Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Someone answered incomplete before, help! The last one is a Bonus, no need to be answered. Anyway, the question is the following: Using part II

image text in transcribed
image text in transcribed
Someone answered incomplete before, help!
The last one is a Bonus, no need to be answered. Anyway, the question is the following:
Using part II determine: The cost of sales, purchases and the Final Inventory in units and cost. Using the "LIFO" method.
II. Beginning Inventory, Purchases and Sales Data for RMR Restaurants are the following: The RMR Restaurants maintains a perpetual Inventory System costing by the first- in first out (FIFO) method June 1st - Inventory June 5 - Sold June 13 - Purchased June 16 - Sold June 22- Sold June 30 - Purchased 24 units at $30 10 units 15 units at 31 18 units 5 units 15 units at 32 a) Determine the cost of Sale b) Determine the Ending Inventory (Cost and Units) c) Determine the purchases I. Prepare el income Statement" y el Balance Sheet" en el formato adecuado para el siguiente Trial Balance correspondiente al tro de agosto del 2012 al 31 de julio de 2013 RMR HOTEL Trial Balance July 31, 2018 $11 200 3.240 1.200 40.000 96,000 567.200 $2.000 35 00 1.450 7340 900 Cash Supplies Prepaid Rent Prepaid insurance Land Buitings Accumulated Depreciation Buildings Equipments Accumulated Depreciation Equipments Accounts Payable Notes Payable Taxes Payable RR Hotel Capital RUR Hotel Drawing Sales Room Division Sales Food and Beverage Income from Gin Shop Salary Expense Rent Expense Supplies Expense Depreciation Expense Uses Expenses Taxes Expenses Insurance Expenses Miscellaneous Expenses 120.430 20,500 100,000 16,000 680 69.650 6.000 5.210 3.920 1.520 1.150 780 $ 350,920 $ 350,920 I BONO (7PTS) 1. Uslizando el ejercicio de la PARTE l del Examen, determine: El costo de lo vendido, las compras y el Inventario Final en unidades y costo Usando el mtodo de UFO

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions