Filimonov Inc. has the following information related to purchases and sales or one of its inventory items. Units Purchased at Cost Units Sold at Retail 160 units @ $14 = $2,240 230 units @ $17 = $3,910 Date June 1 Description Beginning inventory Purchase 1 9 14 22 29 Sale 2 225 units @ $25 Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Sale 1 Purchase 2 Open spreadsheet 270 units @ $19 = $5,130 340 units @ $25 Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method. Cost of goods sold Cost of ending inventory

Filimonov Inc. has the following information related to purchases and sales or one of its inventory items. Units Purchased at Cost Units Sold at Retail 160 units @ $14 = $2,240 230 units @ $17 = $3,910 Date June 1 Description Beginning inventory Purchase 1 9 14 22 29 Sale 2 225 units @ $25 Refer to the information for Filimonov Inc. and assume that the company uses a perpetual inventory system. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Sale 1 Purchase 2 Open spreadsheet 270 units @ $19 = $5,130 340 units @ $25 Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method. Cost of goods sold Cost of ending inventory

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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Ch1 Question 2: A long-text entry will be truncated if the cell to the right is in use. Answer: A. True B. False Question 1: Which of these is true about using Undo? Answer: A. It can only be used in certain circumstances. B. Previous actions can be undone in any order. C. The Redo command must be used before the Undo command is available. D. The user must be aware of those commands that cannot be undone, as Excel will not provide any indication of these.
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Required information [The following information applies to the questions displayed below.] Consider the following narrative describing the process of filling a customer's order at a Starbucks branch: Identify the start and end events and the activities in the following narrative, and then draw the business process model using BPMN: the Starbucks customer entered the drive-through lane and stopped to review the menu. He then ordered a Venti coffee of the day and a blueberry muffin from the barista. The barista recorded the order in the cash register. While the customer drove to the window, the barista filled a Venti cup with coffee, put a lid on it, and retrieved the muffin from the pastry case and placed it in a bag. The barista handed the bag with the muffin and the hot coffee to the customer. The customer has an option to pay with cash, credit card, or Starbucks gift card. The customer paid with a gift card. The barista recorded the payment and returned the card along with the…
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