses -
$ 500.00 Net loss
$ (310.00)
Computadoras del Futuro
Income Statement
For the Month Ended April 30
Sales
$ 2,780.00
Cost of Mechandise Sold-
$ 2,542.00 Gross profit
$ 238.00 Operating expenses -
$ 500.00 Net loss
$ (262.00)
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Ejercicio 2. Inventario periódico
Utilizando el método de inventario periódico, computa el costo de los bienes vendidos del siguiente ejer
Fecha
Detalle
Cantidad
Costo de unidad (unit cost)
Mayo 1
Inventario inicial
12
$112 6
Venta
6
8
Compra
18
$103 13
Venta
8
30
Venta
4
FIFO
Beginning Inventory
12 units x $112 =
$ 1,344.00 Purchases+
18 units x $103 = $ 1,854.00 Cost of Goods Available for Sale
$ 3,198.00 Ending Inventory- (12 x $103) =
$ 1,236.00 Cost of Goods Sold
(12 x $112) + (6 x $103)=
$ 1,962.00
rcicio:
Pedro L. M
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Muñoz Morales
https://recordings.rna1.blindsidenetworks.com/nuc/4409c348662da4e08d21a2885930215f8de6950f-1715901042771/capture/
Capítulo 6: Inventories
Warren, C. S., Jones, J. P., & Tayler, W. B. (2024). Accounting (29th ed.).
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Cost of merchandise sold
Inventories:
Beginning of year
eBook
Inventory Turnover and Days' Sales in Inventory
Financial statement data for years ending December 31 for Amsterdam Company follow:
End of year
20Y4
20Y3
X
Inventory Turnover
20Y4
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20Y3
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20Y4
$3,598,900
593,000
648,000
a. Determine the inventory turnover for 20Y4 and 20Y3. Round to one decimal place.
Print Item
20Y3
$3,015,630
b. Determine the days' sales in inventory for 20Y4 and 20Y3. Assume 365 days a year. Round interim calculations and final answers
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OL
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Days' Sales in Inventory
days
days
c. Does the change in the inventory turnover and the days' sales in inventory from 20Y3 to 20Y4 indicate a favorable or an unfavorable
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10
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ent
Exercise 6-07 al-a2
Cullumber Company uses a periodic inventory system and reports the following for the month of June.
Date
Explanation
Inventory
Units
Unit Cost
Total Cost
June 1
130
$5
$ 650
12
Purchases
388
6.
2,328
23
Purchases
215
1,505
30
Inventory
230
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to o decimal places, e g. 225.
FIFO
LIFO
Average-cost
The cost of the ending inventory
The cost of goods sold
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FIFO perpetual inventory
The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are
Number
Date Transaction
of Units
Per Unit
Total
Apr. 3 Inventory
25
$1,200
$30,000
8 Purchase
75
1,240
93,000
11 Sale
40
2,000
80,000
30 Sale
30
2,000
60,000
May 8 Purchase
60
1,260
75,600
10 Sale
50
2,000
100,000
19 Sale
20
2,000
40,000
<
28 Purchase
80
1,260
100,800
June 5 Sale
40
2,250
90,000
16 Sale
25
2,250
56,250
21 Purchase
35
1,264
44,240
28 Sale
44
2,250
99,000
Required:
1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illust
first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER un
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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
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Using the following information for a periodic inventory system, what is the amount of net income (loss)?
Purchases
Inventory, September 1
Administrative expense
Rent revenue
Sales
1,146
Selling expense
$825
Inventory, September 30 11,074
58,402
$28,452
7,276
697
Interest expense
Oa. $32,565
Ob. $807
Oc. $24,654
X Od. $27,288
Dashboard
807
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Shellhammer Company's inventory records show the following data for the month of September:
Units
Unit Cost
Inventory, September 1
100
$3,34
Purchases: September 8
450
3.50
September 18
350
3.70
A physical inventory on September 30 shows 200 units on hand.
Calculate the value of the ending inventory and cost of goods sold if the company uses weighted average inventory costing and a
periodic inventory system. (Round cost per unit to 2 decimal places, e.g. 15.25 and ending inventory and cost of goods sold to
the nearest dollar, e.g. 5,275.)
Ending inventory
Cost of goods sold
$
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MAR
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YOUR WORLD OF LEARNING
West Company recorded the following inventory information during the month of February:
Balance on 2/1
Purchased on 2/8
Sold on 2/14
Purchased on 2/17
Sold on 2/23
Purchased on 2/28
Units.
800
1,000
1,500
2,000
1,600
800
Unit Cost
$ 2
$ 3
$ 1
$ 4
Total Cost
$ 1,600
$ 3,000
$ 2,000
$ 3,200
Units on Hand
800
1,800
300
2,300
700
1,500
West uses the LIFO method to cost inventory. What amount should West report as inventory at the end of February using the periodic inventory method?
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Perpetual Inventory Using LIFO
Beginning inventory, purchases, and sales for Item Foxtrot are as follows:
Mar. 1
Inventory
270 units at $18
Sale
225 units
15
Purchase
375 units at $20
27
Sale
240 units
Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method,
determine (a) the cost of merchandise sold on March 27 and (b) the inventory on March 31.
a. Cost of merchandise sold on March 27
%24
b. Inventory on March 31
4. PE.07-04B
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Perpetual Inventory Using Weighted Average
Beginning inventory, purchases, and sales for WCS12 are as follows:
Oct. 1
Inventory
300 units at $8
13
Sale
175 units
22
Purchase
375 units at $10
29
Sale
280 units
a. Assuming a perpetual inventory system and using the weighted average method,
determine the weighted average unit cost after the October 22 purchase. Round your answer…
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Beginning Inventory
3 units @ $4
$12
Purchases
10 units @ $7
$70
Sales
8 units
What is CGS under the FIFO method for Discount Company?
Select one:
a. $47
b. $56
c. $50
d. $26
e. $35
f. $32
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Connecticut
aw-Hill CONNECT SEC 09
View transaction list
Journal entry worksheet
K
1
Record the inventory write down of $1,708,000,000 to LCM.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credit
1
Record entry
Clear entry
ounol ea marA
o
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Subject
Accounting
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Beginning Inventory
3 units @ $4
$12
Purchases
10 units @ $7
$70
Sales
8 units
What is CGS under the LIFO method for Discount Company?
Select one:
a. $56
b. $32
c. $26
d. $50
e. $47
f. $35
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Weighted average cost flow method under perpetual inventory system
The following units of a particular item were available for sale during the calendar year:
Jan. 1
Inventory
9,000 units at $50.00
Mar. 18
Sale
7,000 units
May 2
Purchase
8,000 units at $56.50
Aug. 9
Sale
8,000 units
Oct. 20
Purchase
A✩
中
4,000 units at $60.00
The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the
inventory balance after each sale. Present the data in the form illustrated in Exhibit 5. Round your "Unit Cost" answers to two decimal
places.
Weighted Average Cost Flow Method
Goods Sold
Cost of
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Inventory turnover and number of days' sales in inventory
Financial statement data for years ending December 31 for Tango Company follow:
20Υ7
20Y6
Cost of goods sold
$3,864,000 $4,001,500
Inventories:
Beginning of year
770,000
740,000
End of year
840,000
770,000
Required
a. Determine the inventory turnover for 20Y7 and 20Y6. Round to one decimal place.
20Υ7
20Υ6
Inventory turnover
b. Determine the number of days' sales in inventory for 20Y7 and 20Y6. Use 365 days and round to one decimal place.
20Υ7
20Υ6
X days
X days
Number of days' sales in inventory
C. Are the changes in inventory turnover and the number of days' sales in inventory from 20Y6 to 20Y7 favorable or unfavorable?
Unfavorable
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a. The inventory turnover ratio indicates how many times a company has sold and…
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Inventory
Cash
Accounts receivable
Current liabilities
6. At the balance sheet date, Arlington Company reported the following balances. (All
accounts have normal balances).
Land
Sales revenue
What is Arlington Company's quick ratio?
a. .50
b. .75
c. 1.00
d. 1.50
e. 2.00
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$3,000
1,000
2,000
4,000
6,000
10,000
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4000
15.000
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Weighted Average Cost Flow Method Under Perpetual Inventory System
The following units of a particular item were available for sale during the calendar year:
Jan. 1
Inventory
30,000 units at $30.00
Mar. 18
Sale
24,000 units
May 2
Purchase
54,000 units at $31.00
Aug. 9
Sale
45,000 units
Oct. 20
Purchase
21,000 units at $32.10
The firm uses the weighted average cost method with a perpetual inventory system.
Determine the cost of merchandise sold for each sale and the inventory balance after each
sale. Present the data in the form illustrated in Exhibit 5. Round unit cost to two decimal
places, if necessary.
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B
C
F
G
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Perpetual Inventory Using FIFO
Beginning inventory, purchases,and sales data for Keurig coffee machines are as follows:
7.
8.
9
50 units at $1O
20 units
90 units at $11
June
Inventory
10
6.
Sale
11
14
Purchase
12
19
Sale
60 units
13
25
Purchase
40 units at $13
14
30
Sale
50 units
15
16
The business maintains a perpetual inventory system, costing by the firgnin, first-out method.
Using the chart below, determine the cost of ending inventory.
17
18
19
Sales
20
Inventory
Date
Purchases
(Cost of goods)
21
Total
Unit
Cost
Total
Unit
Cost
Total
Unit
Cost
22
23
24
1-Jun
25
26
27
6-Jun
28
29
30
14-Jun
31
32
33
19-Jun
34
35
36
25-Jun
37
38
39
30-Jun
40
Cost of ending inventory=
41
a Sheet1
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TB MC Qu. 6-137 Using a perpetual inventory system, how...
Using a perpetual Iventory system, how should a company record the sale of Inventory costing $550 for $1,170 on account?
1.
InventorY
550
Cost oE GOods Sold
550
Sales Revenue
1,170
Accounts Receivable
1,170
2.
Accounts Receivable
1,170
Sales Revenue
1,170
Cost of Goods Sold
550
Inventory
550
550
3.
Inventory
620
Gain
1,170
Sales Revenue
1,170
Accounts Receivable
550
Sales Revenues
620
Gain
Multiple Choice
Ne
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Inventory Analysis
A company reports the following:
Cost of merchandise sold $558,000
Average inventory
45,000
Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final
answers to one decimal place. Assume 365 days a year.
a. Inventory turnover
b. Number of days' sales in inventory
days
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FIFO and LIFO Costs Under Perpetual Inventory System
The following units of an item were available for sale during the year:
Beginning inventory
33 units at $41
Sale
22 units at $57
First purchase
34 units at $44
Sale
32 units at $58
Second purchase
30 units at $47
Sale
16 units at $60
The firm uses the perpetual inventory system, and there are 27 units of the item on hand at the end of the year.
a. What is the total costrof the ending inventory according to FIFO?
b. What is the total cost of the ending inventory according to LIFO?
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TB MC Qu. 05-66 (Algo) Bedrock Company reported...
10
Bedrock Company reported a December 31 ending inventory balance of $416,000. The following additional information is also available:
pints
Print
The ending inventory balance of $416,000 included $72,800 of consigned inventory for which Bedrock was the consignor.
The ending inventory balance of $416,000 incorrectly included $23,600 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming
year.
Based on this information, the correct balance for ending inventory on December 31 is:
05 Quiz
Me McGraw Hill Connect
References
Multiple Choice
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$416,000
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$343,400
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$309,000
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Beginning Inventory
3 units @ $4
$12
Purchases
10 units @ $7
$70
Sales
8 units
What is CGS under the Average Cost method for Discount Company? Round to average cost to nearest penny and round average CGS to nearest dollar.
Select one:
a. $26
b. $56
c. $50
d. $35
e. $32
f. $47
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- Question attached inthe SS Thanks tkn42n242-4924 646 464064062-4 420i6 0h4arrow_forwardCNOWv2 Student Help x + enow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locato... 시기 wsing Protection X Chapter 9 < Cost of merchandise sold Inventories: Beginning of year eBook Inventory Turnover and Days' Sales in Inventory Financial statement data for years ending December 31 for Amsterdam Company follow: End of year 20Y4 20Y3 X Inventory Turnover 20Y4 Show Me How 20Y3 CengageNOWv2 | Online t X Search 20Y4 $3,598,900 593,000 648,000 a. Determine the inventory turnover for 20Y4 and 20Y3. Round to one decimal place. Print Item 20Y3 $3,015,630 b. Determine the days' sales in inventory for 20Y4 and 20Y3. Assume 365 days a year. Round interim calculations and final answers to one decimal place. OL 589,600 Days' Sales in Inventory days days c. Does the change in the inventory turnover and the days' sales in inventory from 20Y3 to 20Y4 indicate a favorable or an unfavorable 593,000 10 Q 813 PrtSc Insert S 1 3/arrow_forwarden.wileyplus.com/edugen/student/mainfr.uni YouTube Maps Welcome, Joseph-.. 6 New Tab Kimmel, Accounting, 7e Assignment Gradebook ORION Downloadable eTextbook ent Exercise 6-07 al-a2 Cullumber Company uses a periodic inventory system and reports the following for the month of June. Date Explanation Inventory Units Unit Cost Total Cost June 1 130 $5 $ 650 12 Purchases 388 6. 2,328 23 Purchases 215 1,505 30 Inventory 230 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to o decimal places, e g. 225. FIFO LIFO Average-cost The cost of the ending inventory The cost of goods sold Click if you would like to Show Work for this question: Open Shov Work By accessing this Question Assistance, you wil learn while you earn points based on the Point Potential Policy set by your instructor 2.2000-2021 206n & Sona n Al…arrow_forward
- Sp25 ACCT X CengageNOWv2 | Online teaching X exhibit 6.4.jpg 71x399) x + bw.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true FIFO perpetual inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 25 $1,200 $30,000 8 Purchase 75 1,240 93,000 11 Sale 40 2,000 80,000 30 Sale 30 2,000 60,000 May 8 Purchase 60 1,260 75,600 10 Sale 50 2,000 100,000 19 Sale 20 2,000 40,000 < 28 Purchase 80 1,260 100,800 June 5 Sale 40 2,250 90,000 16 Sale 25 2,250 56,250 21 Purchase 35 1,264 44,240 28 Sale 44 2,250 99,000 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illust first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER un Check My Work 3 more Check My Work uses remaining Q Search hparrow_forwardtests.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 1/16/2021arrow_forwardTube C CengageNOWV2 | Online teaching and learning resourc... Using the following information for a periodic inventory system, what is the amount of net income (loss)? Purchases Inventory, September 1 Administrative expense Rent revenue Sales 1,146 Selling expense $825 Inventory, September 30 11,074 58,402 $28,452 7,276 697 Interest expense Oa. $32,565 Ob. $807 Oc. $24,654 X Od. $27,288 Dashboard 807arrow_forward
- Edit View History Bookmarks Window Help A education.wiley.com ssan D 74) XAYAAD XIKMO OO. w NWP Assessment Playe. N Solved > 5-1 Accounti.. C Home | Chegg.com A DQ9: Data Mining - S Question 5 of 10 - /3 view Policies Current Attempt in Progress Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3,34 Purchases: September 8 450 3.50 September 18 350 3.70 A physical inventory on September 30 shows 200 units on hand. Calculate the value of the ending inventory and cost of goods sold if the company uses weighted average inventory costing and a periodic inventory system. (Round cost per unit to 2 decimal places, e.g. 15.25 and ending inventory and cost of goods sold to the nearest dollar, e.g. 5,275.) Ending inventory Cost of goods sold $ Save for Later Attempts: 0 of 1 used Submit Answer 7,288 MAR 7 tv ... 80arrow_forwardWhich answer is correct and why?arrow_forwardHow can i solve 1,2 and 3?arrow_forward
- ROGER UWorld CPA Review YOUR WORLD OF LEARNING West Company recorded the following inventory information during the month of February: Balance on 2/1 Purchased on 2/8 Sold on 2/14 Purchased on 2/17 Sold on 2/23 Purchased on 2/28 Units. 800 1,000 1,500 2,000 1,600 800 Unit Cost $ 2 $ 3 $ 1 $ 4 Total Cost $ 1,600 $ 3,000 $ 2,000 $ 3,200 Units on Hand 800 1,800 300 2,300 700 1,500 West uses the LIFO method to cost inventory. What amount should West report as inventory at the end of February using the periodic inventory method?arrow_forwardPlease answer this accounting question completelyarrow_forward.ll Verizon LTE 11:41 AM 1 0 77% AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Leaming Close Window Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item Foxtrot are as follows: Mar. 1 Inventory 270 units at $18 Sale 225 units 15 Purchase 375 units at $20 27 Sale 240 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on March 27 and (b) the inventory on March 31. a. Cost of merchandise sold on March 27 %24 b. Inventory on March 31 4. PE.07-04B O eBook Show Me How Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 300 units at $8 13 Sale 175 units 22 Purchase 375 units at $10 29 Sale 280 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer…arrow_forward
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