Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ACC 113 Project 10 During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory. Sept.

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

ACC 113 Project 10 During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory. Sept. 1 Beginning inventory of 350 units @ $130 per unit. 8 Purchased 475 units @ $140 per unit. 12 Sold 260 units. 17 Sold 140 units. 23 Purchased 150 units @ $160 per unit. 25 Purchased 160 units @ $170 per unit. 30 Sold 150 units. Compute the Goods Available for Sale (in both Units and Dollars). (Do not use dollar signs ($) when entering amounts. To see comma-fon answers, you must enter your answers with commas.) Date Units Cost/Unit Amount V v Compute the total units sold and total units in the ending inventory, Total Units Sold Units in the Ending Inventory Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Printer will open your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you have complete LINK TO TEXT LINK TO TEXT Compute the value of the ending inventory at the end of September under the FIFO periodic cost flow assumption. (Do not use dollar signs formatted numbers reflected in your final answers, you must enter your answers with commas.) Cost/Unit Number of Units Date Total $ $ Ending Inventory Compute the value of the cost of goods sold at the end of September under the FIFO periodic cost flow assumption. (Do not use dollar signs ($) when enteri formatted numbers reflected in your final answers, you must enter your answers with commas.) Cost of Goods Sold = Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Printer Version" button = will open your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you have completed all of the secti LINK TO TEXT LINK TO TEXT Compute the value of the ending inventory at the end of September under the LIFO periodic cost flow assumption. (Do not use dollar signs ($) when enterin formatted numbers reflected in your final answers, you must enter your answers with commas.) Date Total Cost/Unit Number of Units $ $ nind Division of John Wiley & Sons Inc Compute the value of the cost of goods sold at the end of September under the LIFO periodic cost flow assumption. (Do not use dollar signs formatted numbers reflected in your final answers, you must enter your answers with commas.) Cost of Goods Sold Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Printer will open your saved answers in a new window to help you complete the next section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you have complet LINK TO TEXT LINK TO TEXT Compute the value of the cost of goods sold at the end of September under the FIFO perpetual cost flow assumption. (Do not use dollarsic formatted numbers reflected in your final answers, you must enter your answers with commas.) Total Date Cost/Unit Number of Units Compute the value of the ending inventory at the end of September under the FIFO perpetual cost flow assumption. (Do formatted numbers reflected in your final answers, you must enter your answers with commas.) Date Number of Units Cost/Unit Total Ending Inventory Compute the value of the cost of goods sold at the end of September under the LIFO perpetual cost flow assumption. (Do not use dolla formatted numbers reflected in your final answers, you must enter your answers with commas.) Date Number of Units Cost/Unit Total Cost of Goods Sold Compute the value of the ending inventory at the end of September under the LIFO perpetual cost flow assumption. (Do not use della formatted numbers reflected in your final answers, you must enter your answers with commas.) Cost/Unit Total Date Number of Units Ending Inventory

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Corporate Reporting Global And Diverse

Authors: Pauline Weetman, Ioannis Tsalavoutas, Paul Gordon

5th Edition

1138364991, 9781138364998

More Books

Students also viewed these Accounting questions

Question

What needs do all people have in common?

Answered: 1 week ago

Question

c. Acafeteriawhere healthy, nutritionally balanced foods are served

Answered: 1 week ago

Question

c. What steps can you take to help eliminate the stress?

Answered: 1 week ago