Unit Cost Units You sell 100 units in $2.00 June. Calculate the cost of goods sold using cost averaging. Received June 4 70 June 11 30 $3.00 June 18 60 $2.10 June 25 40 $2.40 A. $2.22 B. $2.10 C. $2.30 D. $2.26
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Units | Unit cost | Units × unit cost | |
June 4 | 70 | $2 | $140 |
June 11 | 30 | $3 | $90 |
June 18 | 60 | $2.1 | $126 |
June 25 | 40 | $2.4 | $96 |
Total | 200 | $452 | |
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- Exan cdn.student.uae.examus.net/?rldban=D1&sessi.. AC T101 FEX_2021_2_Male of A company's net sales for October were SR10,000. and had SR5,000 gross margin. itS cost of goods sol would be : 30 - 34 -> 114- a. 10,000 5 b.2,000 abe18ce33 95%.e18 C. 5,000 95abe18ce33 d. 15,000 95abe18ce33 95abe18ce 33 95abe18c 95abe18ce33 95abe18ce 33 95abe18ce33 సెక్ల MacBook Pro Co 80 F3 2. ア 888 000 F4 3. F5 TE 5 6 7 F7 & T. 7 V Y 8A U **** S4Q36 Goods of the Invoice value R240 000 sent out to consignee at 20% profit on cost. If all goods were sold, what would be the gross amount? Select one: a. R48 000 b. R50 000 c. R40 000 d. R33 333omus A cdn.student.uae.examus.net/?rldbqn3D1&sessi... ACCT101_FEX_2021_2_Male 2 -34 A company reported the following data related to its ending inventory 5ab 95ab Product 95ab Units Per Market Total on Hand Total Market be18 SR1,100 Unit Cost Cost 100 SR10 SR11 SR1,000 В 75 16 1,200 1,050 60 14 95abe18ce 33 13 840 40 780 16 20 640 800 SR3,680 SR3,730 Calculate the lower-of-cost-or-market on the: e33 (a) Inventory as a whole (b) inventory applied separately to each product. MacBook Pro F3 D00 F4 FS 24 F6 F7 50 & 8 A 95abe18ce33
- X CengageNOWv2 | Online teachin X + com/ilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator assign... eBook Show Me How Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory 9,000 units at $50.00 Mar. 18 Sale 7,000 units May 2 Purchase 8,000 units at $56.50 Aug. 9 Sale 8,000 units Oct. 20 Purchase A✩ 中 4,000 units at $60.00 The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5. Round your "Unit Cost" answers to two decimal places. Weighted Average Cost Flow Method Goods Sold Cost ofourses / BUSS 104-1-20202 / MAKEUP TEST SCHEDULED FOR Thur 16-05-2021 from 11:00 to 12: Noon) Sales are 140000 OMR, variable cost = 110000 OMR calculate contribution Select one: O a. 70000 OMR O b. 69000 OMR c. None of them O d. 65000 OMR Clear my choice age 3=237750&page%=7# Next page%252Fblackboard.american.edu%2... ☆ nstration Problems i 型 き Paused Saved Required Information Help Save & Exit Submit (The following information applies to the questions displayed below.] Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand-2,000 units; cost $5.30 each. B Purchased 8,000 units for $5.50 each. 14 Sold 6,000 units for $12.00 each. 18 Purchased 6,000 units for $5.60 each. 25 Sold 7,000 units for $11.00 each. 28 Purchased 4,000 units for $5.80 cach. 31 Inventory on hand-7,000 units. Required: 1. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO method. Cost of Goods Available for Sale Cost of Goods Sold -August 14 Cost of Goods Sold - August 25 Inventory Balance # of units in Cost of Goods…
- June 4 June 11 June 18 June 25 A. $2.30 C. $2.26 Units Received 70 30 60 40 Unit Cost You sell 100 units in $2.00 June. Calculate the cost of goods sold using last-in, first-out. $3.00 $2.10 $2.40 rnational Academy of Science. All Rights Reserved. B. $2.10 D. $2.22 DELL REEuols A moodle1.du.edu.om Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in progress is 4000, and closing stock of Work in progress is 5000 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 13750 OMR, Cost of goods manufactured 358500 OMR Calculate cost of goods available for sale Select one: a. None of these O b. 395000 OMR O c. 385500 OMR O d. 378500 OMR Previous page Next page ASSIGNMENT 1 Jump to... Quiz navigation 200 1 2 3 5 6 7 8 || 9 4. IICalculate gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 2000 а. OMR 10000 b. OMR 12000 С. OMR 4000 d. OMR 6000
- odule Three Assignment - ACC x * CengageNOWv2 | Online teachir x com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre... O eBook Show Me How Gross Profit During the current year, merchandise is sold for $118,700 cash and $454,300 on account. The cost of the goods sold is $383,900. What is the amount of the gross profit? Previous Next Check My Work 6:37 AM 45°F A D E a O 11/13/2021Rizio company purchases a machine for 10,100, terms 1/10, n/60, FOB shipping point< Cost Flow Methods The following three identical units of Item JC07 are purchased during April: Units Cost April 2 April 15 April 20 Total Item Beta Purchase Purchase Purchase a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost 1 1 1 3 $94 97 Gross Profit 100 $291 Average cost per unit ($291 + 3 units) Assume that one unit is sold on April 27 for $120. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method. $97 Ending Inventory $