*Problem 6-3A Alternative cost flows-periodic L08 CHECK FIGURES: Cost of goods sold: a. $57,000.00; b. $58,160.90...
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*Problem 6-3A Alternative cost flows-periodic L08 CHECK FIGURES: Cost of goods sold: a. $57,000.00; b. $58,160.90 Use the data from Problem 6-2A and do Part 1, assuming Stilton Company uses a periodic inventory costing system. Round calculations to two decimal places. Problem 6-4A Gross profit comparisons and cost flow assumptions-perpetual LO2, 3 excel CHECK FIGURES: 1. Ending inventory: a. $9,600,00; b. $10,982.30 Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning inventory. Feb. 10 purchased. Feb. 20 sold. Tad @ 280 units 195 units 360 units 290 units 255 units @ @ @ @ 510 units @ Mar. 13 purchased. Sept. 5 purchased. Oct. 10 sold. Gale Company employs a perpetual inventory system. Required 1. Calculate the dollar value of ending inventory and cost of goods sold using. a. FIFO b. Moving weighted average. Round all unit costs to two decimal places. $80/unit $84/unit $160/unit $78/unit $64/unit $160/unit *Problem 6-3A Alternative cost flows-periodic L08 CHECK FIGURES: Cost of goods sold: a. $57,000.00; b. $58,160.90 Use the data from Problem 6-2A and do Part 1, assuming Stilton Company uses a periodic inventory costing system. Round calculations to two decimal places. Problem 6-4A Gross profit comparisons and cost flow assumptions-perpetual LO2, 3 excel CHECK FIGURES: 1. Ending inventory: a. $9,600,00; b. $10,982.30 Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning inventory. Feb. 10 purchased. Feb. 20 sold. Tad @ 280 units 195 units 360 units 290 units 255 units @ @ @ @ 510 units @ Mar. 13 purchased. Sept. 5 purchased. Oct. 10 sold. Gale Company employs a perpetual inventory system. Required 1. Calculate the dollar value of ending inventory and cost of goods sold using. a. FIFO b. Moving weighted average. Round all unit costs to two decimal places. $80/unit $84/unit $160/unit $78/unit $64/unit $160/unit
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1 Calculate the dollar value of ending inventory and cost of goods sold using a FIFO Beginning inventory 280 units 80 per unit 22400 Feb 10 purchase 1... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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