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i need answers S. Nadi Company uses the periodic inventory system. For January 2017, the beginning inventory consisted of 36,000 units that cost CHF12 each.
i need answers S. Nadi Company uses the periodic inventory system. For January 2017, the beginning inventory consisted of 36,000 units that cost CHF12 each. During the month, the company made two purchases: 15.000 units at CHF13 each and 60,000 units al CHF13.50 cach. Nadi sold 64.500 units during the month for CHF 19.50 per unit. Using the average-cost method, what is the amount of cost of goods sold for the month of January 2017 (round per unit amount to two decimal places)? a. CHF835,275 b. CHF854.625. 6. CHF827,335 d. CHF864,300 6. Nolvo Company uses the periodic inventory system. For February 2017, the beginning inventory consisted of 2,000 units that cost CHF65 cach. During the month, the company made two purchases: 8,000 units a CHF68 each and 3,000 units at CHF72 cach. Nolvo sold 10,000 units during the month of February at CHF110 per unit. Using the average cost method, what is the amount of ending inventory at February 28, 2017? a CHF207,270. b. CHF210,000. c. CHF205,380. d. CHF204.990 7. A company just starting in business purchased three inventory items at the following prices. First purchase 580, Second purchase $95: Third purchase $85. If the company sold two units for a total of $290 and used FIFO costing, the gross profit for the period would be a $115 b. S125 C. SIO d. S100 Never Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCNRV) basis in valuing inventories: Product NRV S171.000 S180,000 B 120.000 114.000 240.000 243.000 If Never applies the LCNRV basis, the value of the inventory reported on the statement of financial position would be a. 5531,000 b. $537,000 c. $52 200 d. S543,000
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