Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how can I solve this question into the excel sheet? the answers are in the srcond photo. I'm not familiar with excel. thank you in

image text in transcribed

how can I solve this question into the excel sheet? the answers are in the srcond photo. I'm not familiar with excel. thank you in advance for your help

image text in transcribed

E F 1 2 3 A C D Problem: 6 5 Points Determine cost of ending Inventory using Lower of Cost or Market method. (LCM) 4 5 6 7 Last Purchase Invoice Next to the last purcase invoice Descriptio Quantity Purchase Unit A 75 Unit Cost $ Quaintity Purchase Unit Cost 50 $ 10.00 12.00 Unit B 100 $ 15.00 75 $ 14.00 Unit C 150 $ 18.00 100 $ 20.00 31-Dec-19 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Quaintity on Hand 86 Market Price $ 11.00 Unit A Unit B 112 $ 13.00 Unit C 110 $ 19.00 6. Unit A = 75 x $10 = 750 (Lower cost) (86-75)

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

Students also viewed these Accounting questions