Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I cant figure these out, please help 2 cengagenow.com + ook Show Me How Periodic tory by Three Methods The units of an item available
I cant figure these out, please help
2 cengagenow.com + ook Show Me How Periodic tory by Three Methods The units of an item available for sale during the year were as fotos 3. 1 Inventory 155 Feb 17 Purchase 16 to 539 dy 21 Purchase units 541 No. 23 harchase 20 i 141 There are 15 units of the item in the physical inventory at December 31. The period inventory wie se Determine the nventory cost by the method 615 b. Determine the inventory most by the annut method 555 c. Determine the entory cost by the weighted average cost method. Round werge unit cost to the nearest cent and final answers to the nearest whole dollar, if required 685.3 X a. Note that this is uses the percentory system from that the est un phased are to be free. There inventory costs for the period are calculated by taking the number of remaining in the physical inventory times the most recent research umber of mist purchase ayer is less than the number ning inventory, the balance of the ending inventory must recorded the word angry from the total cost of V2.cenow.com Book Bw Me Periodic Inventory ty Three Methods: Cow of Merchandise Said The units of an em va for sale during the year were as follows an Inventory So unts 112 Mar. 10 Purchase 70 unts 5124 Aug: Purchase 30 unts $120 Dec. 12 Purchase 50 units 594 There are 6 units of the item in the physical inventory at December. There were we Determine the wentary cost and the cost of merchandise sold by the methods Round interim calculations to ene decimal and final awwers to the nearest whole dollar Cost of Merchandise Inventory and cost of Merchandise Sold Inventory Method Merchandise Inventory Merchandise Sold Fiestin, first out (ro) . 14 b. Last first (LO) ITX & Weighted average cost OM Note that this entre este periode intory system, Faro mean that the front purchased to be the first to be to Therefore, ending Inventory costs for the period are calculated by taking the number of items maining in the physical entory times the most recent purchase pron. If the the number in the trace of the great must be recorded at the cand 72.ceng getow.com stost Show Me How Periodic Inventory by Three Methods Cost of Merchandise Sold The units of an item saatle for sale during the year were as follows Inventory 000 units 554 Man 10 Purchase 1.120 units at Aug. 30 Purchase 1,000 units 50 Dec 12 Purchase 980 its att There are 1,000 units of the item in the conventory at December 31. The periodic Inventory systems Determine the inventory cost and the cost of merchandise solo by three method Cost of Merchandise Inventory and cost of Merchandise Sold Inventory Method Merchandise Inventory Merchandise Sold a. First-in, first-out (FFO) b. Lasti, first-out LFO) 192,00 Weighted average cost Note that this esses the periodic inventory wym FIFO means that the fustanitudased are assumed to be the first to be. Therefore inventory costs for the period are calculated by taking the number of mining in the physical inventory times the most recent purchase orice umber of emaisast purchase layer is less than the number in ending Inventory, the Dance of the ending inventory items must be recorded at the end road 2 cengagenow.com + ook Show Me How Periodic tory by Three Methods The units of an item available for sale during the year were as fotos 3. 1 Inventory 155 Feb 17 Purchase 16 to 539 dy 21 Purchase units 541 No. 23 harchase 20 i 141 There are 15 units of the item in the physical inventory at December 31. The period inventory wie se Determine the nventory cost by the method 615 b. Determine the inventory most by the annut method 555 c. Determine the entory cost by the weighted average cost method. Round werge unit cost to the nearest cent and final answers to the nearest whole dollar, if required 685.3 X a. Note that this is uses the percentory system from that the est un phased are to be free. There inventory costs for the period are calculated by taking the number of remaining in the physical inventory times the most recent research umber of mist purchase ayer is less than the number ning inventory, the balance of the ending inventory must recorded the word angry from the total cost of V2.cenow.com Book Bw Me Periodic Inventory ty Three Methods: Cow of Merchandise Said The units of an em va for sale during the year were as follows an Inventory So unts 112 Mar. 10 Purchase 70 unts 5124 Aug: Purchase 30 unts $120 Dec. 12 Purchase 50 units 594 There are 6 units of the item in the physical inventory at December. There were we Determine the wentary cost and the cost of merchandise sold by the methods Round interim calculations to ene decimal and final awwers to the nearest whole dollar Cost of Merchandise Inventory and cost of Merchandise Sold Inventory Method Merchandise Inventory Merchandise Sold Fiestin, first out (ro) . 14 b. Last first (LO) ITX & Weighted average cost OM Note that this entre este periode intory system, Faro mean that the front purchased to be the first to be to Therefore, ending Inventory costs for the period are calculated by taking the number of items maining in the physical entory times the most recent purchase pron. If the the number in the trace of the great must be recorded at the cand 72.ceng getow.com stost Show Me How Periodic Inventory by Three Methods Cost of Merchandise Sold The units of an item saatle for sale during the year were as follows Inventory 000 units 554 Man 10 Purchase 1.120 units at Aug. 30 Purchase 1,000 units 50 Dec 12 Purchase 980 its att There are 1,000 units of the item in the conventory at December 31. The periodic Inventory systems Determine the inventory cost and the cost of merchandise solo by three method Cost of Merchandise Inventory and cost of Merchandise Sold Inventory Method Merchandise Inventory Merchandise Sold a. First-in, first-out (FFO) b. Lasti, first-out LFO) 192,00 Weighted average cost Note that this esses the periodic inventory wym FIFO means that the fustanitudased are assumed to be the first to be. Therefore inventory costs for the period are calculated by taking the number of mining in the physical inventory times the most recent purchase orice umber of emaisast purchase layer is less than the number in ending Inventory, the Dance of the ending inventory items must be recorded at the end road Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started