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Exercise 6-13 Your answer is incorrect. Try again. Swifty Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 140 units at a cost per unit of $61 Blu-ray players 150 units at a cost per unit of $73 iPod's 140 units at a cost per unit of $83 The net realizable value at year-end was cameras $72, Blu-ray players $67, and ipods $76. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory Click if you would like to Show Work for this question: Open Show WorkProblem 6-08A a1-a2 (Part Level Submission) Vaughn Inc. is a retailer operating in British Columbia. Vaughn 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 information for Vaughn Inc. for the month of January 2020. Unit Cost or Date Description Quantity Selling Price January Beginning inventory 100 $15 January 5 Purchase 144 18 January 8 Sale 112 30 January 10 Sale return 10 January 15 Purchase 55 20 January 16 Purchase return 5 20 January 20 Sale 92 35 January Purchase 20 (a1) Your answer is correct. Calculate the Moving-average cost per unit at January 1, 5, 8, 10, 15, 16, 20, & 25. (Round answers to 3 decimal places, e.g. 5.251.) Moving-Average Cost per unit January 1 15.0 January 5 16.770 January & 6.770 January 10 16.770 January 15 17.672 January 16 17.612 January 20 17.612 January 25 8.343 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 5 used (a2) 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 decimal places, e.g. 1,250.) LIFO FIFO Moving-average Cost of goods sold Ending inventory Gross profit Click if you would like to Show Work for this question: Open Show WorkProblem 6-09A a1-a2, b (Part Level Submission) Blossom Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 5 $177 July 6 July 11 6 $191 July 14 5 July 21 $202 July 27 7 (a1) Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. ( Round answers to 2 decimal places, e.g. $105.50.) Average cost for each unit July 1 July 6 July 11 July 14 July 21 July 27 Click if you would like to Show Work for this question: Open Show Work