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Exercise 8-18
The following information is for the inventory of mini-kettles at
Bridgeport Company Limited for the month of May.
Date
Transaction
Units
In
Unit
Cost
Total
Units
Sold
Unit
Price
Total
May 1
Balance
130
$4.40
$572
6
Purchase
850
4.40
3,740
7
Sale
330
$7.40
$2,442
10
Sale
330
7.60
2,508
12
Purchase
430
4.80
2,064
15
Sale
250
7.80
1,950
18
Purchase
330
4.80
1,584
22
Sale
430
7.80
3,354
25
Purchase
520
4.60
2,392
30
Sale...
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E8.11
(LO3) (Compute FIFO and
Average-Cost—Periodic) The following information is
related to radios for the Couples Company for the month of
July.
Date
Transaction
Units In
Units Cost
Total
Units Sold
Selling Price
Total
July
1
Balance
100
$4.10
$ 410
6
Purchase
800
4.30
3,440
7
Sale
300
$7.00
$ 2,100
10
Sale
300
7.30
2,190
12
Purchase
400
4.51
1,804
15
Sale
200
7.40
1,480
18
Purchase
300
4.60
1,380
22
Sale
400
7.40
2,960
25
Purchase
500
...
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Exercise 8-17
The following information is for the inventory of mini-kettles at
Concord Company Limited for the month of May:
Date
Transaction
Units
In
Unit
Cost
Total
Units
Sold
Unit
Price
Total
May 1
Balance
100
$4.20
$420
6
Purchase
810
4.40
3,564
7
Sale
310
$7.00
$2,170
10
Sale
310
7.40
2,294
12
Purchase
450
5.00
2,250
15
Sale
250
8.00
2,000
18
Purchase
300
4.80
1,440
22
Sale
450
7.80
3,510
25
Purchase
520
4.40
2,288
30
Sale...
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The following information is for the inventory of mini-kettles
at Concord Company Limited for the month of May:
Date
Transaction
Units
In
Unit
Cost
Total
Units
Sold
Unit
Price
Total
May 1
Balance
140
$4.20
$588
6
Purchase
850
4.20
3,570
7
Sale
320
$7.20
$2,304
10
Sale
320
7.40
2,368
12
Purchase
420
5.00
2,100
15
Sale
240
8.00
1,920
18
Purchase
320
4.80
1,536
22
Sale
420
7.80
3,276
25
Purchase
500
4.40
2,200
30
Sale
240
7.60...
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$4,10 6 100 800 E8.11 (103) (Compute FIFO and Average-Cost-Periodic) The following information is related to radios for the Couples Company for the month of July Units Units Selling Date Transaction Units In Cost Total Sold Price Total July 1 Balance $410 Purchase 4.30 3,440 Sale $7.00 $ 2.100 Sale 7.30 2.190 Purchase 1.804 15 Sale 7.40 1.480 Purchase 300 1,380 22 Sale 2.960 25 Purchase 500 4.58 2,290 30 Sale 200 7.50 1,500 Totals 2,100 $9,324 1.400 $10,230 4.51...
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Kaleta Company uses the perpetual inventory system and reports
the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
200
$5
$1,000
12
Purchase
400
6
2,400
23
Purchase
300
7
2,100
30
Inventory
100
Assume a sale of 440 units occurred on June 15 for a selling price
of $8 and a sale of 360 units on June 27 for $9.
Calculate the cost of the ending inventory and the cost of...
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Brief Exercise 6A-4 The following is a record of Windsor Company's transactions for the month of May 2017 May 1 12 Balance 410 units @ $22 Purchase 570 units @ $25 May 10 20 Sale 300 units @ $39 Sale 510 units @ $39 Compute the cost of ending inventory using the moving-average method. (Round average cost per unit to 3 decimal places, Ending inventory $ LINK TO TEXT Brief Exercise 6A-3 The following is a record of Teal Company's...
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Exercise 6-17 (Part Level Submission) Kaleta Company uses the perpetual inventory system and reports the following for the month of June. Date Unit Cost June 1 12 Explanation Inventory Purchase Purchase Inventory Units 200 400 Total Cost $1,000 2,400 2,100 6 7 23 300 30 100 OLCA! O LOULOU O olluin - 0 C El O CLIC Assume a sale of 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on...
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Problem 6-4A (Part Level Submission) You are given the following information for Wildhorse Company for the month ended November 30, 2017: Unit Price 44 Date Description Nov. 1 Beginning inventory 9 Purchase 15 Sale 22 Purchase 29 Sale 30 Purchase Units 56 110 (115) 145 (160) 43 Wildhorse Company uses a perpetual inventory system. All sales and purchases are on account. v (a) Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted decimal...
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More & More Limited uses a periodic inventory system. On June 24, the company sold 600 units. The following additional information is available: June 1 inventory June 15 purchase June 23 purchase Units 200 400 400 1,000 Unit Total Cost Cost $12 $2,400 14 5,600 156,000 $14,000 (a) Calculate the June 30 inventory and the June cost of goods sold, using the weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 5.27 and final...
Exercise 8-18
The following information is for the inventory of mini-kettles at
Bridgeport Company Limited for the month of May.
Date
Transaction
Units
In
Unit
Cost
Total
Units
Sold
Unit
Price
Total
May 1
Balance
130
$4.40
$572
6
Purchase
850
4.40
3,740
7
Sale
330
$7.40
$2,442
10
Sale
330
7.60
2,508
12
Purchase
430
4.80
2,064
15
Sale
250
7.80
1,950
18
Purchase
330
4.80
1,584
22
Sale
430
7.80
3,354
25
Purchase
520
4.60
2,392
30
Sale...
Exercise 8-17
The following information is for the inventory of mini-kettles at
Concord Company Limited for the month of May:
Date
Transaction
Units
In
Unit
Cost
Total
Units
Sold
Unit
Price
Total
May 1
Balance
100
$4.20
$420
6
Purchase
810
4.40
3,564
7
Sale
310
$7.00
$2,170
10
Sale
310
7.40
2,294
12
Purchase
450
5.00
2,250
15
Sale
250
8.00
2,000
18
Purchase
300
4.80
1,440
22
Sale
450
7.80
3,510
25
Purchase
520
4.40
2,288
30
Sale...
$4,10 6 100 800 E8.11 (103) (Compute FIFO and Average-Cost-Periodic) The following information is related to radios for the Couples Company for the month of July Units Units Selling Date Transaction Units In Cost Total Sold Price Total July 1 Balance $410 Purchase 4.30 3,440 Sale $7.00 $ 2.100 Sale 7.30 2.190 Purchase 1.804 15 Sale 7.40 1.480 Purchase 300 1,380 22 Sale 2.960 25 Purchase 500 4.58 2,290 30 Sale 200 7.50 1,500 Totals 2,100 $9,324 1.400 $10,230 4.51...
Kaleta Company uses the perpetual inventory system and reports
the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
200
$5
$1,000
12
Purchase
400
6
2,400
23
Purchase
300
7
2,100
30
Inventory
100
Assume a sale of 440 units occurred on June 15 for a selling price
of $8 and a sale of 360 units on June 27 for $9.
Calculate the cost of the ending inventory and the cost of...
Brief Exercise 6A-4 The following is a record of Windsor Company's transactions for the month of May 2017 May 1 12 Balance 410 units @ $22 Purchase 570 units @ $25 May 10 20 Sale 300 units @ $39 Sale 510 units @ $39 Compute the cost of ending inventory using the moving-average method. (Round average cost per unit to 3 decimal places, Ending inventory $ LINK TO TEXT Brief Exercise 6A-3 The following is a record of Teal Company's...
Exercise 6-17 (Part Level Submission) Kaleta Company uses the perpetual inventory system and reports the following for the month of June. Date Unit Cost June 1 12 Explanation Inventory Purchase Purchase Inventory Units 200 400 Total Cost $1,000 2,400 2,100 6 7 23 300 30 100 OLCA! O LOULOU O olluin - 0 C El O CLIC Assume a sale of 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on...
Problem 6-4A (Part Level Submission) You are given the following information for Wildhorse Company for the month ended November 30, 2017: Unit Price 44 Date Description Nov. 1 Beginning inventory 9 Purchase 15 Sale 22 Purchase 29 Sale 30 Purchase Units 56 110 (115) 145 (160) 43 Wildhorse Company uses a perpetual inventory system. All sales and purchases are on account. v (a) Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted decimal...
More & More Limited uses a periodic inventory system. On June 24, the company sold 600 units. The following additional information is available: June 1 inventory June 15 purchase June 23 purchase Units 200 400 400 1,000 Unit Total Cost Cost $12 $2,400 14 5,600 156,000 $14,000 (a) Calculate the June 30 inventory and the June cost of goods sold, using the weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 5.27 and final...