Agile Supply Company provides you with the following information: Units 600 700 400 20x6 Ending inventory...
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Agile Supply Company provides you with the following information: Units 600 700 400 20x6 Ending inventory 20X7 LIFO Layer 20X8 LIFO Layer In 20x9, Agile purchases 7,000 units at $119,000, and sells 7,500 units. Calculate Agile's 20X9 ending inventory and cost of goods sold. 4. Ajaz Mercantile, a 20x8 start-up. shows the following inventory data for 20X8 Units January 12 April 14 July 17 October 21 Ending Inventory Purchase date 20X7 February 5 April 12 August 3 20X8 in 20x9, Ajaz purchases an additional 5.000 units for $150.000. if 20X9 sales are 6.000 units, what does Ajaz report for 20x9 ending inventory and cost of goods sold? January 21 March 6 1.200 1,500 1,000 2,000 3,000 5. Crossover Bass Co., which began business in 20X7 and uses LIFO costing. under the periodic method, made the following inventory purchases: July 22 December 12 a. 20x7. b. 20x8. Units 2.200 1.900 3.000 Cost/Uni t $22 1,000 1.300 $24 $25 $26 1.300 1,800 Cost $7.800 9.800 6.400 Unit cost $20 $21 $22 $24 $24 Cost $26.400 36,000 25.000 52.000 $26 $25 Total Cost $44.000 39,900 66.000 $24.000 31.200 33.800 45,000 Sales for Crossover Bass Co. were as follows: in 20X7, 4.400 units: and in 20XB, 7,600 units. Calculate ending inventory and cost of goods sold for: Agile Supply Company provides you with the following information: Units 600 700 400 20x6 Ending inventory 20X7 LIFO Layer 20X8 LIFO Layer In 20x9, Agile purchases 7,000 units at $119,000, and sells 7,500 units. Calculate Agile's 20X9 ending inventory and cost of goods sold. 4. Ajaz Mercantile, a 20x8 start-up. shows the following inventory data for 20X8 Units January 12 April 14 July 17 October 21 Ending Inventory Purchase date 20X7 February 5 April 12 August 3 20X8 in 20x9, Ajaz purchases an additional 5.000 units for $150.000. if 20X9 sales are 6.000 units, what does Ajaz report for 20x9 ending inventory and cost of goods sold? January 21 March 6 1.200 1,500 1,000 2,000 3,000 5. Crossover Bass Co., which began business in 20X7 and uses LIFO costing. under the periodic method, made the following inventory purchases: July 22 December 12 a. 20x7. b. 20x8. Units 2.200 1.900 3.000 Cost/Uni t $22 1,000 1.300 $24 $25 $26 1.300 1,800 Cost $7.800 9.800 6.400 Unit cost $20 $21 $22 $24 $24 Cost $26.400 36,000 25.000 52.000 $26 $25 Total Cost $44.000 39,900 66.000 $24.000 31.200 33.800 45,000 Sales for Crossover Bass Co. were as follows: in 20X7, 4.400 units: and in 20XB, 7,600 units. Calculate ending inventory and cost of goods sold for:
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Related Book For
Managerial Accounting
ISBN: 978-1118385388
2nd edition
Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle
Posted Date:
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