Only EX 6-9 the items are taken directly to the(o record the amount of inventorye all salesclerks need access to the-or inappropriate. If it is inap-o the break room used by all mall335Chapter 6 InventoriesObj. 3EX 6-8 Weighted average cost flow method under perpetual inventory systemThe following units of a particular item were available for sale during the calendar year:Total Cost of goodssold, $1,758,750InventorySale10,000 units at $75.008,000 unitsJan.1Mar.18MayAug.18,000 units at $77.5015.000 unitsPurchase9.SaleSHOW ME MOW7,000 units at $80.25Oct.20Purchasea perpetual inventory system.the cost of goods sold for each sale and the inventory balance after each sale. PresentObj. 2, 3The firm uses the weighted average cost method withas follows:Determinthe data in the form illustrated in Exhibit 5.• EX 6-9 Weighted average cost flow method under perpetual inventory systemThe following units of a particular item were available for sale during the calendar year:Obj. 3V Total Cost of goodssold, $315,000Jan.1Apr.June 30InventorySale4,000 units at $40192,500 units4,500 units at $44-st-out method,ance after each sale,PurchaseSept.Nov. 15Sale5,000 unitsPurchase2,000 units at $46-her or lower usingThe 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. Presentthe data in the form illustrated in Exhibit 5.Obj. 2, 3rem, costing byd the inventoryEX 6-10 Perpetual inventory using FIFOAssume that the business in Exercise 6-9 maintains a perpetual inventory system. Determine thecost of goods sold for each sale and the inventory balance after each sale, assuming the first-in,first-out method. Present the data in the form illustrated in Exhibit 3.Obj. 3V Total Cost of goodssold, $314,000Obj. 2, 3e as follows:EX 6-11 Perpetual inventory using LIFOAssume that the business in Exercise 6-9 maintains a perpetual inventory system. Determine thecost of goods sold for each sale and the inventory balance after cach ulefirst-out meObj. 3V Total Cost of goodssold, $318,000

Weighted average Cost - The perpetual inventory updated inventory as on regular basis, while…

V Total Cost of goods sold, $315,000 EX 6-9 Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year: Obj. 3 Jan. Inventory Sale 4,000 units at $40 2,500 units Apr. 19 June 30 Purchase 4,500 units at $44 Sept. 2 Nov. 15 Sale 5,000 units Purchase 2,000 units at $46 The firm uses the weighted average cost method with 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. a perpetual inventory system.

V Total Cost of goods sold, $315,000 EX 6-9 Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year: Obj. 3 Jan. Inventory Sale 4,000 units at $40 2,500 units Apr. 19 June 30 Purchase 4,500 units at $44 Sept. 2 Nov. 15 Sale 5,000 units Purchase 2,000 units at $46 The firm uses the weighted average cost method with 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. a perpetual inventory system.

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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