Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need an explanation please LE46 TO 105 11 ) you would make for the seco May lang Chapter 5 Custom pytom Module lingerie 2 decemal

need an explanation please
image text in transcribed
image text in transcribed
LE46 TO 105 11 ) you would make for the seco May lang Chapter 5 Custom pytom Module lingerie 2 decemal places where they Purchase 1 30.10 3000 100 USD 15000 025 6 45 000 8 3 950 95% 95 = lovas 1550 300 12. 4 Peints) If the Company uses the Weighted Average story chod, what would be the sig balance of inventory after the sale on May 17 Th ending Ewy 3375 3 13: (4 Points) At the end of the Year, COVID hits and the market for retail clothing plummets Kruy Kids performs an evaluation of their inventory and finds the following ("Note, the following numbers independent of the ones above), Item Quantity Cost Unit Market Yes Unis Shoes 100 $100 Hats 75 550 Pants 125 560 Shirts 60 575 If the Company applies Lower of Cost or Market (LCM) to Each items in inventory, what would be the journal entry the company would make at the end of the year to adjust the inventory. You will need to use the Chart of Accounts from above 550 555 550 545 Col unit 100 XT OD = Igbo 75 XSD 2.3750 125 x 60 300 60 X 75 = 4500 Market value unit 100 * 30 200 75 K 554135 135 SS250 2700 ILCM 9000 3730 6230 280 tots 3 LE46 TO 105 11 ) you would make for the seco May lang Chapter 5 Custom pytom Module lingerie 2 decemal places where they Purchase 1 30.10 3000 100 USD 15000 025 6 45 000 8 3 950 95% 95 = lovas 1550 300 12. 4 Peints) If the Company uses the Weighted Average story chod, what would be the sig balance of inventory after the sale on May 17 Th ending Ewy 3375 3 13: (4 Points) At the end of the Year, COVID hits and the market for retail clothing plummets Kruy Kids performs an evaluation of their inventory and finds the following ("Note, the following numbers independent of the ones above), Item Quantity Cost Unit Market Yes Unis Shoes 100 $100 Hats 75 550 Pants 125 560 Shirts 60 575 If the Company applies Lower of Cost or Market (LCM) to Each items in inventory, what would be the journal entry the company would make at the end of the year to adjust the inventory. You will need to use the Chart of Accounts from above 550 555 550 545 Col unit 100 XT OD = Igbo 75 XSD 2.3750 125 x 60 300 60 X 75 = 4500 Market value unit 100 * 30 200 75 K 554135 135 SS250 2700 ILCM 9000 3730 6230 280 tots 3

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_2

Step: 3

blur-text-image_3

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 At War The Politics Of Military Finance

Authors: Warwick Funnell, Michele Chwastiak

1st Edition

1138616737, 9781138616738

More Books

Students also viewed these Accounting questions

Question

Appreciate the services that consultants provide

Answered: 1 week ago

Question

Know about the different kinds of consultants

Answered: 1 week ago