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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
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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Only EX 6-9
the items are taken directly to the (o record the amount of inventory e all salesclerks need access to the -or inappropriate. If it is inap- o the break room used by all mall 335 Chapter 6 Inventories Obj. 3 EX 6-8 Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year: Total Cost of goods sold, $1,758,750 Inventory Sale 10,000 units at $75.00 8,000 units Jan. 1 Mar. 18 May Aug. 18,000 units at $77.50 15.000 units Purchase 9. Sale SHOW ME MOW 7,000 units at $80.25 Oct. 20 Purchase a perpetual inventory system. the cost of goods sold for each sale and the inventory balance after each sale. Present Obj. 2, 3 The firm uses the weighted average cost method with as follows: Determin the data in the form illustrated in Exhibit 5. • 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 V Total Cost of goods sold, $315,000 Jan. 1 Apr. June 30 Inventory Sale 4,000 units at $40 19 2,500 units 4,500 units at $44 -st-out method, ance after each sale, Purchase Sept. Nov. 15 Sale 5,000 units Purchase 2,000 units at $46 -her or lower using 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. Obj. 2, 3 rem, costing by d the inventory EX 6-10 Perpetual inventory using FIFO Assume that the business in Exercise 6-9 maintains a perpetual inventory system. Determine the cost 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. 3 V Total Cost of goods sold, $314,000 Obj. 2, 3 e as follows: EX 6-11 Perpetual inventory using LIFO Assume that the business in Exercise 6-9 maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after cach ule first-out me Obj. 3 V Total Cost of goods sold, $318,000
Transcribed Image Text:the items are taken directly to the (o record the amount of inventory e all salesclerks need access to the -or inappropriate. If it is inap- o the break room used by all mall 335 Chapter 6 Inventories Obj. 3 EX 6-8 Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year: Total Cost of goods sold, $1,758,750 Inventory Sale 10,000 units at $75.00 8,000 units Jan. 1 Mar. 18 May Aug. 18,000 units at $77.50 15.000 units Purchase 9. Sale SHOW ME MOW 7,000 units at $80.25 Oct. 20 Purchase a perpetual inventory system. the cost of goods sold for each sale and the inventory balance after each sale. Present Obj. 2, 3 The firm uses the weighted average cost method with as follows: Determin the data in the form illustrated in Exhibit 5. • 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 V Total Cost of goods sold, $315,000 Jan. 1 Apr. June 30 Inventory Sale 4,000 units at $40 19 2,500 units 4,500 units at $44 -st-out method, ance after each sale, Purchase Sept. Nov. 15 Sale 5,000 units Purchase 2,000 units at $46 -her or lower using 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. Obj. 2, 3 rem, costing by d the inventory EX 6-10 Perpetual inventory using FIFO Assume that the business in Exercise 6-9 maintains a perpetual inventory system. Determine the cost 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. 3 V Total Cost of goods sold, $314,000 Obj. 2, 3 e as follows: EX 6-11 Perpetual inventory using LIFO Assume that the business in Exercise 6-9 maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after cach ule first-out me Obj. 3 V Total Cost of goods sold, $318,000
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