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Posted on Aug 04, 2024

22 Sold merchandise on account to Yellow Co., $60,000. The cost of merchandise sold was $35,000 25 Received merchandise returned by Yellow co. from sale

22 Sold merchandise on account to Yellow Co., $60,000. The cost of merchandise sold was $35,000 25 Received merchandise returned by Yellow co. from sale of May 22, $6,000. The cost of the returned merchandise was $2,500. 28 Received cash on account from sale of May 12 to Red less the return of May13. 31 Paid VISA service fee of $3,000. art 2 What does FOB mean? Sheet1 Sheet2 Sheet3 Type here to search t 9 Backspace Insert Delete End Poup Enter Uvice Teen $3,000. Part 2 5 What does FOB mean? 37 What are the two types of FOB, and who pays under each method? 39 What account does the seller charge (debit) when she pays her own freight charges? 40 41 What account does the buyer charge (debit) when she pays her own freight charges? 43 What account does the seller charge (debit) when she pays the buyer's freight? 44 45 46 Part 3 Sheet1 Sheet2Sheet3 Type here to search Backspace A Calibri = = X Cut De Copy Format Painter O. GE Wrap Text Merge & Center - BIU. = = Clipboard Font Alignment G35 IB CDEFG 45 46 Part 3 48 Use the information below to determine the number of units in ending inventory 49 and the ending inventory value using the perpetual inventory system for FIFO. 50 ($) Number Per Date Transaction of units unit Apr. 3 Inventory S 30 Purchase Sale 8 60 800 820 11 30 Sale May 8 10 Purchase Sale 850 19 28 Sale P Purchase 900 63 Part 4 64 There are 10 units in ending inventory compute the value of the ending inventory 65 using the periodic inventory method. Compute the answer using FIFO, LIFO and the average 66 cost methods. (round your answer to the nearest whole number) 67 Price Cost Type here to search - BIU . 33 M erge & Center - $ - % Copy Format Painter Clipboard Fon: Alignment Number E F G ABC H 3 Part 4 4 There are 10 units in ending inventory compute the value of the ending inventory 55 using the periodic inventory method. Compute the answer using FIFO, LIFO and the average 56 cost methods. (round your answer to the nearest whole number) 67 Price Cost Number Per Per Date Transaction of units unit Purchase Apr. 3 Inventory2 8 Purchase 11 Purchase 30 Purchase May 8 Purchase 10 Purchase 19 Pure Purchase 28 Purchase June 5 Purch 16 Purchase Purchase 28 Purchase wwwwww NWNN 21 Shot Sheet2 Sheet Type here to search DOLI 22 Sold merchandise on account to Yellow Co., $60,000. The cost of merchandise sold was $35,000 25 Received merchandise returned by Yellow co. from sale of May 22, $6,000. The cost of the returned merchandise was $2,500. 28 Received cash on account from sale of May 12 to Red less the return of May13. 31 Paid VISA service fee of $3,000. art 2 What does FOB mean? Sheet1 Sheet2 Sheet3 Type here to search t 9 Backspace Insert Delete End Poup Enter Uvice Teen $3,000. Part 2 5 What does FOB mean? 37 What are the two types of FOB, and who pays under each method? 39 What account does the seller charge (debit) when she pays her own freight charges? 40 41 What account does the buyer charge (debit) when she pays her own freight charges? 43 What account does the seller charge (debit) when she pays the buyer's freight? 44 45 46 Part 3 Sheet1 Sheet2Sheet3 Type here to search Backspace A Calibri = = X Cut De Copy Format Painter O. GE Wrap Text Merge & Center - BIU. = = Clipboard Font Alignment G35 IB CDEFG 45 46 Part 3 48 Use the information below to determine the number of units in ending inventory 49 and the ending inventory value using the perpetual inventory system for FIFO. 50 ($) Number Per Date Transaction of units unit Apr. 3 Inventory S 30 Purchase Sale 8 60 800 820 11 30 Sale May 8 10 Purchase Sale 850 19 28 Sale P Purchase 900 63 Part 4 64 There are 10 units in ending inventory compute the value of the ending inventory 65 using the periodic inventory method. Compute the answer using FIFO, LIFO and the average 66 cost methods. (round your answer to the nearest whole number) 67 Price Cost Type here to search - BIU . 33 M erge & Center - $ - % Copy Format Painter Clipboard Fon: Alignment Number E F G ABC H 3 Part 4 4 There are 10 units in ending inventory compute the value of the ending inventory 55 using the periodic inventory method. Compute the answer using FIFO, LIFO and the average 56 cost methods. (round your answer to the nearest whole number) 67 Price Cost Number Per Per Date Transaction of units unit Purchase Apr. 3 Inventory2 8 Purchase 11 Purchase 30 Purchase May 8 Purchase 10 Purchase 19 Pure Purchase 28 Purchase June 5 Purch 16 Purchase Purchase 28 Purchase wwwwww NWNN 21 Shot Sheet2 Sheet Type here to search DOLI