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Help on this is much appreciated. Questions are outlined in bold and highlighted in light pink. Cruz Video Center accumulates the following cost and net

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Help on this is much appreciated. Questions are outlined in bold and highlighted in light pink.

image text in transcribed Cruz Video Center accumulates the following cost and net realizable data at December 31. Compute the lower-of-cost-or-net realizable value valuation for the company's total inventory. The lower-of-cost-or-net realizable value Inventory Categories Cameras Camcorders Blu-ray players $ Cost Data Net Realizable Value Data $16,980 $17,404 $13,442 $13,725 $19,810 $18,253 Rosario Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Rosario sold 35 units, and on August 27, 54 more units. Prepare the perpetual inventory schedule for the above transactions using FIFO (First In - First Out). (Round ansewers to 0 Prepare the perpetual inventory schedule for the above transactions using LIFO (Last In - First Out). (Round answers to 0 de Prepare the perpetual inventory schedule for the above transactions using moving-average cost. (Round average-cost per u Date Number of Units Unit Price 7-May 68 $10 28-Jul 41 $13 Date Date Date Purchases 7-May $ 1-Jun $ 28-Jul $ 27-Aug $ Purchases 7-May $ 1-Jun $ 28-Jul $ 27-Aug $ Purchases 7-May $ 1-Jun $ 28-Jul $ 27-Aug $ Product E2-D2 Cost of Goods Sold $ $ $ $ Balance $ $ $ $ Product E2-D2 Cost of Goods Sold $ $ $ $ Balance $ $ $ $ Product E2-D2 Cost of Goods Sold $ $ $ $ Balance $ $ $ $ At May 31, Brunet Company has net sales of $325,000 and cost of goods available for sale of $270,000. Compute the estimated cost of the ending inventory, assuming the gross profit rate is 37%. Estimated cost of ending inventory $ Freeze Frame Camera Shop uses the lower-of cost-or-net realizable value for its inventory. The following data are available at December 31. Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. Item Units Unit Cost Market Value Cameras: Minolta Canon 3 11 $172 $150 $162 $177 Vivitar Kodak 13 19 $138 $125 $104 $137 Light meters: The ending inventory $ Charapata Company applied FIFO to its inventory and got the following results for its ending inventory. The net realizable value of units purchased at year-end was cameras $82, Blu-ray players $60, and iPods $73. Determine the amount of ending inventory at lower-of-cost-or-market. Cameras Blu-ray players iPods 102 units at a cost per unit of $69 153 units at a cost per unit of $72 120 units at a cost per unit of $82 Ending inventory $ 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 informaiton for Dempsey Inc. for the month of January 2017. Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answer to 3 decimal places, e.g. 5.25 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 Date Description 1-Jan Beginning inventory 5-Jan Purchase 8-Jan Sale 10-Jan Sale return 15-Jan Purchase 16-Jan Purchase return 20-Jan Sale 25-Jan Purchase Quantity Unit Cost or Selling Price 100 $13 149 $16 114 $25 10 $25 55 $18 5 $18 95 $29 18 $20 Moving-Average Cost per unit 1-Jan $ 5-Jan $ 8-Jan $ 10-Jan $ 15-Jan $ 16-Jan $ 20-Jan $ 25-Jan $ LIFO Cost of goods sold Ending inventory Gross profit $ $ $ FIFO $ $ $ Moving-average $ $ $ Wittmann Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following pur Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50) Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average 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) Which costing method produces the highest ending inventory valuation? Purchases Units Date 1-Jul 6-Jul 11-Jul 14-Jul 21-Jul 27-Jul 5 Unit Cost $122 7 $136 8 $147 Average cost for each unit 1-Jul $ 6-Jul $ 11-Jul $ 14-Jul $ 21-Jul $ 27-Jul $ The ending inventory under a perpetual inventory system a) FIFO method b) LIFO method c) Average-cost method FIFO $ Sales Unit 3 5 5 Moving-Average $ LIFO $

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