June 4June 11June 18June 25UnitsReceived30A. $2.46C. $2.42805040UnitCostYou sell 100 units in$2.80 June. Calculate the costof goods sold usingfirst-in, first-out.$2.20$2.40$2.60B. $2.38LESSON 6-8 LESSON 1-5 LESSON 9-utressibility investigateD. $2.20Copyright © 2003-2022 International Academy of Science. All RightsReserved.+O

By using the first-in and first-out concept, the quantity or balance of the stock at the beginning…

Answered: June 4 June 11 June 18 June 25 Units…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Exercise 5-3A (Algo) Allocating product cost between cost of goods sold and ending inventory: multiple purchases LO 5-1 Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 70 units at $30 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 162-unit purchase at $34 per unit; the second was a 200-unit purchase at $36 per unit. During the period, it sold 276 chairs. Required Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses: a. FIFO. b. LIFO. c. Weighted average. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B1 Req B2 Req C Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO. Total FIFO Units @ @ @ Unit Cost 0
Done Jedi Knights_Prob.pdf Q Problem Jedi Knights purchases and sells light-sabers. The accounting records shows the following data related to its light saber purchases. Item Beginning inventory Purchases Purchases Date March 1 March 16 March 27 Units 200 600 400 Unit Cost $150 160 170 Required: Show your work! 1.) What is the cost of goods available for the company? $ D Total Cost $30,000 96,000 68,000 On March 18, Jedi Knights sold 450 light sabers for $175 each. On March 31, Jedi Knights sold another 450 units at $180 each. Assume a perpetual inventory system. 2.) Using the FIFO costing method, what is the cost of ending inventory? $ 3.) Using the LIFO costing method, what is the cost of the ending inventory? $ 4.) Using the weighted average method, what is the cost of the ending inventory? $ Round average cost per unit to two decimals and final answer to the nearest dollar 5.) What will be the company's gross profit for March (under the FIFO method)? $
CALCULATOR FULL SCREEN PRINTER VERSION 1 BACK NEXT CES Exercise 6-09 a1,a2, b (Part Level Submission) а-с Moath Company reports the following for the month of June. a- Units Unit Cost Total Cost art June 1 Inventory 200 $5 $ 1,000 12 Purchase 400 6. 2,400 on) 23 Purchase 300 7 2,100 30 Inventory 100 udy (a1) MYour answer is correct. Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost 6.11 SHOW SOLUTION LINK TO TEXT
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55 pcs 125 pcs 100 pcs Given: 60 cans inventory for 3 months A. Find the cost of goods sold for 60 units that left in FIFO? Find the cost of goods sold for 60 units that left in LIFO? C. Find the cost of goods sold for 60 units using average cost? B. January February March $50 $55 $75
Question 8 0.5 points Save Answer Jlo uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: Beginning Inventory (Jan.1) 16 units @ $11 each 14 units @ $18 each Purchase Jan. 11 Purchase Jan. 20 23 units @ $22 each On January 24, the company sold 25 units of this product. The other 28 units remained in inventory at January 31. Assuming average cost flow, the total value of ending inventory at January 31 is: Round ONLY your final answer to the nearest dollar. GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING $ SIGN Moving to another question will save this response. <
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Cost flow methodsThe following three identical units of Item P401C are purchased duringApril: Item Beta Units Cost April 2 Purchase 1 $100 15 Purchase 1 120 20 Purchase 1 140 Total 3 $360 Average cost per unit $120 ($360 / 3 units) Assume that one unit is sold on April 27 for $300.Determine the gross profit for April and ending inventory on April 30using the (A) first-in, first-out (FIFO); (B) last-in, first-out (UFO); and (C)weighted average cost methods.
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220 units at $50 each answer only last two subparts with proper formulas thanks

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June 4 June 11 June 18 June 25 Units Received 30 80 A. $2.46 C. $2.42 50 40 Unit Cost You sell 100 units in $2.80 June. Calculate the cost of goods sold using first-in, first-out. $2.20 $2.40 $2.60 B. $2.38 D. $2.20