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plz answer these questions Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Urban Glam Cosmetics made sales on the following
plz answer these questions
Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Urban Glam Cosmetics made sales on the following dates at a selling price of $34 per unit: Assume that Urban Glam Cosmetics uses the specific identification method to cost inventory. The 931 units were specifically sold as follows: Calculate cost of goods sold and the gross profit. Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Urban Glam Cosmetics made sales on the following dates at a selling price of $34 per unit: Assume that Urban Glam Cosmetics. uses the specific identification method to cost inventory. The 931 units were specifically sold as follows: Calculate cost of goods soid and the gross profit. During 2020, Fresh Express Company sold 2,350 units of its product on September 20 and 2,300 units on December 22 , all at a price of $76 per unit. Incurring operating expenses of $19 per unit sold, it began the year with and made successive purchases of the product as follows: Required: Prepare a comparative income statement for the company, showing in adjacent columns the profits earned from the sale of the product, assuming the conlpany uses a perpetual inventory system and prices its ending inventory on the basis of (a) FIFO and (b) Moving weighted average: (Round "Cost per unit" to 2 decimal places. Do not Round intermediate calculations. Round your final answers to 2 decimal places.) Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130. Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) Telamark Company uses the moving weighted average method for inventory costing. Required: The following incomplete inventory sheet regarding Product W506 is available for the month of March 2020 . Complete the in sheet. (Use the value of the ending inventory as your base number and adjust the COGS $ amount to the required amour make the Total Goods Available for Sale to the total of the Value of the ending inventory and the COGS total. Negative ve should be indicated with minus sign. Round your intermediate and final answers to 2 decimal places.) Note: March 4 reflects a return made by a customer of incorrect items shipped on March 3 ; these items were returned to inventory. Analysis Component: The gross profit realized on the sale of Product W506 during February 2020 was 38.69%. The selling price was $165 during both February and March. Calculate the gross profit ratio for Product W 506 for March 2 (r 20 and determine whether the change is favorable or unfavorable from February. (Round your intermediate calculations and final anwer to 2 decimal places.)Step by Step Solution
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