3Question 4 of 11 < >9Purchase50 units$35,75013Purchase200 units $156,00024Sale200 units$182,00027Sale50 units$52,00030Purchase75 units$64,350Calculate Saddlery Company's cost of goods sold, gross margin, and ending inventory using FIFO.Cost of goods sold$Gross margin$Ending Inventory$-/1 E8JAI

To calculate Saddlery Company's cost of goods sold (COGS), gross margin, and ending inventory using…

Answered: 3 Question 4 of 11 < > 9 Purchase 50…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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om/im/takeAssighmeny take rogress-tiue Applying the lower of cost or market to each item of inventory, what should the total inventory value be for the following items? Market Inventory Cost per Value per Total Total Item Quantity Unit Unit Cost Market A 300 $15.00 $14.50 $4,500 $4,350 В 200 $14.00 $15.00 $2,800 $3,000 100 $17.00 $17.50 $1,700 $1,750 a. $8,850 Оь. 59,000 Oc. $9,100 Od. $9,250 Previous Next>
M&M Inventory Cost Total DATE Color of Units Cost Unit 1st Red 2 $10 20 3rd Orange $12 24 5th Yellow 4 $14 56 Sold SALE 6th 3 #1 Units 8th Green $16 32 10th Blue 3 $18 54 Sold SALE 11th 4 #2 Units 12th Brown 3 $20 60 Sold SALE 15th # 3 Units Calculate COGS for each sale and Ending Inventory under FIFO, LIFO, and Wtd. Avg. Methods %23 2.
LIFO (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventory F Number Number Number of Units Unit Cost Total Cost of Units Unit Cost Total Cost of Units Unit Cost Beginning Sale Purchase $4 Sale Purchase Sale Total Purchases $4 Total COGS Gross Margin, LIFO perpetuak Sales COGS Gross Margin %24
TB MC Qu. 05-131 (Algo) A company has the following products... A company has the following products in its ending Inventory. Compute lower of cost or market for inventory applied separately to each product Cost per Market per Unit Unit $ 726 $ 696 $ 526 $ 566 $ 676 $ 701 Product Quantity 10 15 20 Product A Product B Product C
Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for last-in, first-out (LIFO). Number of Units Unit Cost Sales Beginning inventory 240 $140 Sold 160 $180 Purchased 500 143 Sold 400 182 Purchased 410 150 Sold 370 214 Ending inventory 220 LIFO (perpetual) Inventory Cost of Goods Purchased Cost of Goods Solod Cost of Inventory Remaining Number Number Number of Units Unit Cost Total Cost of Units Unit Cost Total Cost of Units Unit Cost Total Cost Beginning $4 $4 Sale Purchase Sale Purchase %24
Can anyone help me these question, PA11 and PA12?
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Please help me
Ch 10b, HW#3 Use the first-in, first-out (FIFO) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and (c) gross margin for A75 Company, considering the following transactions. Number Unit of Units Cost Beginning Inventory 120 $46 Purchased Mar. 2 165 48 Sold Mar. 31 for $80 per unit 83 (a) Sales Revenue (b) Cost of Goods Sold (c) Gross Margin %24 %24
Calculate the lowe, st-or-market c (a) Inventory a ACCT101_FEX_2021_2_Male A company reported the following data related to its ending inventory 957 95 95abe be1 3 SR1,100 Product Per Market Total on Hand Unit Cost Total abes 33 Cost 100 SR10 SR1,000 75 5a 18 20 16 95abe18ce 14 1,200 60 1,050 95abe18ce33 14 13 840 40 780 640 800 .ce3 the lower-of-cost-or-market on the: SR3,680 SR3,730 Calculate (a) Inventory as a whole (b) inventory applied separately to each product. 95abe1e 95abe18ce 33 MacBook Pro 95abe F3 000 F4 F5 F6 F7 50 DII & F8 6 7 7 V DD F9 T 8A F10 **** Y Co **** U **** **** O [P1 6E 6. R SA4 II
# of Units Unit Cost Total Cost Jan 1 Beginning Inventory 09 009$ 066$ $1,300 Jan 12 Purchase $11 06 Jan 23 Purchase $13 Jan 29 Purchase 50 $16 $800 Totals 069 Units Sold = 220 Units in Ending Inventory = 80 %3D Calculate Cost of Goods Sold and Ending Inventory assuming a periodic inventory system under the LIFO method. Calculate Cost of Goods Sold and Ending Inventory assuming a periodic inventory system under the FIFO method. Calculate Cost of Goods Sold and Ending Inventory assuming a periodic inventory system under the Weighted Average method. (round to two decimal places)
Fle LUIL Iset Omlat Ticip 10 B I U S A 田 Arial f Cost of Goods Sold3= U Y H. K L M A B C. 43 UFO 44 45 Date Item Quantity Cost Per Unit Total 46 47 Ending Inventory Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses $1.400.00 Gross Profit %=== Net Income AVERAGE COST 70 71 Average Cost Per Unit= Cost of Goods Sold=: Ending Inventory 74 77 Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $1,400.00 Gross Profit %= Sheet1 Sheet2 Sheet3

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