ACC2363_QUIZ 2_Q #60

How to solve fifo and lifo

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

File Edit View History Bookmarks Window Help A education.wiley.com ran Hassan D (74) XAYAAD XIKMO O0. w NWP Assessment Playe. N Solved > 5 -1 Accounti. C Home | Chegg.com A D09: Data Min Question 6 of 10 -/3 View Policies Current Attempt in Progress The Vogelson Company accumulates the following cost and net realizable value data at December 31. Inventory Categories Cost Data Net Realizable Value Camera $11,000 $9.900 Camcorders 7,800 8,500 DVDS 14,000 12,000 What is the lower-of-cost-or-net realizable value of the inventory? Lower-of-cost-or-net realizable value of the inventory 24 Save for Later Attempts: 0 of 1 used Submit Answer 7,288 MAR ¢tv S 80 00 D00 DII DD F2 F3 F4 F5 F6 F7 FB F9 F10 @ # $ & % * 2 3 4 6 7 8 9 日

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ezto.mheducation.com M Question 10- Ch 05 Quiz - Connect Hue Lind 19e Chap007 PPT Accessible.pptx: 6251-BUSI-2305-Busin Help Save & Exit Sub 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 O C $416,000 Mc Graw H $343,400 о $319,800 О $309,000 $392,400 ! 2 1 F2 80 a F5 F3 $ 54 #3 % 95 MacBook Air G 20 F6 & 7 29 ^ 60 > H FB 4 DII F7 8*> = J 9 ) 0 FIO F11 P

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

hLEIon1 - unit 4 Chapter 5 estion ezto.mheducation.com/ext/map/index.html?_con%3Dcon&extermal_ browser-D08launchUrl-https%253 2521 hapter 5 Quiz i Saved TB MC Qu. 5-80 (Algo) The inventory records for Radford Company reflecte The inventory records for Radford Company reflected the following Beginning inventory on May 1 First purchase on May 7 second purchase on May 17 300 units @ $2.20 400 units @ $2.40 600 units @ $2.50 200 units @ $2.60 Third purchase on May 23 Sales on May 31 1,200 units @ $4.10 What is the weighted average cost per unit for May? Multiple Choice

M Question 4 - Chapter 5, Assign X M Connect zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch 211 AF Prin X Maps O Porter's Five Forc... 5, Assignment 2 i ! January 1 April 1 October 1 Required information [The following information applies to the questions displayed below.] The following information pertains to the inventory of Parvin Company during Year 2. Beginning Inventory Purchased Purchased FIFO General Journal FIFO T accounts https://lms.mheducation.com/n X Url=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlew During Year 2, Parvin sold 3,500 units of inventory at $80 per unit and incurred $46,000 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30 percent income tax rate. Parvin started the period with cash of $84,000, inventory of $11,100, common stock of $59,000, and retained earnings of $36,100. View transaction list X Required a. Record the above…

Home CengageNOWv2 | Online teachin /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionL.ocator=&inprogress%-false G w. еВook Show Me How A Calculator Effect of Inventory Errors During the taking of its physical inventory on December 31, 20Y3, Waterjet Bath Company incorrectly counted its inventory as $728,660 instead of the correct amount of $719,880. Indicate the effect of the misstatement on Waterjet Bath's December 31, 20Y3, balance sheet and income statement for the year ended December 31, 20Y3. Also record the amount of each overstatement or understatement. Enter all amounts as positive numbers. Inventory Current assets Total assets Stockholders' equity Cost of goods sold Gross profit Net income %4 US O v1 8:1 acer

Mail - Edjouline X Bb Content - ACG2 X CengageNOWv. x (58) YouTube from Towards a + x owerPoint genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=Dassignment-take&inpro.. Q < Maps eBook Show Me How Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 120 units at $26 Sale 90 units 15 Purchase 140 units at $28 Sale 110 units 24 Sale 40 units Purchase 160 units at $30 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cos of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of…

Three Assignment - ACC X CengageNOWv2 | Online teachin X+ om/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre.. еBook Show Me How 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? Prev Check My Work 46°F ^ E

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How do I go about finding the ending inventory using the lifo method?

X CengageNOWv2 | Online teachin X N2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocato... Q Not syncing 田 eBook E Print Item Swing Company's beginning inventory and purchases during the fiscal year ended September 30, 20-2, were as follows: Units Unit Price Total Cost October 1, 20-1 Beginning inventory 1st purchase 2nd purchase 400 $19 $7,600 October 18 490 19.5 9,555 November 25 190 20.5 3,895 January 12, 20-2 Brd purchase 310 21 6,510 March 17 4th purchase Sth purchase 6th purchase 7th purchase 890 22.5 20,025 June 2 770 23 17,710 August 21 200 24 4,800 September 27 710 25 17,750 3,960 $87,845 Use the following information for the specific identification method. There are 1,300 units of inventory on hand on September 30, 20-2. Of these 1,300 units: 100 are from October 18, 20-1 1st purchase 200 are from January 12, 20-2 Brd purchase 100 are from March 17 4th purchase 400 are from June 2 5th purchase 200 are from August 21 6th purchase 300…

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26 EhaLbrowser=0&launch Url=https:253A%252F%252Fnewcorrected education on 1726 Saved Help Save & E first account field.) 4. Prepare journal entries to record the purchase and sale transactions, as well as the cost of sales, assuming that all sales and purchase transactions are on account and that the weighted-average method is used. (Do not round intermediate calculations and round the final answers to 2 decimal places. If no entry is required for a transaction/event, select "No journal entry required" in the View transaction list Journal entry worksheet 1 2 3 4 5 6 Record sales on account. Note: Enter debits before credits. Date January 24 General Journal Debit Credit Desk 1 7 e US 23 Mar 6:44

Fill in the missing numbers in the inventory schedule using the weighted-average cost inventory valuation method. This company uses the perpetual inventory system.

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Please question 14 and 15 please Introduction and show work also no plagiarism

Course: 11D ACCT 1 Introduct X A Not secure | alphacollege.ddns.net:5056/moodle/course/view.php?id%328 Apps M Gmail O YouTube Мaps E-Alpha * My Coulehat are the merchandise inventory Access Pascodeentries of the following statements? Assignment#5 1) Sep1 Business sold $2400 inventory to ACE Inc., the cost is $600, Terms 2/5, n/15 FOB 2) Sep1 Business purchased $3600 of inventory from Westelm, Terms 1/10, n/20 FOB 3) Sep3 Business purchased $3000 of inventory from Citylight Inc. paid in cash 4) Sep6 Business Received ACE Inc's money. 5) Sep9 business purchased inventory $2700 from SilentSolar Ltd, Terms: 1/5, n/10, FOB 6) Sep11 Business paid Westelm in full 7) Sep30 paid SilentSolar Ltd for the Sep9 purchase Alpha College of Business and Technology Alpha E-Learning 2020 You are logged in as Harmanpreet Kaur. 4303546 (Log out) Home P Type here to search ASUS 立

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Prepare journal entry, Record inventory write down to LCM / NRV

Preview File Edit View Go Tools Window Help V mgt120h-j17.pdf Page 5 of 10 przy:wwwv=j-zlatykyvvw.vivvvitiete a. 6 b. 7 c. 14 d. 16 C Ơ ● ₁ CC V 7. If average inventory was $80,000, sales were $560,000, and cost of goods sold were $480,000 what would be the inventory turnover? Search ((. Ơ Sat Apr 15 2:53 PM

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How to calculate this using the Periodic Weighted Formula method & the Perpetual FIFO method

eBook Show Me HowSpreadsheetPrint Item Question Content Area Inventory Write-Down The following information is taken from Aden Company's records: Product Group Units Cost/Unit Market/Unit A 1 700 $1.10 $0.90 B 1 250 1.50 1.55 C 2 150 4.90 5.15 D 2 100 6.50 6.40 E 3 80 25.00 24.60   Required: What is the correct inventory value if the company applies the LCNRV rule to each of the following? Individual items Product A $fill in the blank 1 630 Product B fill in the blank 2 375 Product C fill in

Choose amounts the 3 listed items that a manufacturer’s inventory may include:  pre-ordered material inventory work in process inventory unused inventory

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