Problem 2what is the total inventory value of the following products?Physical InventoryType of Product:Month:Amount inProductUnitPurchase CostTotal CostStorageGround Beef10-lb bag6 bags$2.10/lbCanned Peaches6 #10/cs3-5/6 cs$39.40/csFlour50 lb2 bags$22.10/bagShrimp10/5 lb per case3-8/10 cs$7.50/lbTotalWhat is the total value of the products?

The total inventory value is given below:

Answered: Gr Canr

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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Cost formula Information on Entity A's inventory of Product A is as follows: Units Unit Cost Total Cost P 58,650 Balance at Jan. 1 5. Info sho 3,000 P19.55 Lower o Purchases: Jan. 6 Jan. 26 Sales: 10,200 21.50 219,300 2,250 20.60 46,350 Purch Jan. 7 Jan. 31 Freig Sell 2,700 7,200 Fre 2. How much are the ending inventory and cost of sales under Ge the FIFO cost formula? Ending inventory a. 117,300 b. 120,300 Cost of sales 207,000 204,000 C. 121,300 d. 124,300 203,000 200,000 3. How much are the ending inventory and cost
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pvn.4 The following information pertains to inventory for a company:March 1Beginning inventory = 32 units @ $5.60March 3Purchased 21 units @ 4.30March 9Sold 29 units @ 8.10What is the cost of goods sold, assuming the company uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
1. 6 points Calculate the goods available for sale for Atlantis Company, in units and in dollar amounts, given the following facts about their inventory for the period: LO 10.1 Number of Units Cost per Unit Beginning inventory 140 $75 Purchased goods during the period 240 77 Sold goods during the period 80 125 Purchased goods during the period 220 80
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om/im/takeAssighmeny take rogress-tiue Applying the lower of cost or market to each item of inventory, what should the total inventory value be for the following items? Market Inventory Cost per Value per Total Total Item Quantity Unit Unit Cost Market A 300 $15.00 $14.50 $4,500 $4,350 В 200 $14.00 $15.00 $2,800 $3,000 100 $17.00 $17.50 $1,700 $1,750 a. $8,850 Оь. 59,000 Oc. $9,100 Od. $9,250 Previous Next>
Question #1 Unit cost/ Units Sales price Opening Inventory 2,000 3.70 Purchase #1 8,000 4.10 Sale #1 6,000 12.00 Purchase #2 5,000 4.30 Sale #2 3,000 12.00 Compute the following: a) Ending inventory (Perpetual) using FIFO. b) COGS (Perpetual) using moving weighted average. c) Ending inventory (Periodic) using weighted average.
vi.3
Please help me with show all calculation thanku
Help with Perpetual FIFO LIFO Weighted average and Specfic ID
22 PLEASE SOLVE!!

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