During the year, Trombley Incorporated has the following inventory transactions. Number of Units Unit Date Transaction...
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During the year, Trombley Incorporated has the following inventory transactions. Number of Units Unit Date Transaction Cost Jan. 1 Beginning inventory Mar. 4 Purchase Total Cpst $ 440 20 $ 22 25 21 525 Jun. 9 Purchase 30 20 600 Nov.11 Purchase 30 18 540 105 $2,105 For the entire year, the company sells 81 units of inventory for $30 each. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost per Cost per Cost of Goods Available for Sale # of units # of units Goods # of units Cost Ending unit unit per unit Inventory Sold Beginning Inventory 2$ $ %24 Purchases Mar 04 Jun 09 ook 24 Nov 11 Hent Total -Port eterences Sales revenue Gross profit %24 %24 During the year, Trombley Incorporated has the following inventory transactions. Number Unit Cost Date Transaction of Units Jan. 1 Beginning inventory Total Cost $ 440 20 $ 22 Mar. 4 Purchase 25 21 525 Jun. 9 Purchase 30 20 600 Nov.11 Purchase 30 18 540 105 $2,105 For the entite year, the company sells 81 units of inventory for $30 each. aces LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Cost of Cost per Cost per unit Ending per unit Inventory Cost # of units Goods Sold # of units # of units Available for Sale unit Beginning Inventory Purchases Mar 04 Jun 09 Nov 11 Total es Sales revenue Gross profit During the year, Trombley Incorporated has the following inventory transactions. Number of Units Unit Date Transaction Cost Jan. 1 Beginning inventory Mar. 4 Purchase Total Cpst $ 440 20 $ 22 25 21 525 Jun. 9 Purchase 30 20 600 Nov.11 Purchase 30 18 540 105 $2,105 For the entire year, the company sells 81 units of inventory for $30 each. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost per Cost per Cost of Goods Available for Sale # of units # of units Goods # of units Cost Ending unit unit per unit Inventory Sold Beginning Inventory 2$ $ %24 Purchases Mar 04 Jun 09 ook 24 Nov 11 Hent Total -Port eterences Sales revenue Gross profit %24 %24 During the year, Trombley Incorporated has the following inventory transactions. Number Unit Cost Date Transaction of Units Jan. 1 Beginning inventory Total Cost $ 440 20 $ 22 Mar. 4 Purchase 25 21 525 Jun. 9 Purchase 30 20 600 Nov.11 Purchase 30 18 540 105 $2,105 For the entite year, the company sells 81 units of inventory for $30 each. aces LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Cost of Cost per Cost per unit Ending per unit Inventory Cost # of units Goods Sold # of units # of units Available for Sale unit Beginning Inventory Purchases Mar 04 Jun 09 Nov 11 Total es Sales revenue Gross profit
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Working notes Trombley Incorporated Weighted Average cost Cost of goods available for sale COGS Av... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1259914898
5th edition
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
Posted Date:
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