P3-8 Books of Rose Company-show followlng.deta.Dalo1:Nov -15-Nov25-NovTransacilonisBeginning Inventory.PurchasosSales @ P100 each"Unlts Unit CostP50P70702050.Roquired: Calculate the cost of goods sold and total value of.ending inventory under eachof the following: methods:FIFOа..b. LIFOMoving average 'costC.CS Scanned with CamScanner

Name: P3-8 Books of Rose Company-show followlng.deta.Dalo1:Nov -15-Nov25-No
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Description: P3-8 Books of Rose Company-show followlng.deta.Dalo1:Nov -15-Nov25-NovTransacilonisBeginning Inventory.PurchasosSales @ P100 each"Unlts Unit CostP50P70702050.Roquired: Calculate the cost of goods sold and total value of.ending inventory under eachof

The inventory valuation is applied to evaluate the ending inventory and cost of goods sold. These…

Business

Accounting

P3-8 Books of Roso Company show following.deta." Transacilons Beginning Inventory. Purchasos Sales @ P100 each" Required: Calculate the cost of gaods sold and total value of.ending inventory under each Dato 1:Nov 15-Nov 25-Nov Units Unit Cost P50 P70 70 20 50. of the following: methods: a.. FIFO b. LIFO . Moving average cost C.

P3-8 Books of Roso Company show following.deta." Transacilons Beginning Inventory. Purchasos Sales @ P100 each" Required: Calculate the cost of gaods sold and total value of.ending inventory under each Dato 1:Nov 15-Nov 25-Nov Units Unit Cost P50 P70 70 20 50. of the following: methods: a.. FIFO b. LIFO . Moving average cost C.

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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2. Consider the following transactions for DeTrees Company for the month shown in chronological order: Number of Units Unit Cost Sales Beginnig inventory 100 $66 Puchased 80 75 Sold 50 $120 Sold 25 125 Ending inventory 105 In the table below, calculate the dollar value for the period for each of the following items using the listed cost allocation methods and using perpetual inventory updating. PLEASE NOTE: All dollar amounts will be rounded to whole dollars using "$" with commas as needed (i.e. $12,345), except for the Weighted Average cost per unit,…
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.)
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The accounting records of Wildhorse Ag. Implements shows the following data. Beginning inventory 4,880 units at $5 = $ 24,400 Purchases 7,320 units at $6 43,920 Sales 8,540 units at $12 0 $ 68,320 Determine the cost of goods sold during the period under a periodic system using average-cost. (Round weighted-average unit cost to 2 decimal places and final answers to O decimal places.) SA Total Cost Ending Inventory Units ÷ Step 1 Ending Inventory Total Units Unit Cost = Weighted-Average Unit Cost tA Total Cost