{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T19:11:05-04:00", "answer_date": "2024-05-27 19:11:05", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1796864", "url": "\/study-help\/questions\/question-3-14-points-the-courtland-corp-company-has-the-1796864", "question_creation_date_js": "2024-05-27T19:11:05-04:00", "question_creation_date": "May 27, 2024 07:11 PM", "meta_title": "[Solved] Question 3 [14 points] The Courtland Corp | SolutionInn", "meta_description": "Answer of - Question 3 [14 points] The Courtland Corp. company has the following purchases and sales during the year ended Decembe | SolutionInn", "meta_keywords": "question,3,14,points,courtland,corp,company,purchases,sales,year,ended,december", "question_title_h1": " Question 3 [14 points] The Courtland Corp. company has the following purchases and sales during the year ended December 31, 2014. Sales Inventory and", "question_title": " Question 3 [14 points] The Courtland Corp. company has the following", "question_title_for_js_snippet": "Question 3 14 points The Courtland Corp company has the following purchases and sales during the year ended December 31, 2014 Sales Inventory and Purchases Beginning 300 units $34 unit March 8 100 units $36 unit May 31 200 units $34 unit March 23 200 units July 10 200 units Specific Units Sold March 23 160 units from beginning inventory 40 units from the March 8 purchase July 10 80 units from beginning inventory 40 units from the March 8 purchase 80 units from the May 31 purchase A The units have a selling price of $50 00 per unit a) Given that Courtland Corp employs a perpetual inventory system, calculate the cost of goods available for sale and the number of units available for sale, as well as the units remaining in ending inventory Cost of goods available for sale Units available for sale Units remaining in ending inventory b) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross profit earned by Courtland Corp using the specific identification system Cost of Goods Sold Ending Inventory Specific Identification", "question_description": "\"image\"image\"image", "transcribed_text": "Question 3 [14 points] The Courtland Corp. company has the following purchases and sales during the year ended December 31, 2014. Sales Inventory and Purchases Beginning: 300 units @ $34\/unit March 8: 100 units @ $36\/unit May 31: 200 units @ $34\/unit March 23: 200 units July 10: 200 units Specific Units Sold March 23: 160 units from beginning inventory 40 units from the March 8 purchase July 10: 80 units from beginning inventory 40 units from the March 8 purchase 80 units from the May 31 purchase A The units have a selling price of $50.00 per unit. a) Given that Courtland Corp. employs a perpetual inventory system, calculate the cost of goods available for sale and the number of units available for sale, as well as the units remaining in ending inventory. Cost of goods available for sale: Units available for sale: Units remaining in ending inventory: b) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross profit earned by Courtland Corp. using the specific identification system. Cost of Goods Sold Ending Inventory Specific Identification", "related_book": { "title": "Essentials of Accounting for Governmental and Not-for-Profit Organizations", "isbn": "007352705X, 978-0073527055", "edition": "10th Edition", "authors": "Paul A. Copley", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/77.jpg", "uri": "\/textbooks\/essentials-of-accounting-for-governmental-and-not-for-profit-organizations-10th-edition-77", "see_more_uri": "" }, "free_related_book": { "isbn": "1445655292", "uri": "\/textbooks\/paras-voices-of-the-british-airborne-forces-in-the-second-world-war-1st-edition-978-1445655291-168896", "name": "Paras Voices Of The British Airborne Forces In The Second World War", "edition": "1st Edition" }, "question_posted": "2024-05-27 19:11:05", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-global-survey-we-learned-about-in-exercise-49-also", "description": "The global survey we learned about in Exercise 49 also asked respondents how they felt about the statement \"I try to avoid eating fast foods.\" The random sample of 800 included 411 people 35 years...", "stars": 3 }, { "url": "\/suppose-there-are-four-ice-cream-vendors-on-the-beach", "description": "Suppose there are four ice cream vendors on the beach depicted in Exhibit. 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