Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

******Please see the Change. help me to do this execise for the book accounting 26 warren reeve Duchac some change. PE 7-2A(pag350)*change to LIFO PE

image text in transcribed

******Please see the Change.

help me to do this execise for the book accounting 26 warren reeve Duchac some change.

PE 7-2A(pag350)*change to LIFO

PE 7-3A( Pag350) *Change to FIFO

PE 7-4A (pg. 351) - *Change, Inventory 70 units

PE 7-6A (pg. 351) - Change , Inventory Quantity 1,255 and 6,560

PR 7-4A (pg. 359) The profesor want to see the transation.

Thank for you help. image text in transcribed image text in transcribed image text in transcribed

350 Chapter 7 Inventories EE7-1 5PE 7-1B Cost flow methods The following three identical units of Item Beta are purchased during June: Item Bata Units Purchase Purchase s 50 60 June2 12 23 Tot Average cost per unit $180 (5180 . ,units) Determine the gross profit for June and ending inventory on June 30 (a) first-in, first using the Assume that one unit is sold on June 27 for $110. verage cost 0411 |- PE 7-2A Perpetual inventory using-, L-1 Beginning inventory, purchases, and sales for Item ProX2 are as follows EE 7-2 60 units at $100 Jan t 1 Inventory 13 Purchase 50units at $110 25 Sale 48 units Assuming a perpetual ieventory system and using the first-in, first-out (FIFO) method termine (a) the cost of merchandise sold on January 25 and (b) the inventory on January 31 RL1 73Y PE 7-2B Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Delta are as follows: y 1 Inventory 50 units at 515 15 Purchase 90 units at 518 24 Sale Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method detenmsine (ao the cost of merchandise sold on July 24 and Ob) the inventory on July . F PE 7-3A Beginning inventory, purchases, and sales for Item Zebra 9x are as follows: Perpetual inventory using . i r Inventory 420 units at $8 300 units 280 units at $9 250 units 20 18 Sale Assuming a perpetual lnventory s mine (a) the cont of merchandise sysem and using the last sold on April 27 and (b) the inventory on in, first-out (LIFO) method, detcr 73 PE 7-38 Perpetual inventory using LIFO Beginning teventory, parchases, and sales for ttem Foxtrot are as follows 270 units at 518 Ma 1 Inventory 225 units 375 units at 520 240 units 15 Assuming a perpetual ieventory systerm and using the last-in, first-out (LIFO) method, de termine (a) the cot of merchandise sold on March 27 and (b) the inventory on March nventory on March 31 350 Chapter 7 Inventories EE7-1 5PE 7-1B Cost flow methods The following three identical units of Item Beta are purchased during June: Item Bata Units Purchase Purchase s 50 60 June2 12 23 Tot Average cost per unit $180 (5180 . ,units) Determine the gross profit for June and ending inventory on June 30 (a) first-in, first using the Assume that one unit is sold on June 27 for $110. verage cost 0411 |- PE 7-2A Perpetual inventory using-, L-1 Beginning inventory, purchases, and sales for Item ProX2 are as follows EE 7-2 60 units at $100 Jan t 1 Inventory 13 Purchase 50units at $110 25 Sale 48 units Assuming a perpetual ieventory system and using the first-in, first-out (FIFO) method termine (a) the cost of merchandise sold on January 25 and (b) the inventory on January 31 RL1 73Y PE 7-2B Perpetual inventory using FIFO Beginning inventory, purchases, and sales for Item Delta are as follows: y 1 Inventory 50 units at 515 15 Purchase 90 units at 518 24 Sale Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method detenmsine (ao the cost of merchandise sold on July 24 and Ob) the inventory on July . F PE 7-3A Beginning inventory, purchases, and sales for Item Zebra 9x are as follows: Perpetual inventory using . i r Inventory 420 units at $8 300 units 280 units at $9 250 units 20 18 Sale Assuming a perpetual lnventory s mine (a) the cont of merchandise sysem and using the last sold on April 27 and (b) the inventory on in, first-out (LIFO) method, detcr 73 PE 7-38 Perpetual inventory using LIFO Beginning teventory, parchases, and sales for ttem Foxtrot are as follows 270 units at 518 Ma 1 Inventory 225 units 375 units at 520 240 units 15 Assuming a perpetual ieventory systerm and using the last-in, first-out (LIFO) method, de termine (a) the cot of merchandise sold on March 27 and (b) the inventory on March nventory on March 31

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 Theory And Practice

Authors: M. W. E. Glautier, Brian Underdown

7th Edition

0273651617, 978-0273651611

More Books

Students also viewed these Accounting questions