Suppose this information is available for PepsiCo, Inc. for 2025, 2024, and 2023.(in millions)Beginning inventoryEnding inventoryCost of goods soldSales revenue2025$2,4002,50019,60042,2402024$2,200 $1,900.2,40020,010202342,3002,20018,04041,000 (b)Calculate the days in inventory for 2023, 2024, and 2025. (Round days in inventory to 1 decimal place, e.g. 5.1.)Days ininventory2023days2024days2025days

Name: Suppose this information is available for PepsiCo, Inc. for 2025, 202
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Suppose this information is available for PepsiCo, Inc. for 2025, 2024, and 2023.(in millions)Beginning inventoryEnding inventoryCost of goods soldSales revenue2025$2,4002,50019,60042,2402024$2,200 $1,900.2,40020,010202342,3002,20018,04041,000 (b)Ca

Days in Inventory - Days in Inventory ratios show the time required to sell the inventory lying in…

Business

Accounting

Suppose this information is available for PepsiCo, Inc. for 2025, 2024, and 2023. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2025 2024 2023 $2,400 $2,200 $1,900. 2,500 2,400 2,200 19,600 20,010 18,040 42,240 42,300 41,000

Suppose this information is available for PepsiCo, Inc. for 2025, 2024, and 2023. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2025 2024 2023 $2,400 $2,200 $1,900. 2,500 2,400 2,200 19,600 20,010 18,040 42,240 42,300 41,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: Merchandise inventory, January 1, 2024 Net purchases Cost $ 323,000 536,000 Retail $ 425,000 665,000 Net markups Net markdowns Net sales Related retail price indexes are as follows: 23,000 18,000 510,000 January 1, 2024 1.00 December 31, 2024 1.20 Required: Determine ending inventory and cost of goods sold using the information provided. Answer is complete but not entirely correct. Ending inventory at retail $ 585,000 Ending inventory at cost $ 380,000 x Cost of goods sold $ 479,000
i have completed this in excel but would like to compare my answers
T3.
Provide solution for this question
Need answer
The Blueberry Company values its inventory by using the FIFO retail method.. The following information is available for the year 2020: Cost Retail Beg. invy Purchases 809,000 1,400,000 2,970,000 4,200,000 40,000 Freight-in Net markups 130,000 30,000 4,000,000 75,000 Net markdowns Sales Sales discount At what amount would Blueberry Company report as its estimated cost of goods sold under the FIFO retail method? *
Want Answers
4.
i need the answer quickly
On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2024: Cost Retail Beginning inventory $ 72,900 $ 135,000 Net purchases 102,150 232,000 Net markups 5,000 Net markdowns 10,000 Net sales 200,000 Retail price index, 12/31/2024 1.08 Required: Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided. Ending inventory at retail:_________ Ending inventory at cost:__________ Cost of goods sold:_______________
Manshukh
ail, and cost indexes for 2024 and 2025 are as follows: 2024 2025 Cost Retail Cost Retail Beginning inventory $ 39,200 $ 56,000 Net purchases 92,600 116,000 $ 104,166 $ 128,400 Freight-in 2,800 3,300 Net markups 14,000 9,600 Net markdowns 2,800 3,000 Net sales to customers 113,355 117,120 Sales to employees (net of 20% discount) 3,300 5,280 Price Index: January 1, 2024 1.00 December 31, 2024 1.06 December 31, 2025 1.10 Required: Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value LIFO retail inventory method.