Save Homework: HW #6 Score: 0 of 1 pt X E6-17A (similar to) 7 of 10 (3 complete) HW Score: 18.41%, 1 84 of 10 pts Question Help Richmond Company's inventory records for its retal division show the following at July 31 Click the icon to view the accounting records) Al July 31, 10 of these units are on hand Read the requirements Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods Begin by entering the number of units sold and number of units in ending inventory Then cak e cost of goods sold and ending inventory using a specific dentication then (average cost hen and finally () UFO (Round the average cost per unit to the nearest cent Round all in answers to the nearest whole dolar) )FFO Specific identification Number of units 14 10 Cost of goods sold Ending inventory Enter any number in the edit fields and then click Check Answer Check Answer Clear All parts 6 semang 7 of 10 (3 complete) HW SC similar to) 's inventory records for its retail division show the following at July 31 to view the accounting records ) se units are on hand ents Data Table Compute cost of goods sold and ending inventor he number of units sold and number of units in (Round the average cost per unit to the neare (a) specific identification, then (D) Number (a) Jul 1 Beginning inventory 15 Purchase 26 Purchase 6 unitses 150 - $ 900 4 units @ 151 - $ 604 14 units @ 160 $ 2240 of units Specific identification Print Done in the edit fields and then click Check Answer VV HU 7 of 10 (3 complete) HW Scor to) records for its retail division accounting records.) e on hand 0 X - Requirements st of goods sold and ending i of units sold and number of the average cost per unit to the ecific identification, then (b) ave 1. Compute cost of goods sold and ending inventory, using each of the following methods a. Specific identification, with five $150 units and five $160 units still on hand at the end b. Average cost c. FIFO d. LIFO 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? ats Specific identification Print Done Bit fields and then click Check Clear All Che earch o te wo Save Homework: HW #6 Score: 0 of 1 pt X E6-17A (similar to) 7 of 10 (3 complete) HW Score: 18.41%, 1 84 of 10 pts Question Help Richmond Company's inventory records for its retal division show the following at July 31 Click the icon to view the accounting records) Al July 31, 10 of these units are on hand Read the requirements Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods Begin by entering the number of units sold and number of units in ending inventory Then cak e cost of goods sold and ending inventory using a specific dentication then (average cost hen and finally () UFO (Round the average cost per unit to the nearest cent Round all in answers to the nearest whole dolar) )FFO Specific identification Number of units 14 10 Cost of goods sold Ending inventory Enter any number in the edit fields and then click Check Answer Check Answer Clear All parts 6 semang 7 of 10 (3 complete) HW SC similar to) 's inventory records for its retail division show the following at July 31 to view the accounting records ) se units are on hand ents Data Table Compute cost of goods sold and ending inventor he number of units sold and number of units in (Round the average cost per unit to the neare (a) specific identification, then (D) Number (a) Jul 1 Beginning inventory 15 Purchase 26 Purchase 6 unitses 150 - $ 900 4 units @ 151 - $ 604 14 units @ 160 $ 2240 of units Specific identification Print Done in the edit fields and then click Check Answer VV HU 7 of 10 (3 complete) HW Scor to) records for its retail division accounting records.) e on hand 0 X - Requirements st of goods sold and ending i of units sold and number of the average cost per unit to the ecific identification, then (b) ave 1. Compute cost of goods sold and ending inventory, using each of the following methods a. Specific identification, with five $150 units and five $160 units still on hand at the end b. Average cost c. FIFO d. LIFO 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? ats Specific identification Print Done Bit fields and then click Check Clear All Che earch o te wo
