how do I submit October 31 ? Take a Test - gisselle ayala - Google Chrome mathxl.com/Student/PlayerTest.aspx?testid=213020998¢erwin=yes 2020 Summer_ACCT 2301-86005_TCC Connect_5wk gisselle ayala & |

how do I submit October 31 ?

Take a Test - gisselle ayala - Google Chrome mathxl.com/Student/PlayerTest.aspx?testid=213020998&centerwin=yes 2020 Summer_ACCT 2301-86005_TCC Connect_5wk gisselle ayala & | 06/14/20 2:14 P Quiz: Chapter 6 - Credit Quiz - 10 points Submit Qu This Question: 1 pt 4 of 10 This Quiz: 10 pts possi ork iz/Test Hudson Cycles started October with 25 bicycles that cost $65 each. On October 16, Hudson bought 50 bicycles at $80 each. On October 31, Hudson sold 40 bicycles for $96 each. Requirements 1. Prepare Hudson Cycle's perpetual inventory record assuming the company uses the FIFO inventory costing method. 2. Journalize the October 16 purchase of merchandise inventory on account and the October 31 sale of merchandise inventory on account. Requirement 1. Prepare Hudson Cycle's perpetual inventory record assuming the company uses the FIFO inventory costing method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first. Abbreviation used: QTY - Quantity; Tot. = Total) Hudson Cycles Purchases Cost of Goods Sold Inventory on Hand Date QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost Oct. 1 25 65 1625 Choose from any list or enter any number in the input fields and then continue to the next question. ? Save for Later Search O L 111 9 2:14 PM 6/14/202