Units Received Unit Cost You sell 100 units in $2.00 June. Calculate the cost of goods sold using last-in, first-out. 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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- TB MC Qu. 6-93 Inventory records for Marvin Company... 38 Inventory records for Marvin Company revealed the following: of Onite Cost Мar. 1 Beginning inventory 960 $7.28 34 Mar.10 Purchase 570 7.71 Mar.16 Purchase 790 8.16 Mar.23 Purchase 550 8.56 Marvin sold 1,960 units of inventory during the month. Cost of goods sold assuming FIFO would Round your answer to the nearest dollar amount.) Multiple Choice $13,942.Units Received Unit You sell 100 units in $2.00 June. Calculate the cost of goods sold using last-in, first-out. Cost 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. $2.26 003 - 2021 Acellus Corporation. All Rights Reserved.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 **** S4
- 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 ofRizio company purchases a machine for 10,100, terms 1/10, n/60, FOB shipping pointProblem 10-16 (AICPA Adapted) Reverend Company condacted a physical count on Decemi 31, 2020 which revesled merchandise with a total cot Pn,000,000. However, farther inveatiestien revealed that the followi itema were exeluded from the count Goods sold to a customer which are being held for t customer to call st the customer's convenience with a oe P200.000 *A packing case containing a product costing P500,000 w atanding in the shipping room when the physie inventory was taken The product w not included in the inventory because was marked "hold for shipping instructions". The investigatisn revenled that the customer's order wi dated December 28, 2020, but that the case was shippe and the customer billed on January 5, 2021 A special machine coeting P250,000 fabricated to orde fora customer was finished and speeificall segregated at the back part of the shipping room c December 31, 2020. The customer was billed en that date and the machim was ecluded from inventerry although it was shippe…
- D Traders purchased a product for R1 450 (excluding VAT). It was resold for R2 100 (excluding VAT) Calculate the mark-up on cost for this product.omus 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%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…
- The fellowing information han been taken from the accounting reerd ef ABC Company for last year Selling espensen Raw Mat's Iav. Jan. Raw Mar's lav. Dec. JI Lities. Factery Direct Labor Cost IS,000 162.000 Depa. Factery Purchases. Raw Mat'h. HL000 4000 Sales laseranee, Factery Supplies. Factery Admin, Expenes Indirect Laber Maistenane, Fartery WIP INV.Jan. I WIP INV. Dee. 31 Finished Goods las. Jan 2e Finished Goods lav. Dec. 31 21000 27 Requiredi 1. Prepare a schedule of cust of goods manufactured. 1. Compute the cont of goeds d. J. Using the dataerded frem ()and (2k prepare an Income Statement.The following information has been extracted from the records of Marie Company about one of itsproducts:Units Unit Cost Total CostJan. 1 Beg. balance 10,000 150 P1,500,000Jan. 5 Purchase 10,000 180 1,800,000Jan. 15 Sale 15,000Jan. 16 Sales return 1,000Jan. 25 Purchase 4,000 200 800,000Jan. 26 Purchase return 500 200 100,000 4. Under the FIFO, the cost of ending inventory and cost of goods sold should, respectively bePERIODIC registered for VAT AND us ES the Bpeterel inventory styskem. The following transachons fook place during CC Stores is mach Sales of merchan dise, Rsiso C VAT included) cash. The cost picce was R2500C ercluding vAT) 2020 JOurnalize The ABOVE TRANSACHION BANK SALES VAT OUTPUT COST OF SALES INVENTORt