The KTM SA company sells ALCATTEL brand cell phones in the north of the country. The inventory at July 1, 2021 is 100 units at a value of $ 1,200 each. During July the following events occurred July 1 KTM SA purchased 350 units from a new supplier at $ 1,600 + VAT. How not known, KTM contracts the service of a company to verify that the equipment is found in good condition. The total cost of the service was $ 3,500 + VAT and it was prorated equitably among all units purchased. He paid everything in cash July 9. The company sells 300 units at 3.100 + VAT each on a 3-month credit without interest The inspection service is not contracted 3. July 10. KTM SA buys an additional 100 units at a unit cost of 2.100 + VAT. 4. July 16. One of the customers of the previous sale returns 5 units since there was no according to the product. "Y-Phones are better," he told the salesperson In addition, it is known that the company uses the Permanent (Non-Periodic) control method and uses the FIFO assumption for the cost stream. It asks: 1. (16 points) Register the 4 July transactions by means of entries. Recommendation: can support yourself by developing a stock card (it does not have a score) 2. (3 points) What is the theoretical ending inventory with which the company should finish the month? Justify 3. (3 points) in the month-end review, the warehouse manager finds 240 units. Calculate: losses and record them in the accounting, if applicable. By company policy any loss is considered abnormal. 4. (3 points) What is the amount of VAT that the company must deliver to the Treasury for the operations of the month? Justify, 5. (5 Points) Suppose now that the company uses the Non-Permanent (Periodic) method and that it does not It carries a theoretical inventory of what should be in the warehouse Estimate the Ending Inventory and Cost per Sale, Please indicate iflosses can be calculated. Justify The KTM SA company sells ALCATTEL brand cell phones in the north of the country. The inventory at July 1, 2021 is 100 units at a value of $ 1,200 each. During July the following events occurred July 1 KTM SA purchased 350 units from a new supplier at $ 1,600 + VAT. How not known, KTM contracts the service of a company to verify that the equipment is found in good condition. The total cost of the service was $ 3,500 + VAT and it was prorated equitably among all units purchased. He paid everything in cash July 9. The company sells 300 units at 3.100 + VAT each on a 3-month credit without interest The inspection service is not contracted 3. July 10. KTM SA buys an additional 100 units at a unit cost of 2.100 + VAT. 4. July 16. One of the customers of the previous sale returns 5 units since there was no according to the product. "Y-Phones are better," he told the salesperson In addition, it is known that the company uses the Permanent (Non-Periodic) control method and uses the FIFO assumption for the cost stream. It asks: 1. (16 points) Register the 4 July transactions by means of entries. Recommendation: can support yourself by developing a stock card (it does not have a score) 2. (3 points) What is the theoretical ending inventory with which the company should finish the month? Justify 3. (3 points) in the month-end review, the warehouse manager finds 240 units. Calculate: losses and record them in the accounting, if applicable. By company policy any loss is considered abnormal. 4. (3 points) What is the amount of VAT that the company must deliver to the Treasury for the operations of the month? Justify, 5. (5 Points) Suppose now that the company uses the Non-Permanent (Periodic) method and that it does not It carries a theoretical inventory of what should be in the warehouse Estimate the Ending Inventory and Cost per Sale, Please indicate iflosses can be calculated. Justify
