Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

JS Kieso, Intermediate Acco Hein 1 System Announcements 600 10.00 11.00 Question 11 Esplanade Company was formed on December 1, 2014. The following information is

image text in transcribed
image text in transcribed
image text in transcribed
JS Kieso, Intermediate Acco Hein 1 System Announcements 600 10.00 11.00 Question 11 Esplanade Company was formed on December 1, 2014. The following information is available from Esplanade's inventory records for Product BAP. Units Unit Cost January 1, 2015 (beginning inventory) R58.00 Purchases: January 5, 2015 1,100 9.00 January 25, 2015 February 16, 2015 March 26, 2015 12.00 A physical inventory on March 31, 2015, shows 1.500 units on hand. 1,300 800 600 Total Cost Prepare a schedule to compute the ending inventory at March 31, 2015, under the specificadentification inventory method. 400 units from the beginning inventory are on a and 1,100 units from the January 5 purchase are on hand ESPLANADE COMPANY Computation of Inventory for Product BAP Under Specific Identification Inventory Method March 31, 2015 Units Unit Cost RS Beginning inventory (portion) January 5, 2015 (portion) March 31, 2015, inventory MacBook Pro Prepare a schedule to compute the ending inventory at March 31, 2015 under the FIFO inventory method ESPLANADE COMPANY 0 O US Kieso, Intermediate Accounting, IFRS, 2e Her i Svitem Announcements Esplanade Company was formed on December 1, 2014. The following information is walate from Euptanode's inventory records for Product . Units Unit Cost January 1, 2015 (beginning inventory) 600 R$8.00 Purchases: January 5, 2015 1,100 9.00 January 25, 2015 1,300 10.00 February 16, 2015 800 11.00 March 26, 2015 600 12.00 A physical inventory on March 31, 2015, shows 1.500 units on rand. Prepare a schedule to compute the ending wivestory of March 31, 2015, under the specific identification inventory method 400 units from the beginning investory and 1,100 units from the January 5 purchase are one hand, ESPLANADE COMPANY Computation of Inventory for Product BAP Under Specific Identification Inventory Method March 31, 2015 Units Unit Cost Total Cost Beginning inventory (portion) January 5, 2015 (Portion) March 31, 2015, inventory MacBook Pro Prepare a schedule to compute the ending inventory at March 31, 2015 under the PO invertory method. ESPLANADE COMPANY Computation of Inventory for Product SAP JS Kieso, Intermediate Accounting, IFRS, 2e Help System Announcements RS R$ March 20, 2015 February 16, 2015 January 25, 2015 (Portion) March 31, 2015, inventory Prepare a schedule to compute the ending inventory at March 31, 2015, under the weighted average inventory method (ound weighted average cost to 2 decimal places, c.9. 15.75 and Round the inventory on March to decimal places, e.g. 5.510.) ESPLANADE COMPANY Computation of Inventory for Product BAP Under Weighted Average Inventory Method March 31, 2015 Units Unit Cost Total Cost Beginning inventory January 5, 2015 January 25, 2015 February 16, 2015 March 26, 2015 Weighted-average cost MacBook Pro March 31, 2015, inventory 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Accounting An Essential Guide To Learning Accounting Quickly

Authors: Greg Shields

1st Edition

1978341873, 978-1978341876

More Books

Students also viewed these Accounting questions

Question

=+what is the amount of net income or net loss?

Answered: 1 week ago