accounting

accounting 7 questions

w/est/map/index.html con contextemul browser and 2528 ucation hapter 6 Class Assignment Fingtone Sie Help Save Sale Sama 1 Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic inventory system Part Cost per Unit 5245 Total Cost $ 4,000 428 265 2650 Date Transactions Units March 1 Beginning inventory 20 March 5 Sale $390 each 15 March 9 Purchase 10 March 17Sale (5440 each 8 March Purchase 10 22 March 27 12 Sale 15465 each March 8 Purchase 30 02:25 275 2.750 295 2.300 Prir $12.560 Required: 1. Calculate ending Inventory and cost of goods sold at Mwen using me pecinction method. The Man Help Saves Exit Submit 30 Purchase 8 295 2.300 Check my $12,660 12 Required: 1. Calculate ending inventory and cost of goods sold at March 31 using the specific identification method The March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase and the March 27 sale costs of four bikes from beginning inventory and eight bikes from the March 22 purchase Ending Inventory Cost of goods sold 5 5 2.430 6.125 Pro 7 of 7 Next > BLEM Check my work af Required information [The following information applies to the questions displayed below) Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system Cost per Unit $245 Total Cost $ 4.900 o 265 2.650 int Date Transactions Units March 1 Beginning inventory 20 March 5 Sale $390 each) 15 March 9 Purchase 10 March 17Sale (5440 each) 8 March 22 Purchase 10 March Sale (5465 each 12 27 March Purchase 8 30 275 2.750 ences 295 2.360 $12.600 SD PM Nos 295 2,360 $12,660 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31 Ending Inventory Cost of goods sold Prev 7 of 7 H Next > Required information [The following information applies to the questions displayed below) Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic inventory system Total Cost $ 4.900 2.650 Cost per Date Transactions Units Unit March 1 Beginning inventory 20 $245 March 5 Sale ($390 each) 15 March 9 Purchase 10 265 March 17Sale (5440 each) 8 March Purchase 10 275 22 March Sale (5465 each 12 27 March Purchase 8 295 30 2.750 2,360 $12,660 $12,660 3. Using LIFO. calculate ending inventory and cost of goods sold at March 31 Ending inventory Cost of goods sold Required information [The following information applies to the questions displayed below) Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic inventory system Total Cost $ 4.900 2.650 Cost per Date Transactions Units Unit March 1 Beginning inventory 20 $245 March 5 Sale ($390 each) 15 March 9 Purchase 10 265 March 17Sale (5440 each) 8 March Purchase 10 275 22 March 27 Sale ($465 each) March Purchase 8 295 30 2.750 12 00 2.360 $12.660 PE 6 27 !!! Next > 4. Using weighted average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.) Ending inwentary Cost of goods sold Prey 4 5 6 7 Next > o 13 O de O 35 PM 102/ te to search 15C ve YSLOVIS Displayed below Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system Cost per Unit $245 Total Cost $ 4.900 265 2.650 Date Transactions Units March 1 Beginning inventory 20 March 5 Sale ($390 each) 15 March 9 Purchase March 17Sale ($440 each) March Purchase 22 March Sale (5465 each 27 March Purchase 30 5 56 275 2750 s up 00 295 2.360 $12 660 5. Calculate sales revenue and gross profit under each of the four methods.(Round weighted average cost amounts to 2 decima places.) Specific Identification FIFO LIFO Weighted average cost Sales revenue Gross profit tentaneach 15C Required information [The following information applies to the questions displayed below) Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic Inventory system Cost per Unit $245 Total Cost $ 4.900 265 2,650 Date Transactions Units March 1 Beginning Inventory 20 March 5 Sale (5390 each) 15 March 9 Purchase 10 March 17Sale $440 each) 8 March 22 Purchase 10 March 27 12 Sale (5465 each March Purchase B 30 275 2,750 295 2.360 $12,660 SP TE Check my work 7 Part 7 of 7 Required information The following information applies to the questions displayed below] Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system 14.32 Dots Cost per Unit 5245 Total Cost $ 4.900 265 2.650 Date Transactions Units March 1 Beginning inventory 20 March 5 Sale $390 each 15 March 9 Purchase 10 March 17Sale $440 each 8 March 22 Purchase 10 March Sale $465 eachi 12 27 March Purchase 30 8 275 2.750 295 2360 512.560 MAC G HIT Prov Required information Journal entry worksheet Part 7017 14.32 points Record the LIFO adjustment 8 02:22: Note: Enter debits before credits General Journal Debit Credit Date March 31 ces Hect CEO Me GE Pro 9? NO w/est/map/index.html con contextemul browser and 2528 ucation hapter 6 Class Assignment Fingtone Sie Help Save Sale Sama 1 Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic inventory system Part Cost per Unit 5245 Total Cost $ 4,000 428 265 2650 Date Transactions Units March 1 Beginning inventory 20 March 5 Sale $390 each 15 March 9 Purchase 10 March 17Sale (5440 each 8 March Purchase 10 22 March 27 12 Sale 15465 each March 8 Purchase 30 02:25 275 2.750 295 2.300 Prir $12.560 Required: 1. Calculate ending Inventory and cost of goods sold at Mwen using me pecinction method. The Man Help Saves Exit Submit 30 Purchase 8 295 2.300 Check my $12,660 12 Required: 1. Calculate ending inventory and cost of goods sold at March 31 using the specific identification method The March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase and the March 27 sale costs of four bikes from beginning inventory and eight bikes from the March 22 purchase Ending Inventory Cost of goods sold 5 5 2.430 6.125 Pro 7 of 7 Next > BLEM Check my work af Required information [The following information applies to the questions displayed below) Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system Cost per Unit $245 Total Cost $ 4.900 o 265 2.650 int Date Transactions Units March 1 Beginning inventory 20 March 5 Sale $390 each) 15 March 9 Purchase 10 March 17Sale (5440 each) 8 March 22 Purchase 10 March Sale (5465 each 12 27 March Purchase 8 30 275 2.750 ences 295 2.360 $12.600 SD PM Nos 295 2,360 $12,660 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31 Ending Inventory Cost of goods sold Prev 7 of 7 H Next > Required information [The following information applies to the questions displayed below) Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic inventory system Total Cost $ 4.900 2.650 Cost per Date Transactions Units Unit March 1 Beginning inventory 20 $245 March 5 Sale ($390 each) 15 March 9 Purchase 10 265 March 17Sale (5440 each) 8 March Purchase 10 275 22 March Sale (5465 each 12 27 March Purchase 8 295 30 2.750 2,360 $12,660 $12,660 3. Using LIFO. calculate ending inventory and cost of goods sold at March 31 Ending inventory Cost of goods sold Required information [The following information applies to the questions displayed below) Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic inventory system Total Cost $ 4.900 2.650 Cost per Date Transactions Units Unit March 1 Beginning inventory 20 $245 March 5 Sale ($390 each) 15 March 9 Purchase 10 265 March 17Sale (5440 each) 8 March Purchase 10 275 22 March 27 Sale ($465 each) March Purchase 8 295 30 2.750 12 00 2.360 $12.660 PE 6 27 !!! Next > 4. Using weighted average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.) Ending inwentary Cost of goods sold Prey 4 5 6 7 Next > o 13 O de O 35 PM 102/ te to search 15C ve YSLOVIS Displayed below Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system Cost per Unit $245 Total Cost $ 4.900 265 2.650 Date Transactions Units March 1 Beginning inventory 20 March 5 Sale ($390 each) 15 March 9 Purchase March 17Sale ($440 each) March Purchase 22 March Sale (5465 each 27 March Purchase 30 5 56 275 2750 s up 00 295 2.360 $12 660 5. Calculate sales revenue and gross profit under each of the four methods.(Round weighted average cost amounts to 2 decima places.) Specific Identification FIFO LIFO Weighted average cost Sales revenue Gross profit tentaneach 15C Required information [The following information applies to the questions displayed below) Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March Greg's Bicycle Shop uses a periodic Inventory system Cost per Unit $245 Total Cost $ 4.900 265 2,650 Date Transactions Units March 1 Beginning Inventory 20 March 5 Sale (5390 each) 15 March 9 Purchase 10 March 17Sale $440 each) 8 March 22 Purchase 10 March 27 12 Sale (5465 each March Purchase B 30 275 2,750 295 2.360 $12,660 SP TE Check my work 7 Part 7 of 7 Required information The following information applies to the questions displayed below] Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system 14.32 Dots Cost per Unit 5245 Total Cost $ 4.900 265 2.650 Date Transactions Units March 1 Beginning inventory 20 March 5 Sale $390 each 15 March 9 Purchase 10 March 17Sale $440 each 8 March 22 Purchase 10 March Sale $465 eachi 12 27 March Purchase 30 8 275 2.750 295 2360 512.560 MAC G HIT Prov Required information Journal entry worksheet Part 7017 14.32 points Record the LIFO adjustment 8 02:22: Note: Enter debits before credits General Journal Debit Credit Date March 31 ces Hect CEO Me GE Pro 9? NO