Ex2\ Determine the missing amounts in each the following independent cases: Data حدد المتالغ المفقودة في كل من الحالات المستقلة التالية Case A Inventory I\1 Inventory 31\12 Purchases of raw material Direct material used Case B Case C 20,000 15,000 30,000 85,000 95,000 100,000 90,000 100,000 70,000 Direct labor Manufacturing overhead Total manufacturing Inventory work in process I\I Inventory work in process 31\12 Cost of goods manufacturing Inventory finished goods I\I Cost of goods available for sale Inventory finished goods 31\12 Cost of goods sold 125,000 160,000 340,000 250,000 520,000 35,000 345,000 20,000 35,000 5,000 350,000 525,000 50,000 40,000 370,000 25,000 545,000 330,000 480,000 مبباں 255,000 170,000 75,000 Sales Gross profit Selling and administrative expenses following data refer to the Fresno fashions co. for the year 2016

Ex2\ Determine the missing amounts in each the following independent cases: Data حدد المتالغ المفقودة في كل من الحالات المستقلة التالية Case A Inventory I\1 Inventory 31\12 Purchases of raw material Direct material used Case B Case C 20,000 15,000 30,000 85,000 95,000 100,000 90,000 100,000 70,000 Direct labor Manufacturing overhead Total manufacturing Inventory work in process I\I Inventory work in process 31\12 Cost of goods manufacturing Inventory finished goods I\I Cost of goods available for sale Inventory finished goods 31\12 Cost of goods sold 125,000 160,000 340,000 250,000 520,000 35,000 345,000 20,000 35,000 5,000 350,000 525,000 50,000 40,000 370,000 25,000 545,000 330,000 480,000 مبباں 255,000 170,000 75,000 Sales Gross profit Selling and administrative expenses following data refer to the Fresno fashions co. for the year 2016

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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[The following information applies to the questions displayed below.] 4 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost 80 units e $50.60 per unit 215 units A $55.60 per unit Units Sold at Retail March 1 Beginning inventory Purchase March 5 March 9 Sales 240 units e $85.60 per unit March 18 Purchase Purchase 75 units @ S60.60 per unit 130 units @ $62.60 per unit March 25 March 29 Sales 110 units @ $95.60 per unit ces Totals 500 units 350 units Problem 5-1A (Algo) Part 1
tlon 9- Ch 8 Den x dex.html?_con%3Dcon&external_browser%3D0&launchUrl3Dhttps%253A%252F%252Fblackboard.american.edu%2... ☆ Bb Class Example emonstration Problems i Launch Meeting-Zoc x CWIFI Landing Pag Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Saved Help Aug.1 Inventory on hand-2,000 units; cost $5.30 each. B Purchased 8,000 units for $5.50 cach. 14 Sold 6,000 units for $12.00 each. 18 Purchased 6,000 units for $5.60 cach. 25 Sold 7,000 units for $11.00 each. 28 Purchased 4,000 units for $5.80 each. 31 Inventory on hand-7,000 units. Save & Exit Su Required: Using calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using each of the following cost flow methods. Complete this question by entering your answers in the tabs below. FIFO LIFO…
* 00 5. w/ 2. Sraw-Hill Connect Question 2- Ch 5B Assign C X Inventory Costing Under a Per x bRw/Question 2- Ch 5B Assign x Inbox (331)- mshimek13@gma A ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252FIlms.mheducation.com%252Fmç Upgrad- M Gmail YouTube Translate O N Netflix - Watch TV... WebAssign Quizlet Adobe Acrobat ex... M Question Mode: M... and Live Ch 5B Assign 6 [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 250 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Part 2 of 3 Date Activities Units Acquired at Cost 165 units Units sold at Retail Beginning inventory January 1 January 10 January 20 January 25 January 30 $9.00 = $ 1,485 Sales 125 unitS…
g - EC X b cengage mindtao - B X b cengage mindtap - B x * My Home * CengageNOWv2 | O X cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSes... The following journal entry was included in the accounting records of Jentzen Corp.: Oct. 15 Accounts Payable 4,000 Merchandise Inventory 40 Cash 3,960 Based on this information, it is likely that the company: Oa. Sold inventory for cash. Ob. Paid for inventory purchased on credit, and took advantage of a 1% purchase discount. Oc. Purchased inventory for cash. Od. Collected cash for inventory sold on credit, and recognized a 1% sales discount.
Baghdad Univercity Higher Institute of Accounting and Finuncial studies Departmet of Acounting studies The Second Stage /cost and Administrative A cc- Finaricial Accouniting Dr. Wafea AL. Haidari Q: The Following Information is avalable from Iraq Coimpanly unit uni! C-st January I, 2018 Beginning Inventory Purchases : February 10, 2018 Februany 20, 2018 March 1200 $16 メ18 ス。 $ 22 $24 on April 30, s018, shows 3ece uits 22 00 2600 10, 2013 1600 April Aphysical Inventory on hand. Instructions :- 25, r018 1200 Assuming Iraq Co. Uses a periadic system, Prepare Schedules to Compute the Ending Inventory al Aprilso, 2018 under each of the Following Invertory methads (round to two decimal places). a. Specific Identification. b. FIFO C Weighted Average. Under (a), 8∞ units from the beginning Inventary are on hand and 2200 from the February 10, pwchae ae on hand O O
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/
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
.ll Verizon LTE 11:41 AM 1 0 77% AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Leaming Close Window Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item Foxtrot are as follows: Mar. 1 Inventory 270 units at $18 Sale 225 units 15 Purchase 375 units at $20 27 Sale 240 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on March 27 and (b) the inventory on March 31. a. Cost of merchandise sold on March 27 %24 b. Inventory on March 31 4. PE.07-04B O eBook Show Me How Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 300 units at $8 13 Sale 175 units 22 Purchase 375 units at $10 29 Sale 280 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer…
BUS 207 - Principles of Accounting IHomework Assignment 6Chapter 7The units of an item available for sale during the year were as follows:Jan. 1 Inventory 50 units at $115Feb. 17 Purchase 88 units at $140July 21 Purchase 35 units at $128Nov. 23 Purchase 15 units at $155There are 75 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost by (a) the first-in, first-out method, (b) the last-in, first-out method, and (c) the average cost method.
ule Three Assignment - ACC X A My Home * CengageNOWv2 | Online teachir x m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%=&inprogre. eBook 4 Show Me How Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 76 units @ $17 7 Sale 51 units 15 Purchase 69 units @ $18 24 Sale 32 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 1,418 X b. Inventory on October 31 1,116 V Feedback Check My Work a. When the FIFO method is used, costs are included in cost of goods sold in the order in which they were purchased. Think of your inventory in terms of "layers". Determine how much inventory remains from each layer after each sale. b. The ending inventory is made up of the most recent purchases Previous Next Check My Work 10:40 AM (?)…
A e Y Vo) LTE l| 48% A 06:48 Question 8/10 A company that sells transmogrifiers uses FIFO for its inventory accounting. It had 100 transmogrifiers in Inventory on 12/31/2011 with a total cost of $160,000. The company bought 50 transmogrifiers costing $90,000 on 3/3/12; another 50 transmogrifiers costing $100,000 on 6/6/12; and another 100 transmogrifiers costing $250,000 on 9/9/12. During 2012, the company sold 175 transmogrifiers. What was Cost of Goods Sold during 2012? $350,000 $250,000 $300,000 $160,000 $260,000 NEXT O O O O O
KS Module Three Assignment - AC * CengageNOwv2 | Online teachir ngagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre.. еВook Show Me How Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 76 units @ $17 7. Sale 51 units 15 Purchase 69 units @ $18 24 Sale 32 units perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the Assuming inventory on October 31. a. Cost of goods sold on October 24 b. Inventory on October 31 Check My Work Previous Next 6:38 AM 45°F 11/13/2021