Question: please solve in 20 mins i will thumb up Pineapple Company prepares monthly financial statements and uses the periodic weighted average method. Pineapple Company has

please solve in 20 mins i will thumb up Pineapple Company

prepares monthly financial statements and uses the periodic weighted average method. Pineapple

please solve in 20 mins i will thumb up

Pineapple Company prepares monthly financial statements and uses the periodic weighted average method. Pineapple Company has the following information available for inventory for the month of January. Date Units Unit cost Balance at 3,000 $9.77 January 1 Purchases: January 6 2,000 10.30 January 26 2,700 10.70 January 10 2,500 January 30 3,900 Sales: January 26 2,700 Sales: January 10 2,500 January 30 3,900 Required: Prepare the journal entries required on January 31, 2021. Hint: Calculate the COGS and ending inventory at January 31. Use four decimal places when calculating unit costs. 10.70

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

please solve in 20 mins i will thumb up Pineapple Company prepares monthly financial statements and uses the periodic weighted average method. Pineapple Company has the following information...

Pineapple Company prepares monthly financial statements and uses the periodic weighted average method. Pineapple Company has the following information available for inventory for the month of...

May I please get help with 3,4,5 thank you. This is for finance. With adjusting entries Multiple Choice (10 points) 1. An increase in an expense a. increases revenues. b. increases assets. c....

X company prepares monthly financial statements and uses the periodic weighted average method. At April 30, 2021, in inventory there were 2,500 units on hand that cost $10.00 per unit. In addition,...

3. At the beginning of January 2013,Aeropostalehad a balance of $10,000 in its Retained Earnings account. During the month of January 2013, the company engaged in the following transactions? What was...

18-4 help PRACTICE Learning Goal 18, continued IA 18-3. Review of 10-5. Review of perpetual and periodi LEO and averave methods. A business prepares monthly financial statements, and its inventory...

I. Past: Discuss three important incidences which occurred in your lifetime that have made a poignant impact on how you look at yourself and others. Describe how these experiences helped to "mold"...

Don Ltd. purchased 80% of the outstanding shares of Gunn Ltd. Before the purchase, Gunn had a deferred charge of $10.5 million on its balance sheet. This item consisted of organization costs that...

The cost function y = 8 , 0 0 0 + 4 X: Question 5 options: represents a mixed cost will intersect the y - axis at 4 is a curved line has a slope coefficient of 8 , 0 0 0

https://media.cheggcdn.com/media/e59/e5900ba1-02b0-44ab-8246-fb980e24e7c1/phpDkQ6Ux

Private markets are powerless to combat adverse selection, so the only solution is a government-mandated insurance contract.

The main advantage of a Cochrane insurance contract over a guaranteed renewable contract is that it does not rely on a legally unenforceable binding lifetime commitment.

In a RothschildStiglitz model separating equilibrium, there is a volume discount for insurance purchases those who choose to buy more insurance pay a lower per-unit price for it.