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Required information (The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Number of Units Date

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Required information (The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Number of Units Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov.11 Purchase Unit Cost $ 14 13 12 Total Cost $ 168 221 264 17 10 220 $ 873 For the entire year, the company sells 60 units of inventory for $22 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale $ # of units Cost per unit Cost of Goods Sold Cost Ending #of units per unit Inventory $ 0 $ Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 Total $ 0 $ 00 0 $ 0 0 $ 0 | Sales revenue Gross profit Required information [The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov.11 Purchase Number of Units 12 17 22 Unit Cost $ 14 13 12 Total Cost $ 168 221 264 220 $ 873 For the entire year, the company sells 60 units of inventory for $22 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit of units Cost of Goods Available for Sale $ vite Cost per Cost of 'T Goods Sold te # of units unit Cost Ending per unit Inventory Beginning Inventory Purchases: Mar 04 Jun 09 Nov 110 Total 0 $ 0 Sales revenue Gross profit Required information The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Number of Units Unit Cost $ 14 Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov.11 Purchase 22 Total Cost $ 168 221 264 220 $ 873 WWN For the entire year, the company sells 60 units of inventory for $22 each. 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 2 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Cost of Goods # of units Average Cost of # of units Average cost of Goods # of # of units Cost per Available for | Sold unit Sale Cost per din Ending Goods Sold " Inventory Average Cost per unit Ending Inventory Unit R 12 168 Beginning Inventory Purchases: Mar.4 Jun.9 221 264 220 873 Nov. 11 Total 22 73 $ Sales revenue Gross profit

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