Only 9b question photo. thanks! 2. Prepare the appropriate entry, if any, for 1(a) and 1(b).View transaction listJournal entry worksheet2Record the entry to write inventory down to LCNRV (major group).Note: Enter debits before credits.DateGeneral JournalDebitCreditDec 31 The following Information pertains to the physical inventory of Electronics Unlimited taken at December 31:Per UnitUnits onProductHandCostNRVAudio equipment:wireless audio receivers332$199$188Touchscreen MP3 playersAudio mixers247203223313193177Audio stands19185103Video equipment:Televisions4672532985GB video cards278171183Satellite video recorders199613618Car equipment:GPS navigatorsDouble-DIN Car Deck with iPod/iPhone Control172171145157213198and Aux InputRequired:1. Calculate the LCNRV for the:a. Inventory by major groupb. Inventory, applied separately to each product.Per UnitLCNRV applied to:b.Units onInventoryItemsSeparatelyto EachProducta.CostNRVTotal costTotal NRVHandMajor GroupAudio equipment:Wireless audio receivers332199188Touchscreen MP3 players247203223Audio mixers313193177

Items Per unit Total LCNRV applied to Unit on Hand (a) Cost (b) NRV ( C) Total Cost (d=a x…

Answered: View transaction list Journal entry…

Business

Accounting

View transaction list Journal entry worksheet 1 2 Record the entry to write inventory down to LC

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 4.7C

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The following information pertalns to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Product Hand Cost NRV Audio equipment: Wireless audio receivers Touchscreen MP3 players 332 247 $199 $188 203 223 Audio mixers 313 193 177 Audio stands 191 85 103 Video equipment: Televisions 467 253 298 5GB video cards 278 171 183 Satellite video recorders 199 613 618 Car equipment: GPS navigators 172 171 145 Double-DIN Car Deck with iPod/iPhone Control 157 213 198 and Aux Input Requlred: 1. Calculate the LCNRV for the: a. Inventory by major group b. Inventory, applied separately to each product. Per Unit LCNRV applied to: b. Inventory Items Separately to Each Product a. Units on Hand Cost NRV Total cost Total NRV Major Group Audio equipment: Wireless audio receivers 332 199 188 Touchscreen MP3 players 247 203 223
The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Product Hand Cost NRV Audio equipment: Wireless audio receivers 344 $181 $192 Touchscreen MP3 players 259 216 196 Audio mixers 325 170 186 Audio stands Video equipment: Televisions 203 96 78 479 291 245 5GB video cards 290 176 164 Satellite video recorders 211 611 640 Car equipment: GPS navigators 184 138 164 Double-DIN Car Deck with iPod/iPhone Control 169 191 206 and Aux Input Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. 4 Per Unit LCNRV applied to: a. Inventory Items Units on Hand Cost NRV Total cost Total NRV Major Group Audio equipment Wireless audio receivers 344 S 181 S 192 Touchscreen MP3 players 259 216 196 325 170 186 Audio mixers b. Separately to Each Product
The following information pertains the physical inventory of Electronics Unlimited taken at December 31 Required: Calculate the LCNRV for the:Inventory by major group b. Inventory, applied separately to each product Prepare the appropriate entry if any for a and b
Complete the invoice itemization by finding the total amount (in $) for each item, the merchandize total (in $), and the total amount of the invoice (in $). Stock # Description Unit Price Amount 4811V Stereo Receivers 50 x $296.50 $ 511CX Blu-Ray Players 25 x $131.28 $ 6146M Home Theater Systems 40 x $657.12 $ 1031A LCD TVs 20 x $594.00 $ Merchandise Total $ Insurance + Shipping $ Invoice Total $ (b) What are the discount date and the net date if the shipment arrived on July 15? Discount Date Net Date (c) While in transit, five Blu-ray players and four LCD TVs were damaged and will be returned. What is the amount (in $) of the returned merchandise? What is the revised merchandise total (in $)? Returned merchandise$ Revised merchandise total$ (d) What are the amount (in $) of the cash discount and the net amount due if the discount is taken? (Round your answers to the nearest cent.) Cash discount$ Net…
Question is pinned below please answer all parts
only 9b question thANKS!
Please solve C and D. 'Part A and B answers are attached, if you need them to help you solve.
Part 1: Information relating to the inventory quantities, purchases and sales of an eight inch (8") speaker unit by the Stereo Company during 2022 is shown below: Inventory, Jan 1 First purchase - May 12th Second purchase - July 9th Third purchase - Oct 4th Fourth purchase - Dec 18th Goods available for sale Units sold during the year Inventory, Dec 31st Number Of Units Cost per Total Unit Cost Sirths a 2,700 $30.00 $81,000 3,540 30.60 108,324 2,400 31.05 74,520 1,860 32.10 59,706 3,000 32.55 97,650 13,500 $421,200 10,400 3,100 INSTRUCTIONS: Show all final answers in the Answer Grid below a. Compute the cost of the December 31, 202 inventory and the cost of goods sold for the units in 2022 using: 1. Weighted Average 2. LIFO 3. FIFO b. In February of 2023, Stereo Company purchased 1000 units at $31.20 per unit, and then in March of 2023 they sold 2000 units. What is the cost of goods sold for the 2000 units sold in March, 2023 under each of the three methods? There is space on page 3…
The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Product Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Video equipment: Televisions 5GB video cards Satellite video recorders Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control and Aux Input Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. Inventory Items Audio equipment Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Subtotal Video equipment: Televisions 1GB video cards Satellite video recorders Subtotal Units on Hand Units on Hand 325 240 306 184 460 271 192 460 271 192 165 150 325 $ 240 306 184 Cost Per Unit Cost 245 163 605 $191 195 185 77 245 163 605 Per Unit 163 205 191 $ 195 185 77 NRV $180 215 169 95 NRV 290 175 610 137 190 180 215 169 95 290 175 610 Total cost $ $ 0 Total NRV $ 0 $ 0 0 LCNRV applied to: a.…
Details regarding the inventory of appliances on January 1, 20Y7, purchases invoices during the year, and the inventory count on December 31, 20Y7, of Amsterdam Appliances are summarized as follows: Purchases Invoices Model Inventory,January 1 1st 2nd 3rd Inventory Count,December 31 A10 — 4 at $ 64 4 at $ 70 4 at $ 76 6 B15 8 at $176 4 at 158 3 at 170 6 at 184 8 E60 3 at 75 3 at 65 15 at 68 9 at 70 5 G83 7 at 242 6 at 250 5 at 260 10 at 259 9 J34 12 at 240 10 at 246 16 at 267 16 at 270 15 M90 2 at 108 2 at 110 3 at 128 3 at 130 5 Q70 5 at 160 4 at 170 4 at 175 7 at 180 8 Instructions: 1. Determine the cost of the inventory on December 31, 20Y7, by the first-in, first-out method. If the inventory of a particular model comprises one entire purchase plus a portion of another purchase acquired at a different…
A physical inventory of Liverpool Company taken at December 31 revesls the following. Per Unit Cost Market Item Car audio equipnent Speakers Units 346 $101 $189 Stereos 261 122 112 Amplifiers Subwoofers 327 97 186 205 63 53 Security equiprent Alarms 481 161 151 Locks 292 184 94 323 Cameras Binocular equipnent Tripods Stabilizers 213 333 186 85 95 171 105 116 Required: 1. Calculate the lower of cost or market for the inventory spplied separately to eoch item. 2. If the market smount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the lower of cost or market for the inventory applied separately to each item. Per Unit Total LCM appled to: Individual Itema Item Unite Cost Market Cost Market Car audio equipment Speakers 346 S 101 109 Stereas 261 122 112 Amplifiers 327 97 106 Subwoofers 205 63 53 Security equipment Alarms 481…