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Can you please help me with this home work only one page this time Brief Exercise 6-12 On June 30, Calico Fabrics has the following

Can you please help me with this home work only one page this time

image text in transcribed Brief Exercise 6-12 On June 30, Calico Fabrics has the following data pertaining to the retail inventory method. Goods available for sale: at cost $48,764; at retail $66,800; net sales $42,000; and ending inventory at retail $24,800. Compute the estimated cost of the ending inventory using the retail inventory method. $ The estimated cost of the ending inventory Problem 6-8A Mercer Inc. is a retailer operating in British Columbia. Mercer 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 Mercer Inc. for the month of January 2014. Quantit Unit Cost or Selling Date Description y Price Beginning January 1 200 $15 inventory January 5 Purchase 280 19 January 8 Sale 220 29 January 10 Sale return 20 29 January 15 Purchase 110 22 January 16 Purchase return 10 22 January 20 Sale 180 34 January 25 Purchase 40 25 Don't show me this message again for the assignment Calculate the Moving-average cost per unit at January 1, 5, 8, 15, 20, & 25. (Round answers to 3 decimal places, e.g. $5.251.) January 1 January 5 January 8 January 10 Moving-Average Cost per unit $ $ $ $ $ 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 answers to 0 decimal places, e.g. $2,150.) LIFO Cost of goods sold Ending inventory Gross profit FIFO Movingaverage $ $ $ $ $ $ $ $ $ Answer: Estimated cost of ending inventory Ending inventory at retail Cost to retail ratio 24800 0.73 Estimated cost of ending Date Jan-01 Jan-05 Jan-15 Jan-16 Jan-25 18104 Description Beginning Purchase Purchase Purchase return Purchase Quantity Cost 200 280 110 10 40 15 19 22 22 25 Jan-08 Sales Jan-10 sales return Jan-20 Sale 220 -20 180 380 29 29 34 6380 -580 6120 11920 Jan-01 Beginning 200 15 3000 Cost of goods available for sale Moving average cost per unit Jan-01 15.000 Jan-05 Purchase 280 19 5320 Jan-05 17.333 Jan-15 Purchase 110 22 2420 Jan-08 17.333 Jan-16 Purchase return -10 22 -220 Jan-10 17.333 Jan-25 Purchase 40 25 1000 Jan-15 18.989 Jan-16 18.889 Jan-20 18.889 Jan-25 19.908 LIFO 620 FIFO Moving average Cost of goods sold 7520 6420 6867 Ending inventory 4000 5100 4653 58.51% 46.14% 42.39% Gross Profit 11520

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