JUSSX BbThread: Persuasive Essay-20225 Xmeducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fblackboard.muskegoncc.edu%252Fwebapps%252Gmail YouTube Maps MY MCCand Overload Homework (Ch. 18) i7Book=Print5ReferencesGiven the following:74"FSunnyJanuary 1 inventoryApril 1June 1November 1McGrawHillExtraRefreshersCost of ending inventoryNumberpurchasedQuestion 2 - Inventory and Over X36564651189RefreshersCostper unit.$58910Total$ 180448a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 57 units). (Round the "averageunit cost" and final answer to the nearest cent.)+414510$ 1,552b. Calculate the cost of goods sold using the weighted-average method. (Round your intermediate calculations and final answer tothe nearest cent.)Cost of goods soldSavedH O< Prev2 of 12EEINTRANext >9

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Inventory Units Cost per unit Amount Beginning Inventory 36 5 180 Apr 01 Purchases 56 8 448…

Business

Accounting

ok int Given the following: erences January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased. 36 56 46 51 189 Cost per unit Cost of goods sold $5 8 9 10 Total 180 448 414 510 $1,552 a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 57 units). (Round the "average unit cost" and final answer to the nearest cent.) $ b. Calculate the cost of goods sold using the weighted-average method. (Round your intermediate calculations and final answer to the nearest cent.)

ok int Given the following: erences January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased. 36 56 46 51 189 Cost per unit Cost of goods sold $5 8 9 10 Total 180 448 414 510 $1,552 a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 57 units). (Round the "average unit cost" and final answer to the nearest cent.) $ b. Calculate the cost of goods sold using the weighted-average method. (Round your intermediate calculations and final answer to the nearest cent.)

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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Use the first-in, first-out (FIFO) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and (c) gross margin for A75 Company, considering the following transactions. Number Unit of Units Cost Beginning Inventory 110 $49 Purchased Mar. 2 170 51 Sold Mar. 31 for $70 per unit 87 (a) Sales Revenue (b) Cost of Goods Sold (c) Gross Margin $1 %24 %24
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Use the Inventory Table and the gross profit inventory method to estimate the ending inventory and cost of goods sold if a 42% gross profit on sales is realized and net sales are $1,451.52. Date of purchase Units purchased Cost per unitRetail price per unitBeginning inventory94$12$18 April 1224$8$11May 814$14$17 June 238$15$23The estimated cost of goods sold is $The estimated ending inventory is $ (Round to the nearest cent as needed.) (Round to the nearest cent as needed.)
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I need help with question C
Given the following: Numberpurchased Costper unit Total January 1 inventory 39 $ 5 $ 195 April 1 59 8 472 June 1 49 9 441 November 1 54 10 540 201 $ 1,648 a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 60 units). (Do not round intermediate calculations. Round your final answer to the nearest cent.) b. Calculate the cost of goods sold using the weighted-average method. (Use your rounded answer from Part a. Round your final answer to the nearest cent.)
Problem 1 of 2 (note additional problem below): Calculate the cost of goods sold dollar value and the value of ending inventory for En Cee Yo0 Company for the sale on March 11, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for (a) first-in, first-out (FIFO); (b) last-in, first-out (LIF0); and (c) weighted average (AVG). You must show your work and calculations--answers that are correct but do not show calculations are graded as a zero grade. Place your answers in the shaded cells. Number of Units Unit Cost 110 $ Beginning inventory, March 1 Purchased inventory, March 8 86 140 $ 90 Sold inventory for $110 per unit, March 11 95 If you use the FIFO method, the dollar value of COGS is → and the dollar value of ending inventory is- If you use the LIFO method, the dollar value of COGS is - and the dollar value of ending inventory is- If you use the Weighted Average method, the dollar value of…
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does nct indice Problem 6-3A Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost 660 units@ $60 per unit 330 units@ $57 per unit 110 units @ $45 per unit Units Sold at Retail Jan. 1 Beginning inventory Feb. 10 Purchase 13 Purchase 15 Sales 21 Purchas Mar. Mar. 715 units@ $70 per unit 160 units @ $65 per unit 570 units @ $61 per unit Aug. Sept. 5 Purchase Sept. 10 Sales 730 units @ $70 per unit Totals 1,830 units 1,445 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Answer is complete but not entirely correct. 2$ 20,133 Cost of goods available for sale Number of units available for sale 1,830 units Prev 1 of 3 Next >
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A. First In, First Out Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold .. ... B. Last In, First Out Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold ... ... C. Weighted Average Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold ... ...