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CNOWv2 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/

en.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…

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 hp

tests.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 1/16/2021

Review View Help O Editing v A A A ミッニッ 三三>Tく AaBbCc AaBbCc No Spacing AaBbCc AaBbCc AaBbCc Normal Heading 1 Heading 2 Heading 3 Paragraph Styles Question 3: Supersave Ltd. has the below inventory balances and other information at the end of Dec 2020. Balances Beginning Ending Direct Material $ 15,750.00 $ 8,000.00 Working in Process Inventory Finished Goods Inventory $ 2,850.00 24 3,500.00 2$ 2,200.00 24 3,800.00 Other information Purchase of Direct Material 50,000.00 Factory Supervisor Salaries $ 5,750.00 Sales Salaries and Commissions 24 7,250.00 Delivery Cost 2$ 1,400.00 Sales Revenue $ 115,000.00 Factory Utility Costs 2$ 1,200.00 Factory Rent 24 17,750.00 Direct Labor $ 26.000.00 Required: Please calculate the amount of cost of goods manufactured. DELL

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 ... 80

Tube 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 807

Which answer is correct and why?

How can i solve 1,2 and 3?

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?

Please answer this accounting question completely

.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…

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Name: MBAA 501-Exam #1 - Chapters 1, 6 & 7 Class: Beginning inventory to 1800 10 units at $60 2 First purchase 25 units at $65 Second purchase 30 units at $68 Third purchase 15 units at $75 Date: The firm uses the periodic system, and there are 25 units of the commodity on hand at the end of the year. 27. What is the amount of inventory at the end of the year using the LIFO method? a. $1,685 b. $1,575 c. $1,805 d. $3,815 necurate statement?

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

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

e Acco Q Acco Unit Acco G the i G Whe G A me O Que: O Chap G A me + Accc ассо асco om Assume the beginning inventory as of January 1 consisted of 500 units that were purchased for $8.25 each. During the month, three new purchases were made. The first purchase consisted of 700 units costing $8.50 each, the second purchase had 800 units costing $9.00 each, and the third purchase had 600 units costing $9.50 each. At the end of the month, ending inventory shows 700 units. Compute the cost of goods sold and the ending inventory for the company using each of the following methods. Also determine the gross margin if the total sales revenue is $43,000. a. Specific identification: Of the units sold, 300 were from the beginning inventory, 600 from the first purchase, 700 from the second purchase, and 300 from the third purchase. Cost of goods sold Ending inventory Gross profit b. First-in, first-out (FIFO) Cost of goods sold %24 Ending inventory Gross profit c. Weighted-average (round the unit…

ll. Subject Accounting

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

KUTULIVIT T Brave Company has the following inventory information. Accounting Transactions 15 Date July 1 Beginning Inventory 5 Purchases 14 Sale 21 Purchases 30 Sale O $6,701 O $6,654 Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis? O $6,423 O $6,203 O $6,516 16 J- Transaction f7 O Search the web J+ fg DII hp f10 Units and Cost DDI 15 units at $92 124 units at $93 76 units 60 units at $90 51 units A 2

Question 3 How to fill in this table part a and b with steps

Module Three Assignment - ACCX * CengageNOWv2 | Online teachir x ew.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre... * G| 曲 O eBook Show Me How 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 Feedback Check My Work a. The inventory turnover ratio indicates how many times a company has sold and…

Preview File Edit View Go Tools Window Help V mgt120h-j17.pdf Page 4 of 10 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 L ● 0 $3,000 1,000 2,000 4,000 6,000 10,000 CC V Search ((. Ơ Sat Apr 15 2:51 PM 4000 15.000

How to solve fifo and lifo

Beginning Inventory  3 units @ $4  $12 Purchases  10 units @ $7  $70 Sales 8 units   What is ending inventory under the FIFO method for Discount Company?   Select one: a. $35 b. $47 c. $56 d. $32 e. $50 f. $26 PreviousSave AnswersNext

CengageNOWv2 | Online teaching and learning resource from Cengage Learning Close Window eBook Show Me How 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.

A22 B C F G K. L A 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

Question:23 You are reviewing the records for your business and the accounting department has given you the following inventory schedule. Inventory Item Cost of item Market Value A B $ 4,650 $5,500 7,200 6,550 0 6,100 6,100 D E 4,100 5,000 8,050 9,400 FL 9,400 9,050 When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be

a. Chapters 1-7 G Traducir antaFe iriclars Sotems 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