Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Extension $4.65 $4.90 Quantities Date Purchased Sold Balance Unit Price of Purchase 11-Jan 400 24-Jan 8-Feb 16-Mar 1,300 1,700 300 1,400 560 840 11-Jun

image text in transcribedimage text in transcribed

Extension $4.65 $4.90 Quantities Date Purchased Sold Balance Unit Price of Purchase 11-Jan 400 24-Jan 8-Feb 16-Mar 1,300 1,700 300 1,400 560 840 11-Jun 600 1,440 Weighted Average Quantities $5.10 Ending Value Total Date Purchased Sold | Balance | Unit Price of Purchase, 11-Jan 24-Jan 1300 00 1,700 -Feb 300 1,400 16-Mar 560 840 11-Jun 600 In Unity Extension Beginning Invenstry 54.65 $1,860.00 Purchases 54.90 56.370.00 Goods Avaliable for Sale Inventory Sold Total Cost of Goods avaliable for sale (5) $5.10 $3,000.00 Average Cost per unit COGS Ending Inventory (5) In Units Date 11-Jan Purchased Sold Balance Unit Price of Purchase 24-Jan 1300 400 1,700 $4.65 Extension Beginning lavenatry $1,800.00 Purchases $4.50 $330.00 Goods Avaliable for Sale 8-Feb 300 1,400 16-Mar 560 840 Inventory Sold Ending Inventory COGS Ending Inventory in S 009 $5.10 $7,344.00 FIFO Quantities How many units from 6/11 were sold How many units from 1/24 were sold How many units from 1/11 were sold In Units Date 11-Jan 24-Jan Purchased Sold Balance | Unit Price of Purchase 1,300 400 1,700 Extension Beginning Invenotry $4.65 $1,860.00 Purchases $4.90 SH.330.00 Goods Avaliable for Sale S-Feb 300 1,400 Inventory Sold Ending Inventory COGS Ending Inventory in S 16-Mar 560 11-Jun 600 840 1,440 $5.10 $7,344.00 How many units from1/11 were sold How many units from 1/24 were sold How many units from 1/11 were sold

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Marshall B. Romney, Paul J. Steinbart

13th edition

133428532, 978-0133428537

More Books

Students also viewed these Accounting questions

Question

2-6. What is business portfolio analysis?

Answered: 1 week ago