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Hull Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 11 18 26 100 400 200 @ $5.00 300 @ 5.30 5.35 600 5.10 5.60 Sales April 5 12 300 28 200 27 800 150

Hull Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 11 18 26 100 400 200 @ $5.00 300 @ 5.30 5.35 600 5.10 5.60 Sales April 5 12 300 28 200 27 800 150

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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Hull Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 (a1) 11 18 26 30 100 400 300 eTextbook and Media 200 600 200 Weighted-average cost per unit $ $5.00 5.10 5.30 5.35 5.60 5.80 Sales April 5 12 27 28 300 200 800 Calculate the weighted-average cost per unit. (Round answer to 4 decimal places, e.g. 2.7682.) 150 Assistance Used
Transcribed Image Text:Hull Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 (a1) 11 18 26 30 100 400 300 eTextbook and Media 200 600 200 Weighted-average cost per unit $ $5.00 5.10 5.30 5.35 5.60 5.80 Sales April 5 12 27 28 300 200 800 Calculate the weighted-average cost per unit. (Round answer to 4 decimal places, e.g. 2.7682.) 150 Assistance Used
Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to O decimal places, e.g. 6,548.) Ending inventory $ (b) eTextbook and Media Save for Later Ending inventory $ (1) FIFO eTextbook and Media $ (1) FIFO If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to O decimal places, e.g. 6,548.) (2) LIFO $ $ (2) LIFO (3) Average-cost Attempts: 1 of 3 used Submit Answer $ (3) Average-cost
Transcribed Image Text:Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to O decimal places, e.g. 6,548.) Ending inventory $ (b) eTextbook and Media Save for Later Ending inventory $ (1) FIFO eTextbook and Media $ (1) FIFO If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to O decimal places, e.g. 6,548.) (2) LIFO $ $ (2) LIFO (3) Average-cost Attempts: 1 of 3 used Submit Answer $ (3) Average-cost
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