Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

just the last part thanks 1 System Announcements Problem 8-08 (Part Level Submission) David's Televisions produces television sets in three categories: portabile, midsize, and flat-screen.

just the last part thanks image text in transcribed
image text in transcribed
1 System Announcements Problem 8-08 (Part Level Submission) David's Televisions produces television sets in three categories: portabile, midsize, and flat-screen. On January 1, 2020, David adopted dollar-value UFO and decided to use a single inventory po The company's January 1 Inventory consists of: Category Portable Midsize Flat-screen Quantity 6,500 8,800 3,300 Cost per Unit $100 250 400 Total Cost $660,000 2,200,000 1.320.000 $4,180,000 18,700 During 2020, the company had the following purchases and sales Category Portable Midze Flat-screen Selling Price per Unit Quantity Purchased 16.500 22,000 11,000 49,500 Cost per Unit $110 Quantity Sold 15,400 26.400 6,600 (1) Your answer is correct Calculate price index. (Round price Index to decimal places... 1.4562.) Price index 1.2156 Your answer is correct. Attempt 1 of 5 used (22) Your answer is correct Computer ending inventory cost of goods sold, and gross profit. (Roun Ending inventory 5,116,012 Cost of goods sold Gross profit 3.51.012 Attempts 4 of used (b) Assume the company uses three inventory pools instead of one. Compute ending inventory cost of goods sold, and gross profit. (Round price index to answers to decimal places, .. 6.548.) decimal L d a Attempts of used LAS T ANSWER 1 System Announcements Problem 8-08 (Part Level Submission) David's Televisions produces television sets in three categories: portabile, midsize, and flat-screen. On January 1, 2020, David adopted dollar-value UFO and decided to use a single inventory po The company's January 1 Inventory consists of: Category Portable Midsize Flat-screen Quantity 6,500 8,800 3,300 Cost per Unit $100 250 400 Total Cost $660,000 2,200,000 1.320.000 $4,180,000 18,700 During 2020, the company had the following purchases and sales Category Portable Midze Flat-screen Selling Price per Unit Quantity Purchased 16.500 22,000 11,000 49,500 Cost per Unit $110 Quantity Sold 15,400 26.400 6,600 (1) Your answer is correct Calculate price index. (Round price Index to decimal places... 1.4562.) Price index 1.2156 Your answer is correct. Attempt 1 of 5 used (22) Your answer is correct Computer ending inventory cost of goods sold, and gross profit. (Roun Ending inventory 5,116,012 Cost of goods sold Gross profit 3.51.012 Attempts 4 of used (b) Assume the company uses three inventory pools instead of one. Compute ending inventory cost of goods sold, and gross profit. (Round price index to answers to decimal places, .. 6.548.) decimal L d a Attempts of used LAS T

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

Auditor Independence Auditing Corporate Governance And Market Confidence

Authors: Ismail Adelopo

1st Edition

1409434702, 978-1409434702

More Books

Students also viewed these Accounting questions

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago