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The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. Date May 16 7 10 12 15 18 22 25 30 (a1) Totals Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Units In 150 850 400 310 550 2,260 Unit Cost $4.40 4.50 4.60 4.70 4.60 Total $660 3,825 1,840 1,457 2,530 $10,312 Units Sold 300 300 240 400 240 1,480 Unit Price $7.20 7.40 7.80 7.60 7.40 Total $2,160 2,220 1,872 3,040 1,776 $11,068 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. Date May 1 6 7 10 18 22 25 30 (a1) 12 Purchase 15 Totals Date May 1 6 7 Transaction 10 Balance 12 Purchase Sale 30 Sale YUVITVIU Totals (a1) Sale Purchase Sale Purchase → Show Transcribed Text Sale Transaction Balance Purchase 15 Sale 18 Purchase 22 Sale 25 Purchase Sale Sale Purchase Units In Sale 150 850 400 Ending inventory 310 550 2,260 $ Units In 150 850 400 310 Unit Cost 550 $4.40 4.50 2,260 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. 4.60 4.70 4.60 The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May Unit Cost I $4.40 4.50 4.60 Total $660 3,825 4.70 1,840 4.60 1,457 2,530 $10.312 Total $660 3,825 1,840 1,457 Units Sold 2,530 300 $10.312 300 240 400 240 1,480 Units Sold 300 300 240 400 Unit Price 240 $7.20 1,480 7.40 7.80 Unit Price 7.60 7.40 7.40 Total 7.80 $2,160 7.60 2,220 7.40 1,872 3,040 1,776 $11,068 $7.20 $2,160 2.220 Total 1,872 3,040 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO 1776 $11,068

The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. Date May 16 7 10 12 15 18 22 25 30 (a1) Totals Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Units In 150 850 400 310 550 2,260 Unit Cost $4.40 4.50 4.60 4.70 4.60 Total $660 3,825 1,840 1,457 2,530 $10,312 Units Sold 300 300 240 400 240 1,480 Unit Price $7.20 7.40 7.80 7.60 7.40 Total $2,160 2,220 1,872 3,040 1,776 $11,068 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. Date May 1 6 7 10 18 22 25 30 (a1) 12 Purchase 15 Totals Date May 1 6 7 Transaction 10 Balance 12 Purchase Sale 30 Sale YUVITVIU Totals (a1) Sale Purchase Sale Purchase → Show Transcribed Text Sale Transaction Balance Purchase 15 Sale 18 Purchase 22 Sale 25 Purchase Sale Sale Purchase Units In Sale 150 850 400 Ending inventory 310 550 2,260 $ Units In 150 850 400 310 Unit Cost 550 $4.40 4.50 2,260 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. 4.60 4.70 4.60 The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May Unit Cost I $4.40 4.50 4.60 Total $660 3,825 4.70 1,840 4.60 1,457 2,530 $10.312 Total $660 3,825 1,840 1,457 Units Sold 2,530 300 $10.312 300 240 400 240 1,480 Units Sold 300 300 240 400 Unit Price 240 $7.20 1,480 7.40 7.80 Unit Price 7.60 7.40 7.40 Total 7.80 $2,160 7.60 2,220 7.40 1,872 3,040 1,776 $11,068 $7.20 $2,160 2.220 Total 1,872 3,040 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO 1776 $11,068

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. Date May 16 7 10 12 15 18 22 25 30 (a1) Totals Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Units In 150 850 400 310 550 2,260 Unit Cost $4.40 4.50 4.60 4.70 4.60 Total $660 3,825 1,840 1,457 2,530 $10,312 Units Sold 300 300 240 400 240 1,480 Unit Price $7.20 7.40 7.80 7.60 7.40 Total $2,160 2,220 1,872 3,040 1,776 $11,068 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. Units In Date May 1 6 7 10 12 15 18 22 25 30 (a1) Totals 6 7 10 12 15 18 22 Transaction 25 Balance 30 Purchase Totals Sale (a1) Sale Date Transaction May 1 Balance Purchase Purchase Sale Show Transcribed Text Purchase Sale Purchase Sale VEU Sale Sale Purchase Sale Purchase Sale Purchase Sale 150 850 400 Ending inventory 310 550 2,260 Skip question $ Units In 150 850 400 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. 310 550 Unit Cost 2,260 $4.40 Show Transcribed Text The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. 4.50 4.60 4.70 4.60 I Unit Cost $4.40 4.50 4.60 4.70 Total $660 3,825 4.60 1,840 1,457 Start Solving 2,530 $10,312 Total $660 3,825 1,840 1,457 2,530 Ć $10,312 Units Sold 300 300 240 400 240 1,480 Units Sold 300 300 Exit 240 400 240 Unit Price 1,480 $7.20 7.40 7.80 Unit Price 7.60 7.40 $7.20 7.40 7.80 7.60 $2,160 7.40 2,220 1,872 Total 3,040 1.776 $11,068 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO Total $2,160 2.220 1,872 3,040 1,776 $11,068
Transcribed Image Text:The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. Date May 16 7 10 12 15 18 22 25 30 (a1) Totals Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Units In 150 850 400 310 550 2,260 Unit Cost $4.40 4.50 4.60 4.70 4.60 Total $660 3,825 1,840 1,457 2,530 $10,312 Units Sold 300 300 240 400 240 1,480 Unit Price $7.20 7.40 7.80 7.60 7.40 Total $2,160 2,220 1,872 3,040 1,776 $11,068 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. Units In Date May 1 6 7 10 12 15 18 22 25 30 (a1) Totals 6 7 10 12 15 18 22 Transaction 25 Balance 30 Purchase Totals Sale (a1) Sale Date Transaction May 1 Balance Purchase Purchase Sale Show Transcribed Text Purchase Sale Purchase Sale VEU Sale Sale Purchase Sale Purchase Sale Purchase Sale 150 850 400 Ending inventory 310 550 2,260 Skip question $ Units In 150 850 400 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO. 310 550 Unit Cost 2,260 $4.40 Show Transcribed Text The following information is for the inventory of mini-kettles at Bramble Company Limited for the month of May. 4.50 4.60 4.70 4.60 I Unit Cost $4.40 4.50 4.60 4.70 Total $660 3,825 4.60 1,840 1,457 Start Solving 2,530 $10,312 Total $660 3,825 1,840 1,457 2,530 Ć $10,312 Units Sold 300 300 240 400 240 1,480 Units Sold 300 300 Exit 240 400 240 Unit Price 1,480 $7.20 7.40 7.80 Unit Price 7.60 7.40 $7.20 7.40 7.80 7.60 $2,160 7.40 2,220 1,872 Total 3,040 1.776 $11,068 Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO Total $2,160 2.220 1,872 3,040 1,776 $11,068
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