Bookmarks Window Help Thu De v2.cengagenow.com cent Tech. B Learning Module 8 - ACCT1105: Financial Acc. E CengageNOWv2 | Ontine teaching and learnin... Cengage Learning еВook Show Me How 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 days

Bookmarks Window Help Thu De v2.cengagenow.com cent Tech. B Learning Module 8 - ACCT1105: Financial Acc. E CengageNOWv2 | Ontine teaching and learnin... Cengage Learning еВook Show Me How 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 days

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Description: BookmarksWindow HelpThu DeA v2.cengagenow.comscent Tech..BLearning Module 8- ACCT1105: Financial Ac..E CengageNOwWv2 | Onltine teaching and learnin..Cengage LearningeBookShow Me HowInventory AnalysisA company reports the following:Cost of merchandis

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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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/
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $14 11 Purchase 14 units @ $15 14 Sale 26 units 21 Purchase 14 units @ $19 25 Sale 14 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using FIFO. Cost of Inventory Purchases Goods Sold Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 20 %24 14 11 14 15 20 $4 14 14 %24 $ 15 14 20 14 $ 21 14 19 24 %24 25 Total Cost of goods sold Ending inventory value
Display Financial Statement What is the G/L account number for Inventory-Suspense (Heaven)? Please use the following: company code = US00, Ledger 0L = (Leading Ledger), Statement Version = G000, Statement Type = Normal (Actual – Actual), End Period = 8/ 2020, Comparison End Period = 1 /2016, currency = US00. Select one: A. 200500 B. 200532 C. 200200 D. 202422
7:30 S&WYDO □ E6A-27 Computing periodic inventory amounts Learning Objective 7 Appendix 6A ::: e6a-27 Consider the data of the following companies which use the periodic inventory system: Company Net Large Small Medium Petite Sales Revenue $ 105,000 Requirements. (b) 96,000 80,000 Beginning Net Cost Merchandise of Inventory $ 23,000 $ 59,000 27,000 (d) Purchases 8,000 94,000 58,000 366/ 1480 QAA (f) Ending Merchandise of Inventory Cost Goods Sold 5G l 69% $ 22,000 $ (a) Gross Profit $ 45,000 (c) 99,000 40,000 24,000 68,000 (e) 6,500 (g) 44,000 IG b III O < ×
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A and b please
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Recording Inventory ActivitiesPerpetual SystemQuestion 1: Shipped merchandise that cost us $790 to a customer for $1050. The customer agreed to pay us in 30 days.Dr Account Dr AmountCr Account Cr AmountDr Account Dr AmountCr Account Cr Amount
Please only answer parts a+b