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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3
Required information [The following information applies to the questions displayed below.] Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 15 units for $23 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units @ $9.00 cost 20 units @ $15.00 cost 15 units @ $17.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIFO: Goods purchased Cost of Goods Sold Cost of Goods # of Date Cost per Cost per Cost of ( Sol # of units Available for units unit unit Sale sold December 7 10 at $ 9.00 2$ 90.00 %3D 20 at $ 15.00 $ 300.00 %3D December 14 Total December 14 15 at $ 23.00 = 2$ December 15 Total December 15 15 at $ 17.00 $ 255.00 %3D December 21 Totals $ :
Cont of pictures: Calculate gross profit rate under each of the following methods 1. LIFO 2. FIFO 3. Average-cost (Round answers to 1 decimal place, e.g. 51.2%)
Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for first-in, first-out (FIFO). Numberof Units Unit Cost Sales Beginning Inventory 260 $140 Sold 160 $180 Purchased 510 143 Sold 400 182 Purchased 420 150 Sold 370 184 Ending Inventory 260 FIFO (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventory Remaining Numberof Units Unit Cost Total Cost Numberof Units Unit Cost Total Cost Numberof Units Unit Cost Total Cost Beginning fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Sale fill in the blank 4 $fill in the blank 5 $fill in the blank 6 fill in the blank 7 fill in the blank 8 fill in the blank 9 Purchase fill in the blank 10 $fill in the…
am.105.
Please help me. Thankyou.
Please help me. Thankyou.
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Galantine, Inc., for an operating period. Unit Cost Beginning Inventory Sale No. 1 Purchase No. 1 Sale No. 2 Purchase No. 2 Totals Select one: O O O O Units 30 A. $840 B. $1,200 C. $1,110 D. $1,320 50 20 100 $21 30 33 Total Cost $630 - 1,500 Units Sold 660 $2,790 20 40 Assuming Galantine, Inc. uses LIFO perpetual inventory procedures, sale no. 2 is recorded as an entry to Cost of Goods Sold for: 60
N5. Account
please solve with the FIFO method ( question 2)
[The following information applies to the questions displayed below.] Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15, Monson sells 15 units for $23 each. Purchases on December 7 Purchases on December 14 Purchases on December 21 10 units @ $9.00 cost 20 units @ $15.00 cost 15 units @ $17.00 cost Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method. Perpetual LIFO: Goods purchased Cost of Goods Sold Cost of Goods # of Date Cost per Cost per Cost of ( unit # of units Available for units unit Sol Sale sold December 7 10 at $ 9.00 $ 90.00 20 at $ 15.00 $ 300.00 December 14 Total December 14 15 at $ 23.00 = December 15 Total December 15 15 at $ 17.00 $ 255.00 %3D December 21 Totals
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 ... ...