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It is the same question. please answer all Information at the end of the annual accounting period, December 31 Units Unit Cost 220 $ 24

It is the same question. please answer all
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Information at the end of the annual accounting period, December 31 Units Unit Cost 220 $ 24 Transactions Beginning inventory, January 1 Transactions during the yeart a. Purchase on account, March 2 b. Cash sale, April 1 (540 each) c. Purchase on account, June 30 d. Cash sale, August 1 (S40 each) 26 318 (370) 270 (80) 30 ancos Required: 1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round "Cost per Unit" to 2 decimal places.) a. Lasten, first-out b. Weighted average cost c. First in, first-out d. Specific identification, assuming that the April 1 sale was selected one-fifth from the beginning inventory and four-fiths from the purchase of March 2. Assume that the sale of August 1 was selected from the purchase of June 30 2 or the four methods, which will result in the highest gross profit? Which will result in the lowest income taxes? Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 Req 1C Req 1D Reg 2A Reg 28 a. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 using the LIFO method. (Round "Cost per Unit" anwers to 2 decimal places.) Units Total Cost per Unit 220 $ 24.00 $ 5,280 LEO Periodic Beginning inventory Purchases March 2 June 30 Total Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning inventory Units from March 2 Purchase Units from June 30 Purchase Total Cost of Goods Sold Ending inventory 3100 27015 500 800 26.00 30.00 16,160 21,440 26.00 0 90 s 5 90 30.00 2,340 Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 16 Req 10 Reg 2A Reg 28 b. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 using the Weighted average method. (Round "Cost per Unit" anwers to 2 decimal places.) Units Cost per Unit Total Weighted Average Cost (Periodic) Beginning Inventory Purchases March 2 June 30 Total Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory Complete this question by entering your answers in the tabs below. Req 1A Req 18 Reg 10 Reg 10 Reg 2A Reg 28 C. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 using the FIFO method. (Round "Cost per Unit anwers to 2 decimal places.) FIFO (Periodic) Units Cost per Unit Total S 0 0 Beginning Inventory Purchases March 2 June 30 Total Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning inventory Units from March 2 Purchase Units from June 30 Purchase Total Cost of Goods Sold Ending Inventory 0 Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 10 Reg 1D Reg 2A Reg 2B d. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 using the Specific identification method. Assume that the April 1 sale was selected one-fifth from the beginning inventory and four-fifths from the purchase of March 2. Assume that the sale of August 1 was selected from the purchase of June 30. (Round "cost per Unit" anwers to 2 decimal places.) Show less Units Cost per Unit Total $ 0 0 0 Specific Identification (Periodic) Beginning Inventory Purchases March 2 June 30 Total Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from March 2 Purchase Units from June 30 Purchase Total Cost of Goods Sold Ending Inventory

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