Answered step by step
Verified Expert Solution
Question
1 Approved Answer
answer all thx and 15# there is 6 jouranl entrys Required information (The following information applies to the questions displayed bolow) During the yeat, a
answer all thx and 15# there is 6 jouranl entrys Required information (The following information applies to the questions displayed bolow) During the yeat, a company has the following inventory transactions. For the entire yeat, the compony sells 443 units of inventory for $67 each. 2. Using Lro, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Required information [The following information applies to the questions displayed below] During the year, a company has the following inventory transactions. For the entire year, the company sells 443 units of inventory for $67 each 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Company A has the following transactions during August. August 6 Purchases 88 handheld game devices on account from Company 8, for $290 each, terns 1/10,n/60. August 7 Pays $490 to Company C for freight charges associated with the August 6 purchase. August 16 Returns to Conpany B eight gase devices that were defective. August 14 Pays the full amount due to Company B. August 23 Selts 68 gane devices purchased on August 6 for $310 each to custoners on account. The total cost of the 68 gane devices sold is $19,939.60. Required: Record the transactions of Compary A, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) Journal entry worksheet Record purchase of 88 handheld game devices on account from Company B, for $290 each, terms 1/10,n/60. Notei foter debits before credst
answer all thx
and 15# there is 6 jouranl entrys
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started