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Can someone help me with this. I have a deadline of 11 pm tonight, I just ran into trouble with this. Thank you Problem 6-8A

Can someone help me with this. I have a deadline of 11 pm tonight, I just ran into trouble with this. Thank you

image text in transcribed Problem 6-8A Dempsey Inc. is a retailer operating in British Columbia. Dempsey uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Dempsey Inc. for the month of January 2017. Date January 1 Description Beginning inventory Quantit y Unit Cost or Selling Price 90 $16.000 January 5 January 8 January 10 Purchase Sale Sale return 170 110 10 19 29 29 January January January January Purchase Purchase return Sale Purchase 45 5 110 30 21 21 33 23 15 16 20 25 Don't show me this message again for the assignment Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answers to 3 decimal places, e.g. 5.251.) Moving-Average Cost per unit $ January 1 $ January 5 $ January 8 $ January 10 $ January 15 $ January 16 $ January 20 $ January 25 Don't show me this message again for the assignment Link to Text For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Moving-average cost. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to 0 decimal places, e.g. 1,250.) LIFO Movingaverage FIFO $ $ $ $ $ $ Cost of goods sold Ending inventory Gross profit Don't show me this message again for the assignment $ $ $ Problem 6-9A Wittmann Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July 1 July 6 July 11 July 14 July 21 July 27 Units Purchases Unit Cost 25 $122 Sales Units 15 35 $136 40 $147 25 25 Don't show me this message again for the assignment Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Average cost for each unit $ July 1 122 $ July 6 July 1 1 $ July 1 4 $ July 2 1 $ July 2 7 $ 122 Don't show me this message again for the assignment Link to Text Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) movingaverage cost, and (3) LIFO. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places, e.g. 1,250.) MOVINGAVERAGE FIFO $ The ending inventory under a perpetual inventory system Don't show me this message again for the assignment Link to Text Which costing method produces the highest ending inventory valuation? LIFO $ $ Problem 6-8A Dempsey Inc. is a retailer operating in British Columbia. Dempsey uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Dempsey Inc. for the month of January 2017. Date January 1 Description Beginning inventory Quantit y Unit Cost or Selling Price 90 $16.000 January 5 January 8 January 10 Purchase Sale Sale return 170 110 10 19 29 29 January January January January Purchase Purchase return Sale Purchase 45 5 110 30 21 21 33 23 15 16 20 25 Don't show me this message again for the assignment Your answer is partially correct. Try again. Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answers to 3 decimal places, e.g. 5.251.) Moving-Average Cost per unit $ January 1 16 $ January 5 17.962 $ January 8 17.962 $ January 10 17.962 $ January 15 $ January 16 $ January 20 $ January 25 Don't show me this message again for the assignment Link to Text Your answer is partially correct. Try again. For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Moving-average cost. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to 0 decimal places, e.g. 1,250.) LIFO Movingaverage FIFO $ $ $ Cost of goods sold 4070 3720 $ $ $ $ $ Ending inventory 2130 Gross profit 2460 2810 $ Don't show me this message again for the assignment

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