Det EF6-17 (similar to) Golfer wonte carlos en Inventory of plan and other golf cata. The sales price of each putar la $10 Company recorde Indicate the following for a perder line of Golfers Favorite puters (Click the icon to view the records) Read the game Parches Cost of Goods Sold Inventory on Hand Unit Total Unl Total Unit Total Gently Cost Cost Quantity Cost Cost Quantity Data The Coat Coul 13 S 75 5 975 Sep 6 55 75 5 375 05 75 5 600 Sep 0 Quy Un con 125 65 75 Date 600 tem 125 855 Sep. 1 1020 Balance 75 13 5 Sep 17 12 5 65 $1,020 US 75 5 600 Seps Sale Sep 30 25 Sep. 85 75 5 Purchase 12 19 65 75 S 450 Sep 17 Sele 10.30 12 12 19 450 Sep 30 Sele y the landing very for the ment The cost of antingentering the LIFO methods 450 Print Done darily the could good for the month The cost of goods in the UFO medis 1545 Harathan. an emaimalainatory | diens by the uro boerdery ending method. Requirements - X flege by ording the way to con on the Accounts and Explanation Du C 1. Prepare Gulf perpetual or record for the pullen ching Guide Forest LFO Inventory cowy method. Then Moneycost efending order and cost of goods and for a month 2. Gollere Forestry remafor wing the UFO CORE) Inventory couling med merchases and sales are made on the explanation on the las Print Done Choose from any store any under in the reds and then click Check Answer parts remang Clear All Company records indicate the following for a particular line of Golfer's Favorite's putters: Data Table Hand Total Cost 75 $ 975 75 $ 600 75 S 600 85 $ 1,020 75 S 600 Date Item Balance Sale Quantity Unit Cost 13 $ 75 Purchase 12 85 Sep. 1 Sep. 6 Sep. 8 Sep. 17 Sep. 30 450 755 Sale 12 $ 450 Sale 2 Print Done othod. Requirements the exp lit 1. Prepare Golfer's Favorite's perpetual inventory record for the putters assuming Golfer's Favorite uses the LIFO inventory costing method. Then Identify the cost of ending Inventory and cost of goods sold for the month. 2. Journalize Golfer's Favorite's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.) Print Done Clear All Requirement 1. Prepare Golfer's Favorita's perpetual inventory record for the putters assuming Golfer's Favorite uses the LIFO inventory costing method. T- Start by entering the beginning Inventory balances. Enter the transactions in chronological order, calculating new Inventory on hand balances after each trans end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Sep. 1 13 $ 75 $ 975 Sep. 6 5 $ 75 $ 375 8 $ 75 $ 600 Sep 8 12 S 85 $ 1,020 BS 75 $ 600 12 s 85 5 1,020 Sep. 17 12 5 85 $1,020 8 $ 75 $ 600 Sep. 30 2 s 75 S 150 6 5 75 $ 450 Totals 12 1,020 $ 1,545 5 450 Identify the cost of ending Inventory for the month. The cost of ending inventory using the LIFO method is s 450 Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method Is $ 1,545 Requirement 2. Journalize Golfer's Favorite's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on accou Begin by recording the entry to record the sale of the putters on account on the 6th. Date Accounts and Explanation Debit Credit Sep. 6 19 6 Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Cles o 8 $ 75 $ 600 Sep. 17 Sep. 30 Totals 12 $85 $ 1,020 2 $ 75 $ 150 19 $ 1,545 6 $ 75 $ 450 12 1,020 6 450 Identify the cost of ending Inventory for the month. The cost of ending inventory using the LIFO method is $ 450 Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method is $ 1,545 Requirement 2. Journalize Golfer's Favorite's Inventory transactions using the LIFO Inventory costing method. (Assume purchases an Begin by recording the entry to record the sale of the putters on account on the 6th. Date Accounts and Explanation Debit Credit Sep. 6 Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining 8 $ 75 $ 600 Sep. 17 Sep. 30 Totals 12 $85 $ 1,020 2 $ 75 $ 150 19 $ 1,545 6 $ 75 $ 450 12 1,020 6 450 Identify the cost of ending Inventory for the month. The cost of ending inventory using the LIFO method is $ 450 Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method is $ 1,545 Requirement 2. Journalize Golfer's Favorite's Inventory transactions using the LIFO Inventory costing method. (Assume purchases an Begin by recording the entry to record the sale of the putters on account on the 6th. Date Accounts and Explanation Debit Credit Sep. 6 Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining Requirement 1. Prepare Golfer's Favorita's perpetual inventory record for the putters assuming Golfer's Favorite uses the LIFO inventory costing method. T- Start by entering the beginning Inventory balances. Enter the transactions in chronological order, calculating new Inventory on hand balances after each trans end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Sep. 1 13 $ 75 $ 975 Sep. 6 5 $ 75 $ 375 8 $ 75 $ 600 Sep 8 12 S 85 $ 1,020 BS 75 $ 600 12 s 85 5 1,020 Sep. 17 12 5 85 $1,020 8 $ 75 $ 600 Sep. 30 2 s 75 S 150 6 5 75 $ 450 Totals 12 1,020 $ 1,545 5 450 Identify the cost of ending Inventory for the month. The cost of ending inventory using the LIFO method is s 450 Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method Is $ 1,545 Requirement 2. Journalize Golfer's Favorite's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on accou Begin by recording the entry to record the sale of the putters on account on the 6th. Date Accounts and Explanation Debit Credit Sep. 6 19 6 Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Cles o Score: 0 of 1 pt 3 of 11 (4 complete) HW Score: 10.27%, 1.13 EF6-17 (similar to) Question Help Golfer's Favorite carries an inventory of putters and other golf clubs. The sales price of each putter b $13. Company records indicate the following for a particu of Golfer's Favorite's putters: (Click the icon to view the records.) Read the requirements Idently the cost of ending inventory for the month. The cost of ending Inventory uning the LIFO method is Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method is 5 1.545 Requirement 2. Journalize Goller's Favorito's Inventory transactions using the LIFO Inventory conting method. (Assume purchases and sales are made on account.) (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the entry to record the sale of the pulers on account on the 6th. Accounts and Explanation Credit Sep. 6 $ 450 Date Debit Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining Clear Al Check Answer This course (Principles of Financial Accounting ACG2021.691F20) is based on Miller-Nobles/Manisons Horngren's Financial & Managerial Accounting, 7e Terms of Use | Privacy Policy Copyright 2020 Pearson Education Inc. All Rights Reserved. Score: 0 of 1 pt 3 of 11 (4 complete) HW Score: 10.27%, 1.13 of 11 pts EF6-17 (similar to) Question Help Goller's Favorite canles an Inventory of putters and other golf clube. The sales price of each putter is $13. Company records indicate the following for a particular line of Golfer's Favorite's putters: En (Cick the icon to view the records.) Read the requirements. Sep. 30 65 75 5 2 s 75 5 150 $ 1,545 450 450 1,020 $ 12 Totals 19 Identify the cost of ending inventory for the month. The cost of ending inventory using the LIFO method is 450 Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method is $ 1,545 Requirement 2. Journalize Goller's Favorite's Inventory transactions using the LIFO Inventory costing method. (Assume purchases and sales are made on account.) (Record dobits first, then credits. Select the explanation on the last line of the journal entry table) Begin by recording the entry to record the sale of the puffers on account on the 6th. Date Accounts and Explanation Deble Credit Sep. 6 Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining Clear Al Ched. Answer This course (Principles of Financial Accounting AC62021.601720) is based on Miller-Nobles/Mattison Horngren's Finandal & Managerial Accounting Me Terms of Use Privacy Policy Copyright 2020 Pearson Education Inc. All Rights Reserved. EF6-17 (similar to) Question Help Golfer's Favorite carries an Inventory of putters and other golf clubs. The sales price of each putter is $143. Company records Indicate the following for a particular line of Golfer's Favorite's putters: E (Click the icon to view the recorda.) Read the requirements. Requirement 1. Prepare Golfer's Favorite's perpetual Inventory record for the putters assuming Golfer's Favorito uses the LIFO Inventory conting method. Then identilly the cost of ending Inventory and cost of goods sold for the month. 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 perlod. (Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 13 5 75 5 S75 5 S 75 5 375 8 $ 75 5 600 Sep. 8 12 s 85 $1,020 85 75 5 600 12 5 85 5 1,020 85 S 1,020 755 600 Sep. 30 75 S 150 65 75 5 450 1,020 19 $ 1,545 S 450 Sep 1 Sep. 6 125 Sep 17 25 Totale Choose from any list or enter any number in the input fields and then click Check Answer. 6 Remaining Clear All Check Answer This course (Principles of Financial Accounting ACG2021.691F20) is based on Miller-Nobles/Martisor Horngren's Financial & Managerial Accounting. Te Terms of Use Privacy Policy Copyright 2020 Pearson Education Inc. All Rights Reserved. a Det EF6-17 (similar to) Golfer wonte carlos en Inventory of plan and other golf cata. The sales price of each putar la $10 Company recorde Indicate the following for a perder line of Golfers Favorite puters (Click the icon to view the records) Read the game Parches Cost of Goods Sold Inventory on Hand Unit Total Unl Total Unit Total Gently Cost Cost Quantity Cost Cost Quantity Data The Coat Coul 13 S 75 5 975 Sep 6 55 75 5 375 05 75 5 600 Sep 0 Quy Un con 125 65 75 Date 600 tem 125 855 Sep. 1 1020 Balance 75 13 5 Sep 17 12 5 65 $1,020 US 75 5 600 Seps Sale Sep 30 25 Sep. 85 75 5 Purchase 12 19 65 75 S 450 Sep 17 Sele 10.30 12 12 19 450 Sep 30 Sele y the landing very for the ment The cost of antingentering the LIFO methods 450 Print Done darily the could good for the month The cost of goods in the UFO medis 1545 Harathan. an emaimalainatory | diens by the uro boerdery ending method. Requirements - X flege by ording the way to con on the Accounts and Explanation Du C 1. Prepare Gulf perpetual or record for the pullen ching Guide Forest LFO Inventory cowy method. Then Moneycost efending order and cost of goods and for a month 2. Gollere Forestry remafor wing the UFO CORE) Inventory couling med merchases and sales are made on the explanation on the las Print Done Choose from any store any under in the reds and then click Check Answer parts remang Clear All Company records indicate the following for a particular line of Golfer's Favorite's putters: Data Table Hand Total Cost 75 $ 975 75 $ 600 75 S 600 85 $ 1,020 75 S 600 Date Item Balance Sale Quantity Unit Cost 13 $ 75 Purchase 12 85 Sep. 1 Sep. 6 Sep. 8 Sep. 17 Sep. 30 450 755 Sale 12 $ 450 Sale 2 Print Done othod. Requirements the exp lit 1. Prepare Golfer's Favorite's perpetual inventory record for the putters assuming Golfer's Favorite uses the LIFO inventory costing method. Then Identify the cost of ending Inventory and cost of goods sold for the month. 2. Journalize Golfer's Favorite's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.) Print Done Clear All Requirement 1. Prepare Golfer's Favorita's perpetual inventory record for the putters assuming Golfer's Favorite uses the LIFO inventory costing method. T- Start by entering the beginning Inventory balances. Enter the transactions in chronological order, calculating new Inventory on hand balances after each trans end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Sep. 1 13 $ 75 $ 975 Sep. 6 5 $ 75 $ 375 8 $ 75 $ 600 Sep 8 12 S 85 $ 1,020 BS 75 $ 600 12 s 85 5 1,020 Sep. 17 12 5 85 $1,020 8 $ 75 $ 600 Sep. 30 2 s 75 S 150 6 5 75 $ 450 Totals 12 1,020 $ 1,545 5 450 Identify the cost of ending Inventory for the month. The cost of ending inventory using the LIFO method is s 450 Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method Is $ 1,545 Requirement 2. Journalize Golfer's Favorite's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on accou Begin by recording the entry to record the sale of the putters on account on the 6th. Date Accounts and Explanation Debit Credit Sep. 6 19 6 Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Cles o 8 $ 75 $ 600 Sep. 17 Sep. 30 Totals 12 $85 $ 1,020 2 $ 75 $ 150 19 $ 1,545 6 $ 75 $ 450 12 1,020 6 450 Identify the cost of ending Inventory for the month. The cost of ending inventory using the LIFO method is $ 450 Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method is $ 1,545 Requirement 2. Journalize Golfer's Favorite's Inventory transactions using the LIFO Inventory costing method. (Assume purchases an Begin by recording the entry to record the sale of the putters on account on the 6th. Date Accounts and Explanation Debit Credit Sep. 6 Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining 8 $ 75 $ 600 Sep. 17 Sep. 30 Totals 12 $85 $ 1,020 2 $ 75 $ 150 19 $ 1,545 6 $ 75 $ 450 12 1,020 6 450 Identify the cost of ending Inventory for the month. The cost of ending inventory using the LIFO method is $ 450 Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method is $ 1,545 Requirement 2. Journalize Golfer's Favorite's Inventory transactions using the LIFO Inventory costing method. (Assume purchases an Begin by recording the entry to record the sale of the putters on account on the 6th. Date Accounts and Explanation Debit Credit Sep. 6 Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining Requirement 1. Prepare Golfer's Favorita's perpetual inventory record for the putters assuming Golfer's Favorite uses the LIFO inventory costing method. T- Start by entering the beginning Inventory balances. Enter the transactions in chronological order, calculating new Inventory on hand balances after each trans end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Sep. 1 13 $ 75 $ 975 Sep. 6 5 $ 75 $ 375 8 $ 75 $ 600 Sep 8 12 S 85 $ 1,020 BS 75 $ 600 12 s 85 5 1,020 Sep. 17 12 5 85 $1,020 8 $ 75 $ 600 Sep. 30 2 s 75 S 150 6 5 75 $ 450 Totals 12 1,020 $ 1,545 5 450 Identify the cost of ending Inventory for the month. The cost of ending inventory using the LIFO method is s 450 Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method Is $ 1,545 Requirement 2. Journalize Golfer's Favorite's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on accou Begin by recording the entry to record the sale of the putters on account on the 6th. Date Accounts and Explanation Debit Credit Sep. 6 19 6 Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Cles o Score: 0 of 1 pt 3 of 11 (4 complete) HW Score: 10.27%, 1.13 EF6-17 (similar to) Question Help Golfer's Favorite carries an inventory of putters and other golf clubs. The sales price of each putter b $13. Company records indicate the following for a particu of Golfer's Favorite's putters: (Click the icon to view the records.) Read the requirements Idently the cost of ending inventory for the month. The cost of ending Inventory uning the LIFO method is Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method is 5 1.545 Requirement 2. Journalize Goller's Favorito's Inventory transactions using the LIFO Inventory conting method. (Assume purchases and sales are made on account.) (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the entry to record the sale of the pulers on account on the 6th. Accounts and Explanation Credit Sep. 6 $ 450 Date Debit Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining Clear Al Check Answer This course (Principles of Financial Accounting ACG2021.691F20) is based on Miller-Nobles/Manisons Horngren's Financial & Managerial Accounting, 7e Terms of Use | Privacy Policy Copyright 2020 Pearson Education Inc. All Rights Reserved. Score: 0 of 1 pt 3 of 11 (4 complete) HW Score: 10.27%, 1.13 of 11 pts EF6-17 (similar to) Question Help Goller's Favorite canles an Inventory of putters and other golf clube. The sales price of each putter is $13. Company records indicate the following for a particular line of Golfer's Favorite's putters: En (Cick the icon to view the records.) Read the requirements. Sep. 30 65 75 5 2 s 75 5 150 $ 1,545 450 450 1,020 $ 12 Totals 19 Identify the cost of ending inventory for the month. The cost of ending inventory using the LIFO method is 450 Identify the cost of goods sold for the month. The cost of goods sold using the LIFO method is $ 1,545 Requirement 2. Journalize Goller's Favorite's Inventory transactions using the LIFO Inventory costing method. (Assume purchases and sales are made on account.) (Record dobits first, then credits. Select the explanation on the last line of the journal entry table) Begin by recording the entry to record the sale of the puffers on account on the 6th. Date Accounts and Explanation Deble Credit Sep. 6 Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts remaining Clear Al Ched. Answer This course (Principles of Financial Accounting AC62021.601720) is based on Miller-Nobles/Mattison Horngren's Finandal & Managerial Accounting Me Terms of Use Privacy Policy Copyright 2020 Pearson Education Inc. All Rights Reserved. EF6-17 (similar to) Question Help Golfer's Favorite carries an Inventory of putters and other golf clubs. The sales price of each putter is $143. Company records Indicate the following for a particular line of Golfer's Favorite's putters: E (Click the icon to view the recorda.) Read the requirements. Requirement 1. Prepare Golfer's Favorite's perpetual Inventory record for the putters assuming Golfer's Favorito uses the LIFO Inventory conting method. Then identilly the cost of ending Inventory and cost of goods sold for the month. 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 perlod. (Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 13 5 75 5 S75 5 S 75 5 375 8 $ 75 5 600 Sep. 8 12 s 85 $1,020 85 75 5 600 12 5 85 5 1,020 85 S 1,020 755 600 Sep. 30 75 S 150 65 75 5 450 1,020 19 $ 1,545 S 450 Sep 1 Sep. 6 125 Sep 17 25 Totale Choose from any list or enter any number in the input fields and then click Check Answer. 6 Remaining Clear All Check Answer This course (Principles of Financial Accounting ACG2021.691F20) is based on Miller-Nobles/Martisor Horngren's Financial & Managerial Accounting. Te Terms of Use Privacy Policy Copyright 2020 Pearson Education Inc. All Rights Reserved. a
