ACC 113 Project 1C During the month of September 2015, Emily Company had the following information...

 
 
 
 
 

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ACC 113 Project 1C During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory Sept. 1 Beginning inventory of 340 units @ $130 per unit. 8 Purchased 435 units @ $140 per unit. 12 Sold 260 units. 17 Sold 130 units. 23 Purchased 110 units@ $160 per unit. 25 Purchased 160 units @ $170 per unit. 30 Sold 110 units. Your answer is correct. Compute the Goods Available for Sale (in both Units and Dollars). (Do not use dollar signs (S) when entering amounts. To see comma- must enter your answers with commas.) Date Sept. 1 Sept. 8 Sept, 25 Sept. 25 Beginning Inventory Purchases Purchases Type here to search Compute the total units sold and total units in the ending inventory. O Units B A 340 435 110 160 1045 Cost/Unit 130 140 160 170 Amount 44200 60900 17600 27200 149900 ent Compute the total units sold and total units in the ending inventory. Total Units Sold Units in the Ending Inventory Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. SHOW SOLUTION 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Print open your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you have complet LINK TO TEXT LINK TO TEXT Sept. Your answer is partially correct. Try again. Compute the value of the ending inventory at the end of September under the FIFO periodic cost flow assumption. (Do not use dollar signs (S) numbers reflected in your final answers, you must enter your answers with commas.) Date Number of Units Cost/Unit Sept 23 500 pe here to search 545 435 110 n 140 160 Total 60900 17600 gnment S dy Sept. 23 Sept, 25 Ending Inventory 110 160 705 1 En Palis 1 ype here to search 149900 160 minus 170 Compute the value of the cost of goods sold at the end of September under the FIFO periodic cost flow assumption. (Do not use dolm numbers reflected in your final answers, you must enter your answers with commas.) Cost of Goods Sold Goods Available for Sale Ending Inventory 105700 17600 27200 Your answer is partially correct. Try again. 2000-2013.h&as Ins. All Rights Reserved. A Division of the WeASons Inc. 105700 44200 Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for later" button to save your work. 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Printe open your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you have complete LINK TO TEXT LINK TO TEXT 1. Your answer is partially correct. Try again. Compute the value of the ending inventory at the end of September under the LIFO periodic cost flow assumption. (Do not L numbers reflected in your final answers, you must enter your answers with commas.) Date Number of Units Cost/Unit Sept. 1 Sept. 8 340 435 775 149900 44800 130 minus 140 Compute the value of the cost of goods sold at the end of September under the LIFO periodic cost flow assumption. (Do not use a numbers reflected in your final answers, you must enter your answers with commas:) Cost of Goods Sold Goods Available for Sale Ending Inventory Total 105100 44200 60900 105100 Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Pri open your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you have comm Privacy Policy | 2000-2018 John Wil&Sons Inc. ment numbers reflected in your final answers, you must enter your answers with commas.) Number of Units Cost/Unit Date Sept. 12 G Sept. 17 Sept. 17 Sept. 30 Cost of Goods Sold Sept. 8 Sept. 23 Sept. 23 Ending Inventory 260 80 1 Privasi Balicy | be here to search 50 110 500 435 110 160 705 130 130 i 140 Compute the value of the ending inventory at the end of September under the FIFO perpetual cost flow assumption. (Do not use dollar sig. numbers reflected in your final answers, you must enter your answers with commas.) Date Number of Units Cost/Unit 140 140 Total 160 170 33800 Total 10400 7000 15400 66600 60900 17600 27200 Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. Y Whan unus ar radu to hanin tha navt action in afaran the one that have anlatait be clicking on the "Dritarare 2000-2017 John Wiley & Sons Inc. All Rights Reserved: A Division of John Wiley & Song Inc O 105700 ACC 113 Project 1C During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory Sept. 1 Beginning inventory of 340 units @ $130 per unit. 8 Purchased 435 units @ $140 per unit. 12 Sold 260 units. 17 Sold 130 units. 23 Purchased 110 units@ $160 per unit. 25 Purchased 160 units @ $170 per unit. 30 Sold 110 units. Your answer is correct. Compute the Goods Available for Sale (in both Units and Dollars). (Do not use dollar signs (S) when entering amounts. To see comma- must enter your answers with commas.) Date Sept. 1 Sept. 8 Sept, 25 Sept. 25 Beginning Inventory Purchases Purchases Type here to search Compute the total units sold and total units in the ending inventory. O Units B A 340 435 110 160 1045 Cost/Unit 130 140 160 170 Amount 44200 60900 17600 27200 149900 ent Compute the total units sold and total units in the ending inventory. Total Units Sold Units in the Ending Inventory Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. SHOW SOLUTION 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Print open your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you have complet LINK TO TEXT LINK TO TEXT Sept. Your answer is partially correct. Try again. Compute the value of the ending inventory at the end of September under the FIFO periodic cost flow assumption. (Do not use dollar signs (S) numbers reflected in your final answers, you must enter your answers with commas.) Date Number of Units Cost/Unit Sept 23 500 pe here to search 545 435 110 n 140 160 Total 60900 17600 gnment S dy Sept. 23 Sept, 25 Ending Inventory 110 160 705 1 En Palis 1 ype here to search 149900 160 minus 170 Compute the value of the cost of goods sold at the end of September under the FIFO periodic cost flow assumption. (Do not use dolm numbers reflected in your final answers, you must enter your answers with commas.) Cost of Goods Sold Goods Available for Sale Ending Inventory 105700 17600 27200 Your answer is partially correct. Try again. 2000-2013.h&as Ins. All Rights Reserved. A Division of the WeASons Inc. 105700 44200 Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for later" button to save your work. 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Printe open your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you have complete LINK TO TEXT LINK TO TEXT 1. Your answer is partially correct. Try again. Compute the value of the ending inventory at the end of September under the LIFO periodic cost flow assumption. (Do not L numbers reflected in your final answers, you must enter your answers with commas.) Date Number of Units Cost/Unit Sept. 1 Sept. 8 340 435 775 149900 44800 130 minus 140 Compute the value of the cost of goods sold at the end of September under the LIFO periodic cost flow assumption. (Do not use a numbers reflected in your final answers, you must enter your answers with commas:) Cost of Goods Sold Goods Available for Sale Ending Inventory Total 105100 44200 60900 105100 Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Pri open your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you have comm Privacy Policy | 2000-2018 John Wil&Sons Inc. ment numbers reflected in your final answers, you must enter your answers with commas.) Number of Units Cost/Unit Date Sept. 12 G Sept. 17 Sept. 17 Sept. 30 Cost of Goods Sold Sept. 8 Sept. 23 Sept. 23 Ending Inventory 260 80 1 Privasi Balicy | be here to search 50 110 500 435 110 160 705 130 130 i 140 Compute the value of the ending inventory at the end of September under the FIFO perpetual cost flow assumption. (Do not use dollar sig. numbers reflected in your final answers, you must enter your answers with commas.) Date Number of Units Cost/Unit 140 140 Total 160 170 33800 Total 10400 7000 15400 66600 60900 17600 27200 Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. Y Whan unus ar radu to hanin tha navt action in afaran the one that have anlatait be clicking on the "Dritarare 2000-2017 John Wiley & Sons Inc. All Rights Reserved: A Division of John Wiley & Song Inc O 105700

Answer rating: 100% (QA)

Goods available for sale Date Units CostUnit Amount September 1 Begining inventory 340 130 44200 September 8 Purchases 435 140 60900 September 23 Purchases 110 160 17600 September 25 Purchases 160 170 27200 Goods available for sale 1045 149900 Total units sold 260130110 500 units Units in ending inventory 1045 units500 uniits 545 units FIFO Method Date PURCHASED ISSUED BALANCED Quantity Price Value Quantity Price Value Quantity Price Value September 1 340 130 44200 September 8 435 140 60900 340 130 44200 435 140 60900 September 12 260 130 33800 80 130 10400 435 140 60900 September 17 80 130 10400 50 140 7000 385 140 53900 September 23 110 160 17600 385 140 53900 110 160 17600 September 25 160 170 27200 385 140 53900 110 160 17600 160 170 27200 September 30 110 140 15400 275 140 38500 110 160 17600 160 170 27200 Cost of goods sold 3380010400700015400 66600 Ending inventory 27514038500 11016017600 16017027200 Units545 units Value83800 LIFO Method Date PURCHASED ISSUED BALANCED Quantity Price Value Quantity Price value Quantity price value Sep 1 340 130 44200 Sep ... View the full answer