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answer all parts completly Answer all 7 parts! Hudson Cycles started October with 5 bicycles that cost $48 each. On October 16, Hudson purchased 30
answer all parts completly
Answer all 7 parts!
Hudson Cycles started October with 5 bicycles that cost $48 each. On October 16, Hudson purchased 30 bicycles at $55 each. On October 31, Hudson sold Z Requirements Prepare Hudson Cycle's perpetual inventory record assuming the company uses the specific identification inventory costing method. Assume that Hud Joumalize the October 16 purchase of merchandise Inventory on account and the October 31 sale of merchandise inventory on account 1. 2. Requirement 1. Prepare Hudson Cycle's perpetual inventory record assuming the company uses the specific identification inventory costing method. Assume Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transac cost of inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first. Abbreviation used: QTY = Quantity, Tot. = Tota) Hudson Cycles Purchases Cost of Goods Sold Inventory on Hand Date QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost Oct 1 wcles at $55 each. On October 31, Hudson sold 22 bicycles for $100 each. ation inventory costing method. Assume that Hudson sold 3 bicycles that cost $48 each and 19 bicycles that cost $55 each, merchandise inventory on account. identification Inventory costing method. Assume that Hudson sold 3 bicycles that cost $48 each and 19 bicycles that cost $55 each. mew inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total Abbreviation used: QTY = Quantity: Tot = Total) Cost Hudson Cycles started October with 5 bicycles that cost $48 each on October 16, Hutson purchased 30 bicycles at $85 each. On October 31, Hudson sold 22 bicycles for $100 each Requirements 1. Prepare Hudson Cycle's perpetual inventory record assuming the company uses the specific dentification inventory costing method. Assume that Hudson sold 3 bleydes that com 548 each and 19 bicycles that cost $55 each 2. Journalize the October 16 purchase of merchandise inventory on account and the October 31 sale of merchandise inventory on account. Requirement 1. Prepare Hudson Cycle's perpetual inventory record assuming the company uses the specific identification inventory coating method. Assume that Hudson sold 3 bicycles that cost $48 each and 19 bicycles that cost $55 each Start by entering the beginning inventory balances Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first Abbreviation used: QTY - Quantity: Tot - Total) Hudson Cycles Purchases Cost of Goods Sold QTY Unit Cost Tot. Cost Inventory on Hand QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost Date Oct. 1 Step by Step Solution
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