Help solving problem s Math (O/OL/ XAssignment iQuestion 15 - Chapter 18 Assign: XS://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheGiven the following:January 1 inventoryApril 1June 1November 1Cost of ending inventoryCost of goods solde to searchNumberpurchased61E C+249Costper unit$378a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 72 units).SavedTotal$ 153426427b. Calculate the cost of goods sold using the FIFO (ending inventory shows 72 units).< Prev$ 1,534akan kepada para B15 of 450340Next >

Given the following: January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased 51 71 61 66 249 Cost of goods sold Cast per unit $3 6 7 8 Total 153 426 427 528 $ 1,534 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 72 units). $ b. Calculate the cost of goods sold using the FIFO (ending inventory shows 72 units).

Given the following: January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased 51 71 61 66 249 Cost of goods sold Cast per unit $3 6 7 8 Total 153 426 427 528 $ 1,534 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 72 units). $ b. Calculate the cost of goods sold using the FIFO (ending inventory shows 72 units).

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter3: Setting Up A New Company

Section: Chapter Questions

Problem 3.4C

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CengageNOWV2| Onlin X 19 R PASS A https://N2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%-false Chapter 7 - Practice Exercises 日 eBook Show Me How Calculator Print Item 1. PE 07-01 ALGO Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods 12 2 PE07-02.ALGO The units of an item available for sale during the year were as follows: 3. PE 07-03 ALGO Jan. 1 Inventory 15 units at $43 $645 Purchase 15 units at $45 675 Aug. 7 4 PE O07-05 ALGO Dec. 11 Purchase 11 units at $46 90S 5. PE07-06 ALGO 41 units $1,826 6. PE.O7-08 ALGO There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per unit cost to two decimal 7. PE07-04A places and your final answer to the nearest whole dollar). 8. PEO7-07A…
S Module Three Assignment - ACC X * CengageNOWv2 | Online teachin x now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. * O eBook Show Me How Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jan. 1 Inventory 100 units @ $28 8. Sale 80 units 15 Purchase 111 units @ $32 27 Sale 93 units Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Jan. 27 and (b) the inventory on Jan. 31. a. Cost of goods sold on Jan. 27 b. Inventory on Jan. 31 (Previous Check My Work 6:33 AM A 45°F ヘロ回ロ 11/13/2021 prt sc delete home ho A 144 40 af- + backspace 9.
education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlewa Prin X M Question 4 - Chapter 5, Assign X Maps Porter's Five Forc... signment 2 8 January 1 April 1 October 1 The following information pertains to the inventory of Parvin Company during Year 2. 300 units @ $37 2,900 units @ $42 500 units @ $45 During Year 2, Parvin sold 3,500 units of inventory at $80 per unit and incurred $46,000 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30 percent income tax rate. Parvin started the period with cash of $84,000, inventory of $11,100, common stock of $59,000, and retained earnings of $36,100. FIFO General Journal Required a. Record the above transactions in general journal form and post to T-accounts using (1) FIFO and (2) LIFO. Use a separate set of journal entries and T-accounts for each method. Beginning Inventory…
Question 9- Inventory and Over X + heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.muskegoncc.edu%252Fwebap Duss k at and Overload Homework (Ch. 18) i int D rences Hill BbThread: Persuasive Essay-20225 X O Gmail YouTube Maps MY MCC Cost of ending inventory A sneaker outlet has made the following wholesale purchases of new running shoes: 12 pairs at $44.70 on October 1, 25 pairs at $39.70 on October 8, and 20 pairs at $49.70 on October 15. An inventory taken last week indicates that 25 pairs are still in stock. Calculate the cost of this inventory by FIFO. Prev Saved 9 of 12 Next >
M Question 4-CH https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F... Q 37 ACG3343 2023 X M Question 3-Chapter X GEN Exercises Homework i Required Information [The following information applies to the questions displayed below.] Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs Check my work mode: This shows what is correct or Incorrect for the work you have completed so far. It doe Annin Laboratories uses the FIFO method to account for its work-in-process Inventories. The accounting records show the following Information for February: Cost of goods transferred out Cost of ending inventory 9 Quantity Information is obtained from the manufacturing records and includes the following: Beginning inventory Current period units started Ending inventory F2 Answer is complete but not entirely correct. $ 181,069 X Is $ 115,010 X $ 29,053 9,355 Compute the cost of goods transferred…
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
¢ iCloud x Q Accounti x Norfolk S x Q CIS Test : xb Answere x Week 6 - X Paraphra x BLOG 31 X + ignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ☆ Tp Upo Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 7 units @ $42 Feb. 17 Purchase 9 units @ $44 Jul, 21 Purchase 4 units @ $45 Nov. 23 Purchase 18 units @ $46 There are 7 units of the item in the physical inventory at December 31. The periodic inventory system is used. Round average unit cost to the nearest cent and final answers to the nearest whole dollar, if required. a. Determine the inventory cost by the first-in, first-out method. b. Determine the inventory cost by the last-in, first-out method. C. Determine the inventory cost by the weighted average cost method. %24 %24
Question 6- Inventory and Over X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.muskegoncc.edu%252Fwebapps% mation buss Gmail 6 nts eBook ntory and Overload Homework (Ch. 18) i ✔ Print References F ny Mc Graw X tra ww hers Thread: Persuasive Essay-20225 x YouTube Beginning inventory and purchases January 1 April 10 May 15 July 22 August 19 From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 57 units. (Round your answers to the nearest cent.) Maps MY MCC September 30 November 10 December 15 Cost of ending inventory Cost of goods sold Units 4 11 11 16 17 21 31 17 Unit cost $ 2.80 3.30 3.80 4.05 4.80 5.00 5.20 5.60 - O a
Module Three Assignment - ACC X * CengageNOWv2 | Online teachin x w.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre... to O eBook 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 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 Check My Work Previous Next 7:13 AM 45°F…
%24 %24 ENOWV2 | Online teachin X "ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator%3D&i !! Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 25 units @ $12 5 Sale 13 units 17 Purchase 27 units @ $13 30 Sale 17 units Assuming a perpetual inventory system and the last-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30.
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