{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T08:17:51-04:00", "answer_date": "2024-06-28 08:17:51", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4271854", "url": "\/study-help\/questions\/content-x-cengagenowv2-online-teachi-x-exhibit5jpg-jpeg-image-4271854", "question_creation_date_js": "2024-06-28T08:17:51-04:00", "question_creation_date": "Jun 28, 2024 08:17 AM", "meta_title": "[Solved] Content X CengageNOWv2 | Online teachi X | SolutionInn", "meta_description": "Answer of - Content X CengageNOWv2 | Online teachi X exhibit5.jpg (JPEG Image, 829 x X C Get Homework Help With Cheg X Course Hero | SolutionInn", "meta_keywords": "content,x,cengagenowv2,online,teachi,exhibit5,jpg,jpeg,image,829,c,homework", "question_title_h1": "Content X CengageNOWv2 | Online teachi X exhibit5.jpg (JPEG Image, 829 x X C Get Homework Help With Cheg X Course Hero X C Perpetual", "question_title": "Content X CengageNOWv2 | Online teachi X exhibit5.jpg (JPEG Image, 829 x", "question_title_for_js_snippet": "Content X CengageNOWv2 Online teachi X exhibit5 jpg (JPEG Image, 829 x X C Get Homework Help With Cheg X Course Hero X C Perpetual Inventory Using FIFO X X C O https v2 cengagenow com ilrn takeAssignment takeAssignmentMain do invoker takeAssignmentSessionLocator inprogress false 80 E C7 Homework 2 Problems Print Item Perpetual Inventory Using LIFO The following units of a particular item were available for sale during the calendar year Jan 1 Inventory 4,000 units at $20 Apr 19 Sale 2,500 units June 30 Purchase 6,000 units at $24 Sept 2 Sale 4,500 units Nov 15 Purchase 1,000 units at $25 The firm maintains a perpetual inventory system Determine the cost of merchandise sold for each sale and the inventory balance after each sale, assuming the last in, first out method Present the data in the form illustrated in Exhibit 4 Under LIFO, if units are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost column Schedule of Cost of Merchandise Sold LIFO Method Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan 1 $ $ Apr 19 $ $ June 30 Sept 2 Nov 15 Dec 31 Balances $ $ Check My Work Previous Assignment Score 62 73 All work saved Save and Exit Submit Assignment for Grading Type here to search 77OF Clear ) 7 40 PM 99 X 10 10 2021", "question_description": "
\"image<\/div><\/div><\/div><\/figure> Content X CengageNOWv2 | Online teachi X exhibit5.jpg (JPEG Image, 829 x X C Get Homework Help With Cheg X Course Hero X C Perpetual Inventory Using FIFO X + X C O & https:\/\/v2.cengagenow.com\/ilrn\/takeAssignment\/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 80% E C7 Homework 2-Problems Print Item Perpetual Inventory Using LIFO The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory 4,000 units at $20 Apr. 19 Sale 2,500 units June 30 Purchase 6,000 units at $24 Sept. 2 Sale 4,500 units Nov. 15 Purchase 1,000 units at $25 The firm maintains a perpetual inventory system. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, assuming the last-in, first-out method. Present the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan. 1 $ $ Apr. 19 $ $ June 30 Sept. 2 Nov. 15 Dec. 31 Balances $ $ Check My Work Previous Assignment Score: 62.73% All work saved. Save and Exit Submit Assignment for Grading Type here to search 77OF Clear ~ [) 7:40 PM 99+ X 10\/10\/2021", "transcribed_text": "", "related_book": { "title": "Data Analysis And Decision Making", "isbn": "538476125, 978-0538476126", "edition": "4th Edition", "authors": "Christian Albright, Wayne Winston, Christopher Zappe", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/415.jpg", "uri": "\/textbooks\/data-analysis-and-decision-making-4th-edition-415", "see_more_uri": "" }, "free_related_book": { "isbn": "B00866ITX0", "uri": "\/textbooks\/elementary-fluid-mechanics-7984th-edition-b00866itx0-295467", "name": "Elementary Fluid Mechanics", "edition": "7984th Edition" }, "question_posted": "2024-06-28 08:17:51", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/speedy-loan-companys-balance-sheet-at-december-31-2014-reports", "description": "Speedy Loan Companys balance sheet at December 31, 2014 reports the following: Preferred stock, $ 20 par value, 3%, 11,000 shares issued .........$ 220,000 Common stock, $ 2.50 par, 1,300,000 shares...", "stars": 3 }, { "url": "\/study-help\/psychology-2e\/jung-believed-that-the-shadow-can-be-a-doorway-to-1984957", "description": "Jung believed that the shadow can be a doorway to reality. 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The engineer proposes that they build homes in the shape of a cube to maximise internal volume while minimising materials used...", "stars": 3 }, { "url": "\/study-help\/auditing-assurance-services\/jerry-schneider-one-of-the-more-famous-cases-of-computer-1433474", "description": "Jerry Schneider One of the more famous cases of computer abuse involves a young man named Jerry Schneider. Schneider had a flair for electronics. By the time he left high school, he had already...", "stars": 3 }, { "url": "\/study-help\/fluid-mechanics-\/in-some-damping-systems-a-circular-disk-immersed-in-oil-1413659", "description": "In some damping systems, a circular disk immersed in oil is used as a damper, as shown in Fig. P2-125. Show that the damping torque is proportional to angular speed in accordance with the relation...", "stars": 3 }, { "url": "\/study-help\/particle-physics\/which-circuit-in-figure-p3225-produces-the-greatest-current-in-1373597", "description": "Which circuit in Figure P32.25 produces the greatest current in the emitter? Data from Figure P32.25 A B n-type p-type n-type n-type p-type n-type C n-type p-type n-type HHHHH", "stars": 3 }, { "url": "\/study-help\/modern-classical-physics\/verify-eq-2373a-and-show-numerically-that-the-maximum-mach-1092988", "description": "Verify Eq. (23.73a), and show numerically that the maximum Mach number for a laminar shock front is M = 1.58. Eq. 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Equation 3.4 Equation 3.5 equation 3.6 MI M m a x +6 * | x = 2 xy = 2 ...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/part-eanswer-this-part-on-this-exam-paper-13-total-4271853", "next": "\/study-help\/questions\/task-1-read-the-case-and-examine-the-tables-and-4271855" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Content X CengageNOWv2 | Online teachi X exhibit5.jpg (JPEG Image, 829 x", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/content-x-cengagenowv2-online-teachi-x-exhibit5jpg-jpeg-image-4271854" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }} }