Sheffield Company's record of transactions for the month of April was as follows. April 1 (balance on hand) 4 (a1) 8 13 21 29 (a2) Average-cost per unit $ (b) Purchases Your answer is correct. eTextbook and Media FIFO ✓ Your answer is correct. Average-cost $ Your Answer Correct Answer eTextbook and Media e Textbook Solution 1,260 $6.00 3,150@ 6.08 1.680 @ 6.40 2.520 @ 6.50 11.130 Inventory at April 30 1,470 @ 1,050 @ eTextbook and Media Save for Later 8 Your answer is partially correct. Assuming that periodic inventory records are kept, calculate the average-cost per unit. (Round answer to 2 decimal places, eg. 2.76) 6.60 6.79 9902 9334 (1) FIFO April 3 9 Assuming that periodic inventory records are kept, compute the inventory at April 30 using (1) FIFO and (2) average-cost. (Round answer to 0 decimal places, e.g. 2,760) 11 23 9902 27 6.35 per unit Sales 1,050 $10.00 2,940 @ 10.00 11.00 1,260 @ $ 2,520 @ 1,890 @ 9,660 11.00 12.00 Assuming that perpetual inventory records are kept in both units and dollars, determine the inventory at April 30 using (1) FIFO and (2) average-cost. (Round average per unit cost to 4 decimal places eg. 2.7605 and final answer to 0 decimal places, eg. 2,760.) Attempts: 1 of 2 used (2) Average-Cost 9261 Assistance Used Attempts: 2 of 2 used Attempts: 1 of 2 used Submit Answer
Sheffield Company's record of transactions for the month of April was as follows. April 1 (balance on hand) 4 (a1) 8 13 21 29 (a2) Average-cost per unit $ (b) Purchases Your answer is correct. eTextbook and Media FIFO ✓ Your answer is correct. Average-cost $ Your Answer Correct Answer eTextbook and Media e Textbook Solution 1,260 $6.00 3,150@ 6.08 1.680 @ 6.40 2.520 @ 6.50 11.130 Inventory at April 30 1,470 @ 1,050 @ eTextbook and Media Save for Later 8 Your answer is partially correct. Assuming that periodic inventory records are kept, calculate the average-cost per unit. (Round answer to 2 decimal places, eg. 2.76) 6.60 6.79 9902 9334 (1) FIFO April 3 9 Assuming that periodic inventory records are kept, compute the inventory at April 30 using (1) FIFO and (2) average-cost. (Round answer to 0 decimal places, e.g. 2,760) 11 23 9902 27 6.35 per unit Sales 1,050 $10.00 2,940 @ 10.00 11.00 1,260 @ $ 2,520 @ 1,890 @ 9,660 11.00 12.00 Assuming that perpetual inventory records are kept in both units and dollars, determine the inventory at April 30 using (1) FIFO and (2) average-cost. (Round average per unit cost to 4 decimal places eg. 2.7605 and final answer to 0 decimal places, eg. 2,760.) Attempts: 1 of 2 used (2) Average-Cost 9261 Assistance Used Attempts: 2 of 2 used Attempts: 1 of 2 used Submit Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Sheffield Company's record of transactions for the month of April was as follows.
April 1 (balance on hand)
4
(a1)
8
13
21
(a2)
29
Average-cost per unit $
(b)
✓ Your answer is correct.
eTextbook and Media
Your Answer
Purchases
FIFO
✓ Your answer is correct.
Average-cost $
eTextbook
eTextbook and Medial
Solution
Correct Answer
1,260 $6.00
3,150 @ 6.08
1,680 @ 6.40
2,520 @
1,470 @ 6.60
11.130
Inventory at April 30
Save for Later
1,050@ 6.79
Assuming that periodic inventory records are kept, calculate the average-cost per unit. (Round answer to 2 decimal places, eg. 2.76.)
H Your answer is partially correct.
$
eTextbook and Media
6.50
9902
9334
April 3
9
11
(1)
FIFO
23
Assuming that periodic inventory records are kept, compute the inventory at April 30 using (1) FIFO and (2) average-cost. (Round
answer to O decimal places, e.g. 2,760.)
27
6.35 per unit
9902
Sales
1,050 $10.00
2,940 @
1,260 @
$
2,520 @
1,890 @
| |
9.660
10.00
11.00
11.00
Assuming that perpetual inventory records are kept in both units and dollars, determine the inventory at April 30 using (1) FIFO
and (2) average-cost. (Round average per unit cost to 4 decimal places e.g. 2.7605 and final answer to 0 decimal places, e.g. 2,760.)
12.00
Attempts: 1 of 2 used
(2)
Average-Cost
9261
Assistance Used
Attempts: 2 of 2 used
Attempts: 1 of 2 used
Submit Answer
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