FULL SCREENPRINTER VERSIONNEXTOURCESDo It! Exercise 6-02 a-cvork5-02 a-d5-04 a-elThe accounting records of Americo Electronics show the following data.Beginning inventory 3,000 units at $5Purchases8,000 units at $7-C (Partn.L.a2, bmission)Sales9,400 units at $10X Your answer is incorrect. Try again.y StudyDetermine cost of goods sold during the period under a periodic inventory system using the FIFO method.(Round answer to 0 decimal places, e.g. 1,250.)FIFOwwwwwwwwwwwwww..Cost of goods sold during the periodLINK TO TEXTX Your answer is incorrect. Try again.eement | Privacy Policy | © 2000-2021 John Wiley & Sons. Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.21.1 CALCULATORFULL SCREENPRINTER VERSION1 BACKNEXTSOURCESX Your answer is incorrect. Try again.ework= 6-02 a-ce 6-04 a-velDetermine cost of goods sold during the period under a periodic inventory system using the LIFO method.(Round answer to 0 decimal places, e.g. 1,250.)а-с (Partion)al,a2, bbmission)LIFOCostgoods sold during the periodby StudyLINK TO TEXTX Your answer is incorrect. Try again.Determine cost of goods sold during the period under a periodic inventory system using the average-costmethod. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to 0 decimalplaces, e.g. 1,250.)Average-costCost of goods sold during the periodreement | Privacy Policy | © 2000-2021 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.21.1

Solution 1- Calculation Cost of good sold under…

Answered: Do It! Exercise 6-02 a-c The accounting…

Do It! Exercise 6-02 a-c The accounting records of Americo Electronics show the following data. Beginning inventory 3,000 units at $5 Purchases 8,000 units at $7 Sales 9,400 units at $10

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter18: Cost-volume-profit Analysis (cvp)

Section: Chapter Questions

Problem 2R: Open the file CVP from the website for this book at cengagebrain.com. Enter the formulas where...

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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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CALCULATOR FULL SCREEN PRINTER VERSION ( BACK URCES rk Do It! Exercise 6-02 a-c D2 a-c 04 a- The accounting records of Americo Electronics show the following data. Beginning inventory 3,000 units at $5 Purchases 8,000 units at $7 (Part Sales 9,400 units at $10 a2, b ssion) M Your answer is correct. Study Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. (Round answer to 0 decimal places, e.g. 1,250.) FIFO Cost of goods sold during the period 59,800 SHOW SOLUTION LINK TOΤΕXΤ
Journalize this transaction: Purchased from Kraft Co. $4,000 of inventory on account. Edit View Insert Format Tools Table 12pt v Paragraph |BIUAV O words MacBook Pro On-line F En ACCT 101 One Test O 10611 As Aes ferret Oul tntiers
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ignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator3&inprogress%=false ParaphraX BLOG 31 X + Pierce Company sold mnerchandise to Stanton Company on account FOB shipping point, 2/10, net 30, for $10,800. Pierce prepaid the $215 shipping charge. Which of the following entries does Pierce make to record this sale? a. Accounts Receivable-Stanton, debit $10,584; Sales, credit $10,584, and Accounts Receivable-Stanton, debit $215; Cash, credit $215 Ob. Accounts Receivable-Stanton, debit $10,800; Sales, credit $10,800, and Delivery Expense, debit $215; Cash, credit $215 Oc. Accounts Receivable-Stanton, debit $10,800; Sales, credit $10,800 Od. Accounts Receivable-Stanton, debit $11,015; Sales, credit $11,015 Nex Previous Submit Test for C Email Instructor All work saved. 64"F へ回目急后 99+
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laun OPI=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab_tab dexternal_browser%3U From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2020. Ending merchandise inventory was $5,300 for the year. Cash Prepaid rent Prepaid insurance Office equipment (net) $ 7,300 2,250 5,300 6,300 Accounts payable Salaries payable Note payable (long term) P. Bach, capital* $ 2,450 2,250 9,300 12,450 *What the owner supplies to the business. Replaces common stock and retained earnings section. BACH CRAWLERS Balance Sheet December 31, 2020 Assets Liabilities Current assets: Current liabilities: Total current assets Total current liabilities Long-term liabilities: Total liabilities Plant and equipment: Owner's Equity 回可可 acer
The following data are taken from the financial statements: Current Year Preceding Year Sales $3,600,000 $4,000,000 Cost of goods sold 2,000,000 2,700,000 Beginning inventory 372,000 352,000 Inventory, end of year 390,000 372,000 a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. 1. The inventory turnover: (If required, round your answers to one decimal place.) Current Year Preceding Year 2. The number of days' sales in inventory: Assume a 365-day year. (Round your intermediate calculation to whole number and final Current Year days Preceding Year days b. Comment on the favorahle an
VVIICH UI the TVWO TmetiTIOUS UC you pTeter affa wiry: P8-4 (LO3) EXCEL (Compute FIFO, LIFO, and Average-Cost) Hull Company's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 100 @ $5.00 April 5 300 400 @ 5.10 12 200 11 300 @ 5.30 27 800 18 200 @ 5.35 28 150 26 600 @ 5.60 30 200 @ 5.80 Instructions (a) Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. Carry unit costs to the nearest cent. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost.