Please help, need all the points I can get. Accounting

Unit 9 Exercise 6-9 Optix Camera Shop uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Item Cameras: Minolta Canon Light meters: Vivitar Kodak Units Unit Cost Market 7 10 $179 146 $154 176 13 20 131 122 111 135 Determine the amount of the ending inventory by applying the lower-of-cost-or-market basis. $ The ending inventory Problem 6-3A Ziad Company had a beginning inventory on January 1 of 249 units of Product 4-18-15 at a cost of $18 per unit. During the year, the following purchases were made. Mar. 15 July 20 664 units 415 units at at $21 $22 Sept. 4 Dec. 2 581 units 166 units at at $24 $27 1,660 units were sold. Ziad Company uses a periodic inventory system. Determine the cost of goods available for sale. $ The cost of goods available for sale LINK TO TEXT Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Average cost per unit LINK TO TEXT $ Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average). (Round answers to 0 decimal places, e.g. 1,250.) FIFO LIFO $ $ The ending inventory The cost of goods sold $ $ AVERAGE-COST $ $ LINK TO TEXT Which cost flow method results in (1) the highest inventory amount for the balance sheet, and (2) the highest cost of goods sold for the income statement? (1) (2) results in the highest inventory amount, $ . produces the highest cost of goods sold, $ . Problem 6-5A You are provided with the following information for Najera Inc. for the month ended June 30, 2014. Najera uses the periodic method for inventory. Date June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase Units 40 139 109 18 53 12 66 33 Unit Cost or Selling Price $39 43 70 70 46 46 74 50 Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted-average cost per unit $ LINK TO TEXT Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round average-cost method answers to 2 decimal places, e.g. 1,250.25 and other answers to 0 decimal places, e.g. 1,250.) LIFO FIFO AVERAGE-COST $ $ $ The cost of goods sold Gross profit $ $ $ The ending inventory $ $ $ LINK TO TEXT Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Averagecost. (Round answers to 1 decimal place, e.g. 51.2%.) LIFO Gross profit rate FIFO % AVERAGE-COST % % Click if you would like to Show Work for this question: Open Show Work Problem 6-9A Terando Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July 1 July 6 July 11 July 14 July 21 July 27 Purchases Units Unit Cost 190 $112 Sales Units 152 266 $126 304 $137 114 228 Calculate the average cost per unit at June 1, 6, 11, 14, 21 & 27. (Round answers to 3 decimal places, e.g. $105.250.) Average cost for each unit $ July 1 July 6 July 1 1 $ July 1 4 $ July 2 1 $ July 2 7 $ $ LINK TO TEXT Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) movingaverage cost, and (3) LIFO. (Round answers to 0 decimal places, e.g. $2,150.) FIFO The ending inventory under a perpetual inventory system Click if you would like to Show Work for this question: $ MOVING-AVERAGE $ LIFO Open Show Work LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Poin $ Unit 10 Brief Exercise 6-12 On June 30, Calico Fabrics has the following data pertaining to the retail inventory method. Goods available for sale: at cost $45,936; at retail $63,800; net sales $36,100; and ending inventory at retail $27,700. Compute the estimated cost of the ending inventory using the retail inventory method. $ The estimated cost of the ending inventory Problem 6-8A Mercer Inc. is a retailer operating in British Columbia. Mercer uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Mercer Inc. for the month of January 2014. Date Quantit y Description January 1 January January January January January January January 5 8 10 15 16 20 25 Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase Unit Cost or Selling Price 160 $14 224 176 16 88 8 144 32 18 27 27 19 19 31 20 Calculate the Moving-average cost per unit at January 1, 5, 8, 15, 20, & 25. (Round answers to 3 decimal places, e.g. $5.251.) January 1 January 5 January 8 January 10 January 15 Moving-Average Cost per unit $ $ $ $ $ $ January 16 $ January 20 $ January 25 LINK TO TEXT For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Moving-average cost. (Round answers to 0 decimal places, e.g. $2,150.) LIFO Cost of goods sold Ending inventory Gross profit Movingaverage FIFO $ $ $ $ $ $ $ $ $ Click if you would like to Show Work for this question: Open Show Work Unit 10 Brief Exercise 6-12 On June 30, Calico Fabrics has the following data pertaining to the retail inventory method. Goods available for sale: at cost $45,936; at retail $63,800; net sales $36,100; and ending inventory at retail $27,700. Compute the estimated cost of the ending inventory using the retail inventory method. $ The estimated cost of the ending inventory Problem 6-8A Mercer Inc. is a retailer operating in British Columbia. Mercer uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Mercer Inc. for the month of January 2014. Date Quantit y Description January 1 January January January January January January January 5 8 10 15 16 20 25 Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase Unit Cost or Selling Price 160 $14 224 176 16 88 8 144 32 18 27 27 19 19 31 20 Calculate the Moving-average cost per unit at January 1, 5, 8, 15, 20, & 25. (Round answers to 3 decimal places, e.g. $5.251.) January 1 January 5 January 8 January 10 January 15 Moving-Average Cost per unit $ $ $ $ $ $ January 16 $ January 20 $ January 25 LINK TO TEXT For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Moving-average cost. (Round answers to 0 decimal places, e.g. $2,150.) LIFO Cost of goods sold Ending inventory Gross profit Movingaverage FIFO $ $ $ $ $ $ $ $ $ Click if you would like to Show Work for this question: Open Show Work Here is the assignment from earlier, I have already put the top part in... I also have a few inventory assignments if interested. Class closes in 3 hours and trying to get my grade up Unit 6 Problem 4-5A (Part level Submission) Heidi Jara opened Jara's Cleaning Service on July 1, 2014. During July, the following transactions were completed. July 1 1 3 5 12 18 20 21 25 31 31 Jara invested $19,858 cash in the business. Purchased used truck for $9,017, paying $4,136 cash and the balance on account. Purchased cleaning supplies for $2,193 on account. Paid $1,908 cash on 1-year insurance policy effective July 1. Billed customers $4,587 for cleaning services. Paid $1,585 cash on amount owed on truck and $1,340 on amount owed on cleaning supplies. Paid $2,401 cash for employee salaries. Collected $3,332 cash from customers billed on July 12. Billed customers $5,943 for cleaning services. Paid $359 for the monthly gasoline bill for the truck. Withdrew $5,670 cash for personal use. (a1) Journalize the March transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation (To record cash invested in business.) Debit Credit (To record truck purchased.) (To record gasoline expense.) (To record drawings.) Click if you would like to Show Work for this question: Open Show Work Unit 10 Brief Exercise 6-12 On June 30, Calico Fabrics has the following data pertaining to the retail inventory method. Goods available for sale: at cost $45,936; at retail $63,800; net sales $36,100; and ending inventory at retail $27,700. Compute the estimated cost of the ending inventory using the retail inventory method. $ The estimated cost of the ending inventory Problem 6-8A Mercer Inc. is a retailer operating in British Columbia. Mercer uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Mercer Inc. for the month of January 2014. Date Quantit y Description January 1 January January January January January January January 5 8 10 15 16 20 25 Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase Unit Cost or Selling Price 160 $14 224 176 16 88 8 144 32 18 27 27 19 19 31 20 Calculate the Moving-average cost per unit at January 1, 5, 8, 15, 20, & 25. (Round answers to 3 decimal places, e.g. $5.251.) January 1 January 5 January 8 January 10 Moving-Average Cost per unit $ 14.000 $ 16.333 $ 16.333 $ 16.333 $ January 15 17.086 $ January 16 17.035 $ January 20 17.035 $ January 25 17.530 LINK TO TEXT For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Moving-average cost. (Round answers to 0 decimal places, e.g. $2,150.) LIFO Cost of goods sold Ending inventory Gross profit $ $ 5552 $ $ 4896 $ 2880 $ 5589 $ 3600 $ 3232 Movingaverage FIFO 3366 $ 3888 Click if you would like to Show Work for this question: 3035 Open Show Work Presented below are transactions related to Bogner Company. 1. On December 3, Bogner Company sold $612,000 of merchandise to Maris Co., terms 2/10, n/30, FOB shipping point. The cost of the merchandise sold was $374,500. 2. On December 8, Maris Co. was granted an allowance of $22,800 for merchandise purchased on December 3. 3. On December 13, Bogner Company received the balance due from Maris Co. Your answer is partially correct. Try again. Prepare the journal entries to record these transactions on the books of Bogner Company using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Date . 1. Dec. 3 Account Titles and Explanation Accounts Rec Debit Credit 61200 sales 61200 (To record credit sale.) Cost of Goods 374500 merchandise 374500 (To record cost of merchandise sold.) 2. Dec. 8 Sales Returns 22800 Accounts Rec 22800 Dec. 13 cash 599760 Sales Discoun 3. 12240 Accounts Rec 61200 SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Assume that Bogner Company received the balance due from Maris Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan. 2 Account Titles and Explanation Cash Debit Credit 61200 61200 Presented below are transactions related to Bogner Company. 1. On December 3, Bogner Company sold $612,000 of merchandise to Maris Co., terms 2/10, n/30, FOB shipping point. The cost of the merchandise sold was $374,500. 2. On December 8, Maris Co. was granted an allowance of $22,800 for merchandise purchased on December 3. 3. On December 13, Bogner Company received the balance due from Maris Co. Your answer is partially correct. Try again. Prepare the journal entries to record these transactions on the books of Bogner Company using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Date . 1. Dec. 3 Account Titles and Explanation Accounts Rec Debit Credit 61200 sales 61200 (To record credit sale.) Cost of Goods 374500 merchandise 374500 (To record cost of merchandise sold.) 2. Dec. 8 Sales Returns 22800 Accounts Rec 3. Dec. 13 22800 cash 599760 Sales Discoun 12240 Accounts Rec 61200 Presented below are selected accounts for Salazar Company as reported in the worksheet using a perpetual inventory system at the end of May 2014. Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet. Adjusted Trial Balance Debit Credit Accounts Cash Balance Sheet Debit Credit 21,330 Inventory Income Statement Debit Credit 77,640 Sales Revenue 511,190 Sales Returns and Allowances 10,180 Sales Discounts 12,410 Cost of Goods Sold 329,460 Click if you would like to Show Work for this question: Open Show Work The trial balance of D. Savage Company at the end of its fiscal year, August 31, 2014, includes these accounts: Inventory $18,520; Purchases $155,030; Sales Revenue $192,640; Freight-In $4,420; Sales Returns and Allowances $5,010; Freight-Out $1,700; and Purchase Returns and Allowances $2,550. The ending merchandise inventory is $25,790. Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). $ Inventory, September 1, 2013 $ Purchases 155030 : Less Sales Returns Total Revenues 5010 192640 : Less 18520 Freight-In 4420 Cost of Goods Purchased Total Revenues Total Expenses $ net income Click if you would like to Show Work for this question: Open Show Work