Nel - San new company had one point of 570030012019. Sevenue for 2012 S50 000 What is the 2013 2. What the 3019 BOSS 1. What is the 2019 Grosso percent Total Cost Use the chart below to answer question through 10. Units Beginning inventory 7,000 Purchase on May 15 9.000 Sales 10,000 Uh cont $5.00 57.00 4a What are the units available for sale? Cost of goods available for sale? 4b What is the cost of goods sold using the average cost method? 5 What is the ending inventory using the average cost method? CA 6 What is the cost of goods sold using the FIFO method > What is the endintory in the Food What is the cost of goods sold in the LIFO method What is the endir inventory using the UFO method? 30. Which inventory method will give the highest grote profit and how much will profit be using this method of each unit sells for $207 11 During periods of rising unit costs for products that a company sells i inflation which cost flow method would produce the smallest net income? 12 A company records the following journal entries during May. What is the company's gross profit for May? Gross profit percent for May? 4.500 4.500 DR inventory CR Accounts Payable DR Accounts Receivable CR Sales Revenue DR Cost of goods sold CR Inventory 10.000 10,000 3,250 3.250 Neel-Sprint 2022 Chapter 6 in-class roses Use the following information to answer cuestions through company had a beginning inventory of 56.500 a. 1. 2019 and net purchases of inventory of $75,000 during 2019. Ending inventory was 55.000 on Dec. 11. 2019. Net Sales Revenue for 2018 was 5150,000 1. What the 2019 cost of goods sold 2. What is the 2019 grout profit 3. What is the 2019 gross profit percent Total Cost Use the chart below to answer questions through 10. Units Beginning inventory 7,000 Purchase on May 15 9,000 Sales 10,000 Unit Cost $5.00 57.00 45. What are the units available for sale? Cost of goods available for sale? 4b. What is the cost of goods told using the averape cost method? 5 What as the ending inventory using the average cost method? 6 What is the cost of goods sold using the FIFO method? 7. What is the ending inventory using the FIFO method? B What is the cost of goods sold using the UFO method? 9. What is the ending inventory using the UFO method? 10 Which inventory method will give the highest gross profit and how much will gross profit be using this method if each unit sells for $20? 11 During periods of rising unit costs for products that a company sells f.e, inflation), which cost flow method would produce the smallest net income? 12 A company records the following journal entries during May. What is the company's gross profit for May? Gross profit percent for May? DR Inventory CR Accounts Payable DR Accounts Receivable CR Sales Revenue 4,500 4,500 10,000 10,000 3,250 3,250 DR Cost of goods sold CR Inventory Nel - San new company had one point of 570030012019. Sevenue for 2012 S50 000 What is the 2013 2. What the 3019 BOSS 1. What is the 2019 Grosso percent Total Cost Use the chart below to answer question through 10. Units Beginning inventory 7,000 Purchase on May 15 9.000 Sales 10,000 Uh cont $5.00 57.00 4a What are the units available for sale? Cost of goods available for sale? 4b What is the cost of goods sold using the average cost method? 5 What is the ending inventory using the average cost method? CA 6 What is the cost of goods sold using the FIFO method > What is the endintory in the Food What is the cost of goods sold in the LIFO method What is the endir inventory using the UFO method? 30. Which inventory method will give the highest grote profit and how much will profit be using this method of each unit sells for $207 11 During periods of rising unit costs for products that a company sells i inflation which cost flow method would produce the smallest net income? 12 A company records the following journal entries during May. What is the company's gross profit for May? Gross profit percent for May? 4.500 4.500 DR inventory CR Accounts Payable DR Accounts Receivable CR Sales Revenue DR Cost of goods sold CR Inventory 10.000 10,000 3,250 3.250 Neel-Sprint 2022 Chapter 6 in-class roses Use the following information to answer cuestions through company had a beginning inventory of 56.500 a. 1. 2019 and net purchases of inventory of $75,000 during 2019. Ending inventory was 55.000 on Dec. 11. 2019. Net Sales Revenue for 2018 was 5150,000 1. What the 2019 cost of goods sold 2. What is the 2019 grout profit 3. What is the 2019 gross profit percent Total Cost Use the chart below to answer questions through 10. Units Beginning inventory 7,000 Purchase on May 15 9,000 Sales 10,000 Unit Cost $5.00 57.00 45. What are the units available for sale? Cost of goods available for sale? 4b. What is the cost of goods told using the averape cost method? 5 What as the ending inventory using the average cost method? 6 What is the cost of goods sold using the FIFO method? 7. What is the ending inventory using the FIFO method? B What is the cost of goods sold using the UFO method? 9. What is the ending inventory using the UFO method? 10 Which inventory method will give the highest gross profit and how much will gross profit be using this method if each unit sells for $20? 11 During periods of rising unit costs for products that a company sells f.e, inflation), which cost flow method would produce the smallest net income? 12 A company records the following journal entries during May. What is the company's gross profit for May? Gross profit percent for May? DR Inventory CR Accounts Payable DR Accounts Receivable CR Sales Revenue 4,500 4,500 10,000 10,000 3,250 3,250 DR Cost of goods sold CR Inventory
