Date 1/1 2/4 2/20 4/2 11/4 (a) (b) (a) Transaction (b) Beginning inventory. Purchase Average-cost per unit $ (c) Sale (d) Purchase. eTextbook and Media Save for Later (e) Sale Your answer is incorrect. Quantity 1,600 Calculate average-cost per unit. (Round answer to 4 decimal places, eg. 2.7613) 2,600 3,100. 3,600 2,800 Periodic system, FIFO cost flow Price/Cost Compute cost of goods sold, assuming Skysong uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 a O decimal places, eg. 6,548.) Perpetual system, FIFO cost flow Periodic system, LIFO cost flow $14 Perpetual system, LIFO cost flow Periodic system, weighted average cost flow 22 Perpetual system, moving average cost flow 36 28 40 $ $ $ $ Attempts: 1 of 5 used Cost of goods sold

Date 1/1 2/4 2/20 4/2 11/4 (a) (b) (a) Transaction (b) Beginning inventory. Purchase Average-cost per unit $ (c) Sale (d) Purchase. eTextbook and Media Save for Later (e) Sale Your answer is incorrect. Quantity 1,600 Calculate average-cost per unit. (Round answer to 4 decimal places, eg. 2.7613) 2,600 3,100. 3,600 2,800 Periodic system, FIFO cost flow Price/Cost Compute cost of goods sold, assuming Skysong uses: (Round average cost per unit to 4 decimal places, eg. 2.7631 a O decimal places, eg. 6,548.) Perpetual system, FIFO cost flow Periodic system, LIFO cost flow $14 Perpetual system, LIFO cost flow Periodic system, weighted average cost flow 22 Perpetual system, moving average cost flow 36 28 40 $ $ $ $ Attempts: 1 of 5 used Cost of goods sold

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Description: sh5please help meThankyou Date1/12/42/204/211/4(a)(b)(a)TransactionAverage-cost per unit. $(b)Beginning inventoryPurchase(c)SaleeTextbook and Media(d)PurchaseSave for Later(e)Sale(f)Your answer is incorrectQuantity Price/Cost1,600Calculate average-co

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 11PA: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,...

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Similar questions

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 weighted average (AVG).
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 first-in, first-out (FIFO).
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).
Use the weighted-average (AVG) 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.
Suppose the following:Beginning Inventory = 11257Ending Inventory= 12407Beginning Receivables = 6167Ending Receivables = 6879Beginning Payables = 8498Ending Payables = 8829Credit Sales = 93480Cost of Goods Sold = 72325Calculate the following (round final answers to 2 decimal places):Operating Cycle = daysCash Cycle = days
a3. & b.
inventory as your base numper and adjust the couss amount to the required amount to make the Total Goods Available for Sale to the total of the Value of the ending inventory and the COGS total. Negative value should be indicated with minus sign. Round your intermediate and final answers to 2 decimal places.) \table[[Date,, \table [[Purchases/Transportation - In /], [(PurchaseReturns/Discounts)]], \table [[Cost of Goods Sold/(Returns to], [Inventory)]], Balance in Inventory], [Units, Cost/Unit, Total $, Units, Cost/Unit, Total $, Units, \table[[Avg], [ Cost/Unit]], Total $], [Mar., Brought Forward,,r, 61, $, 93.00, $, 5, 673.00 Telamark Company uses the moving weighted average method for inventory costing. Required: The following incomplete inventory sheet regarding Product W506 is available for the month of March 2023. Complete the inventory sheet. (Use the value of the ending inventory as your base number and adjust the COGS $ amount to the required amount to make the Total Goods…
Cont of pictures: Calculate gross profit rate under each of the following methods 1. LIFO 2. FIFO 3. Average-cost (Round answers to 1 decimal place, e.g. 51.2%)
What is the correct ending balance of Inventory under the LIFO method given the following information? Beginning Inventory: 35 units @€17, Purchase 1: 10 units @€22, Purchase 2: 15 units @€35, Ending Inventory: 40 units. Assume that the sale occurs after all inventory purchases. Answer: X
Wildhorse Co. is a retailer operating in Calgary, Alberta. Wildhorse uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Wildhorse for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 150 $ 20 Jan. 2 Purchase 100 21 Jan. 6 Sale 180 42 Jan. 9 Purchase 70 25 Jan. 10 Sale 60 42 Jan. 23 Purchase 112 26 Jan. 30 Sale 128 49
Sheffield Company had a beginning inventory on January 1 of 190 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 450 units at $23 Sept. 4 350 units at $25 July 20 230 units at $24 Dec. 2 100 units at $26 1,100 units were sold. Sheffield Company uses a periodic inventory system. Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale 24 31,020 eTextbook and Media Attempts: 1 of 3 used (b1) Your answer is correct. Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 1.250.) Average cost per unit $. 23.5
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