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Putter's choice carriers anninventory of putters and other golfs clubs, the sales price of eqch putter is $119. company records indicate the following for a
Putter's choice carriers anninventory of putters and other golfs clubs, the sales price of eqch putter is $119. company records indicate the following for a particular line of Putter's choice's putters:
Golf Unlimited carries an inventory of putters and other golf clubs The sales price of each putter is $105 Company records indicate the following for a particular line of Golf Unlimited's per (CSck the icon to view the records) Read the requirements Requirement 1. Prepare a perpetual inventory record for the putors assuming Golf Unbrited uses the FIFO eventory costing method Then identity the cost of ending inventory and cont of gimts sold for the mo Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each ansaction Orce all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased sold, and on hand at the end of the period (Enter the oldest inventory leyes first) Cost of Goods Sold Inventory on Hand Date Jun 1 Jun 0 Quantity Purchases Unit Cost Total Cost Quantity Unit Cost Total Cost Total Cost 5311272 Unit Cost Quantity 24 $ Data table Date Jun 1 Jun 6 Jun. Jun. 17 Jun 30 tem Balance Purchase Sale Sale Quantity Unit Cost 63 20 30 30 70 - X Putter's Choice cames an inventory of putters and other golf clubs. The sales price of each putter is $119. Company records indicate the flowing for a particular line of Puter's Cho's p - X Requirements Data table 1. Date m Quantity Unit Cost Prepare Putter's Choice's perpetual inventory record for the putters assuming Putter's Choice uses the LIFO inventory costing method. Then identity the cost of ending inventory and cost of goods sold for the month Journalize Puter's Choice's inventory transactions using the LIFO inventory costing method (Assume purchases and sales are made on account) Balance 15 $ 25 2. Sale Purchase Sale Sale Sep. 1 Sep. 6 Sep. 8 Sep. 17 Sep 30 10 2220 00 inventury and cost of goods sold for th sactions have been eared in the Data table Date Sep. 1 Sep. 6 Sep. 8 Sep. 17 Sep. 30 Item Balance Sale Purchase Sale Sale Quantity Unit Cost 15 $ 75 10 20 20 3 80 Requirements 1. 2. Prepare Putter's Choice's perpetual inventory record for the putters assuming Putter's Choice uses the LIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Putter's Choice's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.) Golf Unlimited carries an inventory of putters and other golf clubs The sales price of each putter is $105 Company records indicate the following for a particular line of Golf Unlimited's per (CSck the icon to view the records) Read the requirements Requirement 1. Prepare a perpetual inventory record for the putors assuming Golf Unbrited uses the FIFO eventory costing method Then identity the cost of ending inventory and cont of gimts sold for the mo Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each ansaction Orce all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased sold, and on hand at the end of the period (Enter the oldest inventory leyes first) Cost of Goods Sold Inventory on Hand Date Jun 1 Jun 0 Quantity Purchases Unit Cost Total Cost Quantity Unit Cost Total Cost Total Cost 5311272 Unit Cost Quantity 24 $ Data table Date Jun 1 Jun 6 Jun. Jun. 17 Jun 30 tem Balance Purchase Sale Sale Quantity Unit Cost 63 20 30 30 70 - X Putter's Choice cames an inventory of putters and other golf clubs. The sales price of each putter is $119. Company records indicate the flowing for a particular line of Puter's Cho's p - X Requirements Data table 1. Date m Quantity Unit Cost Prepare Putter's Choice's perpetual inventory record for the putters assuming Putter's Choice uses the LIFO inventory costing method. Then identity the cost of ending inventory and cost of goods sold for the month Journalize Puter's Choice's inventory transactions using the LIFO inventory costing method (Assume purchases and sales are made on account) Balance 15 $ 25 2. Sale Purchase Sale Sale Sep. 1 Sep. 6 Sep. 8 Sep. 17 Sep 30 10 2220 00 inventury and cost of goods sold for th sactions have been eared in the Data table Date Sep. 1 Sep. 6 Sep. 8 Sep. 17 Sep. 30 Item Balance Sale Purchase Sale Sale Quantity Unit Cost 15 $ 75 10 20 20 3 80 Requirements 1. 2. Prepare Putter's Choice's perpetual inventory record for the putters assuming Putter's Choice uses the LIFO inventory costing method. Then identify the cost of ending inventory and cost of goods sold for the month. Journalize Putter's Choice's inventory transactions using the LIFO inventory costing method. (Assume purchases and sales are made on account.) prepare Putter's Choice's perpetual inventory record for the putters assuming Putters choice uses LIFO inventory consting method. Then identify the cost of ending inventory and cost of goods sold for the month
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