Homework Answers
| Date | Particulars | Units | Rate | Amount | |
| 1-Apr | Inventory | 260 | $ 29.00 | $ 7,540.00 | |
| 15-Apr | Purchase | 360 | $ 35.00 | $ 12,600.00 | |
| 23-Apr | Purchase | 380 | $ 38.00 | $ 14,440.00 | |
| Goods available | 1000 | $ 34,580.00 | |||
| Sales | |||||
| From | 23-Apr | 380 | $ 38.00 | $ 14,440.00 | |
| From | 15-Apr | 70 | $ 35.00 | $ 2,450.00 | |
| Cost of Goods Sold | 450 | $ 16,890.00 | |||
| Ending Inventory | |||||
| From | 15-Apr | 290 | $ 35.00 | $ 10,150.00 | |
| From | 1-Apr | 260 | $ 29.00 | $ 7,540.00 | |
| Ending Inventory | 550 | $ 17,690.00 | |||
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x Your answer is incorrect. Try again. Waterway Company uses a periodic inventory system. For April,...
Units Unit Cost Total Cost April 1 inventory 260 $29 $ 7,540 April 15 purchase 360...
Units Unit Cost Total Cost April 1 inventory 260 $29 $ 7,540 April 15 purchase 360 35 12,600 April 23 purchase 380 38 14,440 1,000 $34,580 (a) Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per unit
Coronado Company uses a periodic inventory system. For April, when the company sold 450 units, the...
Coronado Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost $7,260 April 1 inventory April 15 purchase April 23 purchase 330 380 290 $22 26 29 9.880 8.410 $25,550 1.000 Compute the April 30 inventory and the April cost of goods sold using the LIFO method, Ending inventory Cost of goods sold $ $ e Textbook and Media Attempts: 1 of 3 used Save for...
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the...
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the...
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
CALCU Brief Exercise 196 x Your answer is incorrect. Try again. Blue Spruce Company's inventory records show the fo...
CALCU Brief Exercise 196 x Your answer is incorrect. Try again. Blue Spruce Company's inventory records show the following data for the month of September: Inventory, September 1 Purchases: September 8 September 18 Units Unit Cost 80 $2.90 450 3.50 300 3.90 A physical inventory on September 30 shows 140 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system. Ending inventory Cost of...
*Brief Exercise 8-6 Nash Company uses a periodic inventory system. For April, when the company sold 600 units, the f...
*Brief Exercise 8-6 Nash Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory $ 8,680 280 $31 April 15 purchase 450 37 16,650 270 April 23 purchase 10,800 40 1,000 $36,130 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
Pearl Company uses a periodic inventory system. For April, when the company sold 650 units, the...
Pearl Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available Units Unit Cost Total Cost April 1 Inventory $34 $ 10,540 April 15 purchase 41 17,220 April 23 purchase 270 11,880 1,000 $39,640 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending Inventory Cost of goods sold
Bonita Company uses a periodic inventory system. For April, when the company sold 550 units, the...
Bonita Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Unit Cost $19 April 1 inventory April 15 purchase April 23 purchase Units 300 410 290 1,000 Total Cost $ 5,700 9,430 7,250 $22,380 25 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the...
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units 300 April 1 inventory April 15 purchase April 23 purchase Unit Cost $33 40 440 260 Total Cost $ 9,900 17,600 11,180 $38,680 43 1,000 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Wildhorse Company uses a periodic inventory system. For April, when the company sold 570 units, the...
Wildhorse Company uses a periodic inventory system. For April, when the company sold 570 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 250 $28 34 $7,000 11,900 April 15 purchase 350 April 23 purchase 400 36 14,400 $33,300 1,000 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold $ $
Coronado Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost $7,260 April 1 inventory April 15 purchase April 23 purchase 330 380 290 $22 26 29 9.880 8.410 $25,550 1.000 Compute the April 30 inventory and the April cost of goods sold using the LIFO method, Ending inventory Cost of goods sold $ $ e Textbook and Media Attempts: 1 of 3 used Save for...
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
Cheyenne Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available Apri 1 inventory April 15 purchase April 23 purchase Units Unit Cost Total Cost $11 13 14 220 450 330 1,000 串2,420 5,850 4,620 $12,890 Compute the April 30 inventory and the April cost of goods sold using the LIFO method Ending inventory Cost of goods sold
CALCU Brief Exercise 196 x Your answer is incorrect. Try again. Blue Spruce Company's inventory records show the following data for the month of September: Inventory, September 1 Purchases: September 8 September 18 Units Unit Cost 80 $2.90 450 3.50 300 3.90 A physical inventory on September 30 shows 140 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses LIFO inventory costing and a periodic inventory system. Ending inventory Cost of...
*Brief Exercise 8-6 Nash Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory $ 8,680 280 $31 April 15 purchase 450 37 16,650 270 April 23 purchase 10,800 40 1,000 $36,130 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
Pearl Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available Units Unit Cost Total Cost April 1 Inventory $34 $ 10,540 April 15 purchase 41 17,220 April 23 purchase 270 11,880 1,000 $39,640 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending Inventory Cost of goods sold
Bonita Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Unit Cost $19 April 1 inventory April 15 purchase April 23 purchase Units 300 410 290 1,000 Total Cost $ 5,700 9,430 7,250 $22,380 25 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units 300 April 1 inventory April 15 purchase April 23 purchase Unit Cost $33 40 440 260 Total Cost $ 9,900 17,600 11,180 $38,680 43 1,000 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold $
Wildhorse Company uses a periodic inventory system. For April, when the company sold 570 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 250 $28 34 $7,000 11,900 April 15 purchase 350 April 23 purchase 400 36 14,400 $33,300 1,000 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold $ $
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