Question: Exercise 6 - 4 ( Algo ) Calculate inventory amounts when costs are rising ( LO 6 - 3 ) 2 5 poonts During the

Exercise 6-4(Algo) Calculate inventory amounts when costs are rising (LO6-3)
25
poonts
During the year, TRC Corporation has the following invertory transactions.
\table[[,,,Rember of,tuelt,Tetel],[pente,,Transaction,units,Cont,Cost],[Janaary 1,Deginalife,mentery,57,fep,52,795],[Aberill 7 Buly 15,Rurchase Rerlhase,,1%8,51,],[duly 10,Purshase Purshase,,2er,5,11,171],[Octioter 6,Purchase,,117,55,6,471],[,,,518,,STP, W91]]
For the entire year, the company sells 443 units of inventory for $67 each.
Required:
1-s is b. Using FFFO, calculate ending imernory and cost of goods sold
1es d. Using FIFO, calculase sales revenue and gross prote
2-8 b. Uhing LFO, calculate ending invertory and cost of goods soid
2-8 d. Using LIFO, calculate sales reverme and gross protit
3-s 8 b . Using weighbed average cost, calculate ending invectory and cost of goods sold
3 e 8 d. Uhing weighted-average cost, cilculate sales revernue and pross protit
4. Determine which method will result in hugher profesbeity when ilvertory costs are nuing
Answer is comylete let not entirsly cerrest.
Complete this question ivy entering your anverers in the tabs betow.
Ne lis and b
Fees x and 4
Res 4
Cebt of Coods Avaluble fier Sale
Cest al Conods final
Iefing herestioy.For the entive yeac, the company selis 443 unes of inventory for 967 each.
Required:
1-s sb. Using FIFO, calculale ending imvention and cost of goods sold.
25
pore
tese Using PIFQ, calculane sales revenue and gross profit
2-85b. Using LFO, calculate ending inventory and cost of goods soid.
2-c5 d. Using UFO, calculate sales revenue and gross prolic.
3-s sb. Using weighned arverage cost, calculate ending imentory and cost of goods sold
3 es 8 d. Using weighted average cost, calculate sales revenue and gross profe
4. Determine which method will result in higher profitability when inventory costs are rising.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Feet la and b
Real ic and d
Req 2a and b
Ran 2 ar and 6
Feen 34 and b
Manc and d
Res 4
Uuing firf, cacculate ending inventory and cout of goode sold.\table[[January,1,Beginning,Inventory,57,549,52,793],[April 7,,Purchase,Investory,137,51,6,9%7],[July 16,,Purchase,,297,54,11,178],[Octaber 6,6,Purchase,,117,55,6,435],[,,,,518,,527,293]]
25
points
For the entire yeat, the company sells 443 units of inventory for $67 each.
Required:
1-a Exercise 6-4(Algo) Calculate inventory amounts when costs are rising (LO6-3)
25
poonts
During the year, TRC Corporation has the following invertory transactions.
\table[[,,,Rember of,tuelt,Tetel],[pente,,Transaction,units,Cont,Cost],[Janaary 1,Deginalife,mentery,57,fep,52,795],[Aberill 7 Buly 15,Rurchase Rerlhase,,1%8,51,],[duly 10,Purshase Purshase,,2er,5,11,171],[Octioter 6,Purchase,,117,55,6,471],[,,,518,,STP, W91]]
For the entire year, the company sells 443 units of inventory for $67 each.
Required:
1-s is b. Using FFFO, calculate ending imernory and cost of goods sold
1es d. Using FIFO, calculase sales revenue and gross prote
2-8 b. Uhing LFO, calculate ending invertory and cost of goods soid
2-8 d. Using LIFO, calculate sales reverme and gross protit
3-s 8 b . Using weighbed average cost, calculate ending invectory and cost of goods sold
3 e 8 d. Uhing weighted-average cost, cilculate sales revernue and pross protit
4. Determine which method will result in hugher profesbeity when ilvertory costs are nuing
Answer is comylete let not entirsly cerrest.
Complete this question ivy entering your anverers in the tabs betow.
Ne lis and b
Fees x and 4
Res 4
Cebt of Coods Avaluble fier Sale
Cest al Conods final
Iefing herestioy.For the entive yeac, the company selis 443 unes of inventory for 967 each.
Required:
1-s sb. Using FIFO, calculale ending imvention and cost of goods sold.
25
pore
tese Using PIFQ, calculane sales revenue and gross profit
2-85b. Using LFO, calculate ending inventory and cost of goods soid.
2-c5 d. Using UFO, calculate sales revenue and gross prolic.
3-s sb. Using weighned arverage cost, calculate ending imentory and cost of goods sold
3 es 8 d. Using weighted average cost, calculate sales revenue and gross profe
4. Determine which method will result in higher profitability when inventory costs are rising.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Feet la and b
Real ic and d
Req 2a and b
Ran 2 ar and 6
Feen 34 and b
Manc and d
Res 4
Uuing firf, cacculate ending inventory and cout of goode sold.\table[[January,1,Beginning,Inventory,57,549,52,793],[April 7,,Purchase,Investory,137,51,6,9%7],[July 16,,Purchase,,297,54,11,178],[Octaber 6,6,Purchase,,117,55,6,435],[,,,,518,,527,293]]
25
points
For the entire yeat, the company sells 443 units of inventory for $67 each.
Required:
1-a Exercise 6-4(Algo) Calculate inventory amounts when costs are rising (LO6-3)
25
poonts
During the year, TRC Corporation has the following invertory transactions.
\table[[,,,Rember of,tuelt,Tetel],[pente,,Transaction,units,Cont,Cost],[Janaary 1,Deginalife,mentery,57,fep,52,795],[Aberill 7 Buly 15,Rurchase Rerlhase,,1%8,51,],[duly 10,Purshase Purshase,,2er,5,11,171],[Octioter 6,Purchase,,117,55,6,471],[,,,518,,STP, W91]]
For the entire year, the company sells 443 units of inventory for $67 each.
Required:
1-s is b. Using FFFO, calculate ending imernory and cost of goods sold
1es d. Using FIFO, calculase sales revenue and gross prote
2-8 b. Uhing LFO, calculate ending invertory and cost of goods soid
2-8 d. Using LIFO, calculate sales reverme and gross protit
3-s 8 b . Using weighbed average cost, calculate ending invectory and cost of goods sold
3 e 8 d. Uhing weighted-average cost, cilculate sales revernue and pross protit
4. Determine which method will result in hugher profesbeity when ilvertory costs are nuing
Answer is comylete let not entirsly cerrest.
Complete this question ivy entering your anverers in the tabs betow.
Ne lis and b
Fees x and 4
Res 4
Cebt of Coods Avaluble fier Sale
Cest al Conods final
Iefing herestioy.For the entive yeac, the company selis 443 unes of inventory for 967 each.
Required:
1-s sb. Using FIFO, calculale ending imvention and cost of goods sold.
25
pore
tese Using PIFQ, calculane sales revenue and gross profit
2-85b. Using LFO, calculate ending inventory and cost of goods soid.
2-c5 d. Using UFO, calculate sales revenue and gross prolic.
3-s sb. Using weighned arverage cost, calculate ending imentory and cost of goods sold
3 es 8 d. Using weighted average cost, calculate sales revenue and gross profe
4. Determine which method will result in higher profitability when inventory costs are rising.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Feet la and b
Real ic and d
Req 2a and b
Ran 2 ar and 6
Feen 34 and b
Manc and d
Res 4
Uuing firf, cacculate ending inventory and cout of goode sold.\table[[January,1,Beginning,Inventory,57,549,52,793],[April 7,,Purchase,Investory,137,51,6,9%7],[July 16,,Purchase,,297,54,11,178],[Octaber 6,6,Purchase,,117,55,6,435],[,,,,518,,527,293]]
25
points
For the entire yeat, the company sells 443 units of inventory for $67 each.
Required:
1-a Exercise 6-4(Algo) Calculate inventory amounts when costs are rising (LO6-3)
25
poonts
During the year, TRC Corporation has the following invertory transactions.
\table[[,,,Rember of,tuelt,Tetel],[pente,,Transaction,units,Cont,Cost],[Janaary 1,Deginalife,mentery,57,fep,52,795],[Aberill 7 Buly 15,Rurchase Rerlhase,,1%8,51,],[duly 10,Purshase Purshase,,2er,5,11,171],[Octioter 6,Purchase,,117,55,6,471],[,,,518,,STP, W91]]
For the entire year, the company sells 443 units of inventory for $67 each.
Required:
1-s is b. Using FFFO, calculate ending imernory and cost of goods sold
1es d. Using FIFO, calculase sales revenue and gross prote
2-8 b. Uhing LFO, calculate ending invertory and cost of goods soid
2-8 d. Using LIFO, calculate sales reverme and gross protit
3-s 8 b . Using weighbed average cost, calculate ending invectory and cost of goods sold
3 e 8 d. Uhing weighted-average cost, cilculate sales revernue and pross protit
4. Determine which method will result in hugher profesbeity when ilvertory costs are nuing
Answer is comylete let not entirsly cerrest.
Complete this question ivy entering your anverers in the tabs betow.
Ne lis and b
Fees x and 4
Res 4
Cebt of Coods Av

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