Question: 9. 20 Points Date Quantity Cost Total Cost Aug 1st Beginning Inventory 10 $91 $910 Aug 3rd 25 $100 $2,500 Aug 17th 25 $112

9. 20 Points Date Quantity Cost Total Cost Aug 1st Beginning Inventory

9. 20 Points Date Quantity Cost Total Cost Aug 1st Beginning Inventory 10 $91 $910 Aug 3rd 25 $100 $2,500 Aug 17th 25 $112 $2,800 Aug 28th 35 $114 $3,990 Total Purchases 85 $9,290 Available for sale 95 $10,200 Units Sold Ending Inventory 43 ? 52 ? Calculate the units sold $ and the Ending Inventory $ the following: a. Weighted average b. First In, First Out (FIFO) c. Last In, First Out (LIFO) 2 E

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1.Digby's balance sheet has $86,494,000 in equity. If next year, assets decrease by $4,000,000 and liabilities increase by $2,000,000, what will be Digby's book value? Select: 1 $32,712,000...

2. 3 4 13 1 See The Light Projected Income Statement For the Period Ending December 31, 20x1 15 6 7 6 7 8 MON 750.000.00 $ 375000.00 Sales 25.000 lamps @ $4500 Cost of Goods Sold $30.00 Gross Profit...

Please read the instructions and complete the project as required, USING EXCEL. Everything needed should be included. INSTRUCTIONS: Req. 16: Obtain the Labor Time Records for the week to determine...

Job Costing Project real-time, eliminate tedious calculations, and prevent errors. However, the underlying process is the same regardless of whether the company uses electronic or manual documents....

Custom Fabric Ventures is a small company that produces fabric-based wardrobe accessories (such as, handbags, scarves, and headbands) and home accessories (such as placemats, pillows, and window...

i just need the financial statement (last 3 photos) i have a lot of trouble getting it done 6 8 Jan 1 Data for Budget Assignment Master Budget Case for Altec Manufacturing Inc 3 fiscal year end...

Help needed for job costing assignment.I need to show all the calculations. Job Order Costing PROJECT Krishna saxena | cost measurement, plan & control | 20 th feb'2017 1 Custom Fabric Ventures is a...

Using ?VehicleFailureData? available on the course website, answer the following: Classify each variable as nominal, ordinal, interval or ratio. Identify qualitative and quantitative variables. How...

Presented below is information related to Viel Company at December 31, 2017, the end of its first year of operations. Sales revenue $310,000 Cost of goods sold 140,000 Selling and administrative...

One of the principal reasons for selecting the LIFO cost flow assumption instead of the FIFO cost flow assumption in an inflationary economic environment is that: A. net income will be higher. B....

Determine if the function f ( x ) = 3 x 2 - 4 x satisfies the Mean Value Theorem on [ 1 , 2 5 ] . If so , find all numbers c on the interval that satisfy the theorem.

+2r-1 23. lim is equal to 2r-3r-2, a. 0 e. 1/2 b. o d. none of these

is 25. The value of lim cos b. e d. none of these

1: In preparing its bank reconciliation for the month of April 2013, Flip, Inc. has available the following information. Balance per bank statement, 4/30/13 $39,300 NSF check returned with 4/30/13...

Q1. Emerging technologies and how they have been influenced by analytics.

Write a program in C to store name, ID, school grade, college grade using linked list and display the list

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

C8.1. Why is income in the equity portion of the balance sheet called "dirty-surplus" income?

Bracy Company acquired a new piece of construction equipment on January 1, 2009, at a cost of $100,000. The equipment was expected to have a useful life of 10 years and a residual value of LO4...

Unless they use IFRS, foreign companies with securities listed in the United States (in the form ofADRs) are required to reconcile their net income and stockholders equity to U.S. GAAP in the annual...