Presented below is information related to Splish Company.December 31, 2022December 31, 2023December 31, 2024December 31, 2025December 31, 2026December 31, 202720222023Date2024202520262027$$$$$Ending Inventory(End-of-Year Prices)$$83,600117,832Compute the ending inventory for Splish Company for 2022 through 2027 using the dollar-value LIFO method.116,501131,709157,765190,224Ending Inventory83,600207,802PriceIndex100100104119129139144

Name: Presented below is information related to Splish Company.December 31,
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Description: Presented below is information related to Splish Company.December 31, 2022December 31, 2023December 31, 2024December 31, 2025December 31, 2026December 31, 202720222023Date2024202520262027$$$$$Ending Inventory(End-of-Year Prices)$$83,600117,832Comput

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Presented below is information related to Splish Company. Date December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 December 31, 2026 December 31, 2027 Ending Inventory (End-of-Year Prices) $83,600 117,832 116,501 131,709 157,765 190,224 Price Index 100 104 119 129 139 144

Presented below is information related to Splish Company. Date December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 December 31, 2026 December 31, 2027 Ending Inventory (End-of-Year Prices) $83,600 117,832 116,501 131,709 157,765 190,224 Price Index 100 104 119 129 139 144

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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Presented below is information related to X Company "Date End - of- Ending Inventory Year ) ( FIFO ) Price Index 2022 100,000 100 2023 229,000 103 2024 218,658 110 2025 239,700 115 2026 170,000 125 Instructions : What's JOURNAL ENTRIES for X company ?
TRANSACTIONS DURING January 2019 Cost (OMR) Amount (OMR) 3000 3000 Date Particulars Units Beginning Inventory 300 200 10 15 January 1 January 2 January 11 Purchase January 18 Purchase Purchase 100 17 1700 300 20 6000 Total Purchase 900 13,700 Date Particulars Units Cost (OMR) Amount (OMR) January 8 Sales 300 30 9000 January 15 Sales 250 40 10000 Total Sales 550 19000 Required a) How would issues and closing inventory be valued using FIFO b) Give journal entry assuming that if the business follows perpetual inventory method
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Date Bought Date Sold 01 July 2021 45 at N$ 18.25 08 July 2021 28 07 July 2021 25 at N$ 18.55 12 July 2021 24 14 July 2021 16 at N$ 17.95 23 July 2021 22 18 July 2021 31 at N$ 14.85 29 july 2021 27 31 July 2021 14 at N$ 13.10 Selling price : N$ 29.50 Use the above information to calculate closing inventory that would be shown using below methods for 31 July 2021 financial year. Fifo AVCO Calculate purchasing using FIFO and AVCO Calculate cost sale using FIFO and AVCO Calculate sales using FIFO and AVCO Prepare trading statement as at 31 March 2020.
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