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Formula: Multiply; Cell Referencing Q R Using Excel to Determine Ending Inventory Student Work Area PROBLEM In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: Required: Provide input into cells shaded in yellow in this template. Use a cell references and mathematical formulas for calculations. Purchase $ Units Unit Cost 300 at $ 6.00 Compute the cost of the ending inventory under the 400 at 24 8.00 FIFO method a. 500 at 24 9.00 Units Unit Cost Total Cost McLanie uses a periodic inventory system. It also provided the following information: Answer Field 25% of your score. Formula: Multiply; Cell reference Input a mathematical formula with a cell reference to amounts in this work area. FIFO 200 Compute the cost of the ending inventory under the 6 Units on hand 200 b. LIFO method 7 8 Units Unit Cost Total Cost 19 LIFO 200

Formula: Multiply; Cell Referencing Q R Using Excel to Determine Ending Inventory Student Work Area PROBLEM In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: Required: Provide input into cells shaded in yellow in this template. Use a cell references and mathematical formulas for calculations. Purchase $ Units Unit Cost 300 at $ 6.00 Compute the cost of the ending inventory under the 400 at 24 8.00 FIFO method a. 500 at 24 9.00 Units Unit Cost Total Cost McLanie uses a periodic inventory system. It also provided the following information: Answer Field 25% of your score. Formula: Multiply; Cell reference Input a mathematical formula with a cell reference to amounts in this work area. FIFO 200 Compute the cost of the ending inventory under the 6 Units on hand 200 b. LIFO method 7 8 Units Unit Cost Total Cost 19 LIFO 200

FINANCIAL ACCOUNTING
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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Formula: Multiply; Cell Referencing N R Using Excel to Determine Ending Inventory Student Work Area PROBLEM In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: Required: Provide input into cells shaded in yellow in this template. Use a cell references and mathematical formulas for calculations. Purchase $ Units Unit Cost 1 300 at $ 6.00 Compute the cost of the ending inventory under the 400 at $ 8.00 a. FIFO method 1 3 500 at 2$ 9.00 2 Units Unit Cost Total Cost 3 McLanie uses a periodic inventory system. It also provided the 4 following information: .5 16 Answer Field 25% of your score. Formula: Multiply; Cell reference. Input a mathematical formula with a cell reference to amounts in this work area. FIFO 200 Compute the cost of the ending inventory under the Units on hand 200 b. LIFO method 17 18 Units Unit Cost Total Cost 19 LIFO 200 20
Transcribed Image Text:Formula: Multiply; Cell Referencing N R Using Excel to Determine Ending Inventory Student Work Area PROBLEM In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: Required: Provide input into cells shaded in yellow in this template. Use a cell references and mathematical formulas for calculations. Purchase $ Units Unit Cost 1 300 at $ 6.00 Compute the cost of the ending inventory under the 400 at $ 8.00 a. FIFO method 1 3 500 at 2$ 9.00 2 Units Unit Cost Total Cost 3 McLanie uses a periodic inventory system. It also provided the 4 following information: .5 16 Answer Field 25% of your score. Formula: Multiply; Cell reference. Input a mathematical formula with a cell reference to amounts in this work area. FIFO 200 Compute the cost of the ending inventory under the Units on hand 200 b. LIFO method 17 18 Units Unit Cost Total Cost 19 LIFO 200 20
Formula: Multiply; Cell Referencing Student Work Area Required: Provide input into cells shaded in yellow in this template. Use a cell references and mathematical formulas for 3Using Excel to Determine Ending Inventory PROBLEM 5 In its first month of operations, McLanie Company made three 6 purchases of merchandise in the following sequence: calculations. 7 Unit Cost $ 8 Purchase $ Units 1 300 at 6.00 Compute the cost of the ending inventory under the 400 at 24 8.00 a. FIFO method 10 500 at 24 9.00 11 Units Unit Cost Total Cost 12 13 McLanie uses a periodic inventory system. It also provided the 14 following information: FIFO 200 Compute the cost of the ending inventory under the 15 Units on hand 200 b. LIFO method 16 17 Units Unit Cost Answer Field 25% of your score. Cell reference. Input a cell reference to the Problem area. 18 LIFO 200 19 20 21
Transcribed Image Text:Formula: Multiply; Cell Referencing Student Work Area Required: Provide input into cells shaded in yellow in this template. Use a cell references and mathematical formulas for 3Using Excel to Determine Ending Inventory PROBLEM 5 In its first month of operations, McLanie Company made three 6 purchases of merchandise in the following sequence: calculations. 7 Unit Cost $ 8 Purchase $ Units 1 300 at 6.00 Compute the cost of the ending inventory under the 400 at 24 8.00 a. FIFO method 10 500 at 24 9.00 11 Units Unit Cost Total Cost 12 13 McLanie uses a periodic inventory system. It also provided the 14 following information: FIFO 200 Compute the cost of the ending inventory under the 15 Units on hand 200 b. LIFO method 16 17 Units Unit Cost Answer Field 25% of your score. Cell reference. Input a cell reference to the Problem area. 18 LIFO 200 19 20 21
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