Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help please = Homework: Chapter 10 Problems Question 1, P10-1 (simil... Part 1 of 33 HW Score: 10.48% 1.26 of 12 points Points: 1.52 of

Help please
image text in transcribed
image text in transcribed
image text in transcribed
= Homework: Chapter 10 Problems Question 1, P10-1 (simil... Part 1 of 33 HW Score: 10.48% 1.26 of 12 points Points: 1.52 of 12 Save Atlas Imports provided the following information regarding its inventory for the current year, its second your of operations Click the loon to view the information Requirement Compute Alla's ending inventory and cost of goods told under each of the following cost-flow assumptions suming a perpejal inventory system (Round your answer for cost per unit to two deale a Moving Average . FIFO CLIFO Requirementa. Compute Alias's ending inventory and cost of goods sold under the moving average cost-flow assumption assuming a perpetua inventory System Begin by entering Alus's purchase and sale Wansactions in chronological order online at a time, calculating a new moving average cost per unt after every transaction (Use a sorpreses les sold or for a reduction in cost Round your answer for cost per un to two decimal places) Moving-average Units Average Purchased Unit Cumulative TO Cumulative Cost Transaction (Bold Cost Units Cost Cost Per Unit Beginning inventory Epalhomeworkdde 609415254&questionid=1&flushed=false&cid6690097¢erwin-yes Fatmah Saleh & 12/07/216:00 oblems Data table Sau egarding its inventory June 19 27,000 5.00 135,000 Subtotal 344,000 ds sold under each $ 1,522.400 114,000 two decimal plac Units sold August 11 at $19 September 20 October 30 5.10 - and cost of goods 19,000 45,000 7.000 5.40 96,900 243,000 39,200 November 17 5.60 actions in chronolog Tor cost per unit to Subtotal 415,000 $ 1.901,500 or parentheses Units sold December 21 at $22 24,000 Unit Cumul Total available for sale Cost Unit Total units sold 415,000 (288,000) 127,000 Ending inventory Print Done sk my instructor Clear all Check a - X Data table Sales in Units Units Unit Cost Total Cost 31,000 $ 3.80 $ 117,800 Transaction Beginning inventory January 1 Purchases February 8 March 15 4.10 42,000 101,000 66,000 4.20 172,200 424,200 303,600 4.60 April 10 Subtotal Units sold April 22 at $16 May 9 240,000 $ 1,017,800 150,000 4.80 77,000 27,000 369,600 135,000 June 19 5.00 Subtotal 344,000 $ 1,522,400 = Homework: Chapter 10 Problems Question 1, P10-1 (simil... Part 1 of 33 HW Score: 10.48% 1.26 of 12 points Points: 1.52 of 12 Save Atlas Imports provided the following information regarding its inventory for the current year, its second your of operations Click the loon to view the information Requirement Compute Alla's ending inventory and cost of goods told under each of the following cost-flow assumptions suming a perpejal inventory system (Round your answer for cost per unit to two deale a Moving Average . FIFO CLIFO Requirementa. Compute Alias's ending inventory and cost of goods sold under the moving average cost-flow assumption assuming a perpetua inventory System Begin by entering Alus's purchase and sale Wansactions in chronological order online at a time, calculating a new moving average cost per unt after every transaction (Use a sorpreses les sold or for a reduction in cost Round your answer for cost per un to two decimal places) Moving-average Units Average Purchased Unit Cumulative TO Cumulative Cost Transaction (Bold Cost Units Cost Cost Per Unit Beginning inventory Epalhomeworkdde 609415254&questionid=1&flushed=false&cid6690097¢erwin-yes Fatmah Saleh & 12/07/216:00 oblems Data table Sau egarding its inventory June 19 27,000 5.00 135,000 Subtotal 344,000 ds sold under each $ 1,522.400 114,000 two decimal plac Units sold August 11 at $19 September 20 October 30 5.10 - and cost of goods 19,000 45,000 7.000 5.40 96,900 243,000 39,200 November 17 5.60 actions in chronolog Tor cost per unit to Subtotal 415,000 $ 1.901,500 or parentheses Units sold December 21 at $22 24,000 Unit Cumul Total available for sale Cost Unit Total units sold 415,000 (288,000) 127,000 Ending inventory Print Done sk my instructor Clear all Check a - X Data table Sales in Units Units Unit Cost Total Cost 31,000 $ 3.80 $ 117,800 Transaction Beginning inventory January 1 Purchases February 8 March 15 4.10 42,000 101,000 66,000 4.20 172,200 424,200 303,600 4.60 April 10 Subtotal Units sold April 22 at $16 May 9 240,000 $ 1,017,800 150,000 4.80 77,000 27,000 369,600 135,000 June 19 5.00 Subtotal 344,000 $ 1,522,400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Contemporary Financial Management

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

10th Edition

978-0324289114, 0324289111

Students also viewed these Accounting questions

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago