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Shttps://myumo.moc.edu/Pages/M x Chapter 5 Homework M Inbox (85) - cf2826@moc.edu - U X + Th Course: ACC 211/LECT/OFO1-201 x newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb%2Findex.html%23%2Fregistration%2Fsignup%2Fr-douglas-online--fall-2019&_t=15691690295528isReg=true Chapter 5 Homework Saved Save & Exit Help Submit Check my work 5 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Activities Units Acquired at Cost 600 units@$45 per unit 400 units $42 per unit 200 units$27 per unit Units Sold at Retail Date 1 Beginning inventory Jan 1C Feb. 10 Purchase polnts Mar. 13 Purchase Mar. 15 Sales 800 units $75 per unit Skipped 100 units$50 per unit 500 units@$46 per unit Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales 600 units$75 per unit 1,400 units Totals 1,800 units еВook Required: 1. Compute cost of goods available for sale and the number of units available for sale. Print Cost of goods available for sale Number of units available for sale References units 2. Compute the number of units in ending inventory. units Ending inventory 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Мc Graw Hill

Shttps://myumo.moc.edu/Pages/M x Chapter 5 Homework M Inbox (85) - cf2826@moc.edu - U X + Th Course: ACC 211/LECT/OFO1-201 x newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb%2Findex.html%23%2Fregistration%2Fsignup%2Fr-douglas-online--fall-2019&_t=15691690295528isReg=true Chapter 5 Homework Saved Save & Exit Help Submit Check my work 5 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Activities Units Acquired at Cost 600 units@$45 per unit 400 units $42 per unit 200 units$27 per unit Units Sold at Retail Date 1 Beginning inventory Jan 1C Feb. 10 Purchase polnts Mar. 13 Purchase Mar. 15 Sales 800 units $75 per unit Skipped 100 units$50 per unit 500 units@$46 per unit Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales 600 units$75 per unit 1,400 units Totals 1,800 units еВook Required: 1. Compute cost of goods available for sale and the number of units available for sale. Print Cost of goods available for sale Number of units available for sale References units 2. Compute the number of units in ending inventory. units Ending inventory 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Мc Graw Hill

FINANCIAL ACCOUNTING
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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Shttps://myumo.moc.edu/Pages/M x Chapter 5 Homework M Inbox (85) - cf2826@moc.edu - U X + Th Course: ACC 211/LECT/OFO1-201 x newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb%2Findex.html%23%2Fregistration%2Fsignup%2Fr-douglas-online--fall-2019&_t=15691690295528isReg=true Chapter 5 Homework Saved Save & Exit Help Submit Check my work 5 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Activities Units Acquired at Cost 600 units@$45 per unit 400 units $42 per unit 200 units$27 per unit Units Sold at Retail Date 1 Beginning inventory Jan 1C Feb. 10 Purchase polnts Mar. 13 Purchase Mar. 15 Sales 800 units $75 per unit Skipped 100 units$50 per unit 500 units@$46 per unit Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales 600 units$75 per unit 1,400 units Totals 1,800 units еВook Required: 1. Compute cost of goods available for sale and the number of units available for sale. Print Cost of goods available for sale Number of units available for sale References units 2. Compute the number of units in ending inventory. units Ending inventory 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Мc Graw Hill <Prev 5 of 5 Next 12:54 PM Type here to search 9/22/2019 O LO
Transcribed Image Text:Shttps://myumo.moc.edu/Pages/M x Chapter 5 Homework M Inbox (85) - cf2826@moc.edu - U X + Th Course: ACC 211/LECT/OFO1-201 x newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb%2Findex.html%23%2Fregistration%2Fsignup%2Fr-douglas-online--fall-2019&_t=15691690295528isReg=true Chapter 5 Homework Saved Save & Exit Help Submit Check my work 5 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Activities Units Acquired at Cost 600 units@$45 per unit 400 units $42 per unit 200 units$27 per unit Units Sold at Retail Date 1 Beginning inventory Jan 1C Feb. 10 Purchase polnts Mar. 13 Purchase Mar. 15 Sales 800 units $75 per unit Skipped 100 units$50 per unit 500 units@$46 per unit Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales 600 units$75 per unit 1,400 units Totals 1,800 units еВook Required: 1. Compute cost of goods available for sale and the number of units available for sale. Print Cost of goods available for sale Number of units available for sale References units 2. Compute the number of units in ending inventory. units Ending inventory 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Мc Graw Hill <Prev 5 of 5 Next 12:54 PM Type here to search 9/22/2019 O LO
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