Question: pls help Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: (a) Compute the cost of the

pls help

Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost. (Round average cost per unit to 2 decimal places, es. 5.25 and final answers to 0 decimal places, es. 2.520.)

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!

Analysis of Errors: Correcting Entries and Correct Pretax Income Travis Inc. has just completed its nancial statements for the reporting year ended December 31 of Year 5. Pretax income is $160,000....

Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Date June 1 (a) 12 23 30 Ending inventory Cost of goods sold Explanation Inventory Purchase...

Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Date June 1 12 23 Explanation Units Inventory Purchase Purchase 30 Inventory Ending inventory 180...

Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Date June 1 (a) 12 23 30 Explanation Units Inventory Purchase Purchase Inventory Ending inventory...

Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Date June 1 (a) 12 23 Explanation Units Inventory Purchase Purchase 30 Inventory Ending inventory...

ASAP ! Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Date June 1 (a) 12 23 30 Explanation Inventory Purchase Purchase Inventory Ending...

Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Date June 1 (a) 12 23 30 Explanation Inventory Purchase Purchase Inventory Ending inventory Units...

Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Date June 1 12 23 30 Explanation Inventory Purchase Purchase Inventory Units 225 525 750 280 Unit...

Compute the cost of the ending irventory and the cost of roods sold under (1) FIFO, (2) LFO, and (3) averagecost. (Round overoge cost per unit to 2 decimal places, es. 5.25 and final intwers to 0...

#23 Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO,...

Uber Technologies Inc. issued $2 billion of bonds in October 2018. The total bond issuance included $500 million of five-year bonds with a 7.5% coupon and $1.5 billion of eight-year bonds with an 8%...

Fill out the following table for substance ammonia

If an accountant is asked to provide some form of a comfort letter to a lender for a client, which of the following is a statement that would be appropriate for the accountant to make to the lender:...

Using the 1H NMR spectra of Dibenzalacetone; deduce the geometry of the C=C bonds & explain if it is Cis or Trans.

A beaker containing water is placed on the pan of a balance which shows a reading of M.A lump of sugar of mass m and volume V0 is now suspended by a thread (from an in depended support) in such a way...

Point charges of 3 X 10-9 cool are situated at each of three corners of a square whose side is 15 cm. Find the magnitude and direction of the electric field at the vacant corner point of the square. ?

The current share price of a company is $25. The company has 1M shares outstanding. The total value of debt is $10M. The company announced that it is going to repurchase $100,000 worth of stock. What...

A boy is carrying a fish in one hand and a bucket full of water in the other hand. He then places the fish in the bucket thinking that in accordance with Archimedes principle, he is now carrying less...

Question 3 4 of 5 0 You're writing a long email to your team, summarizing the outcomes of an important meeting. Considering this will be a long email, what three elements should you likely include? a...

12.4 Analyze the main advantages and disadvantages of salary plans and commission plans for salespeople.

=+Could you use an ambient ad?

2. Discussthe types of compensation programs and plans available to Marilyn to motivate and retain her existing staff. Marilyn Brown started her chain of 10 wedding bou-tiques approximately five...