Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls help with the 4 graphs thanks Saved Help Save & Exit s! Check my we Date Problem 5-3A Perpetual: Alternative cost flows LO P1

pls help with the 4 graphs thanks
image text in transcribed
image text in transcribed
Saved Help Save & Exit s! Check my we Date Problem 5-3A Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar year purchases and sales transactions Activities Units. Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 540 unitse $55 per unit Feb. 10 Purchase 460 units 553 per unit Mar. 13 Purchase 100 units @ $40 per unit Mar. 15 Sales 745 units a 500 per unit Aug. 21 Purchase 170 units@ $61 per unit Sept. 5 Purchase 430 units $54 per unit Sept. 10 Sales 600 units $80 per unit Totals 1.700 units 1,345 units Required: 1. Compute cost of goods available for sale and the number of units available for sale Cost of goods available for sale Number of units valable for sale 5 91,670 1700 + Prev 1 of 1 Next 20 tv MEDIA . 3: :& 1 $ 4 A 6 C V B N M V- Check my word 3. Compute the cost assigned to ending Inventory using a FIFO (LIFO. (weighted average, and (dspecific identification. For specific identification, units sold consist of 540 units from beginning inventory, 360 from the February 10 purchase, 100 from the March 13 purchase, 120 from the August 21 purchase, and 225 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Perpetual Fuo Perpetual LIFO Weighted Average Specific to Compute the cost assigned to ending Inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO Date Jant Feb 10 Goods Purchased Cost of Goods Sold Inventory Balance of Cost per of units Cost per cost of Goods Sold of units Cost per Inventory units Bold unit unit Balance 560 $55.00 20.700.00 460 553.00 540 e $55.00 $ 29.700.00 400 $50.00 24 000 5 54.000.00 100 $40.00 540 $94.00 5 29.700.00 400 e 363.00 21.200.00 100 $69.00 - 4,000.00 $ 54,800.00 Mar 13 Prev 101 Next 20 Stv MeBook Air : . 2 8: 448 1 % 5 1 6 & 7 8 9 B E R T Y U 1 O D F F G H J L B N. Z M . . ? 1 # command option

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

Merchandising Math A Managerial Approach

Authors: Doris Kincade, Fay Gibson, Ginger Woodard

1st Edition

0130995886, 978-0130995889

More Books

Students also viewed these Accounting questions