The other albank statement of Aitkehas Antero I Rand to prepare the te bank can you the the foldat a Arte Cash out a balance of $2,250.14 on October The Otober bank balance $4,000 the bank statement shows that Article and $18.19 of interest on its bank balance w October This was asked to Article bank balance ARILE s utilities of Soe and instance of $100 by IF the ARNALE chees dat not clear the bank try Oxtos sobre 31 $46.10 500.00 SAROS 187 609 51 88 101.63 a. The bank statement includes a donation of $850, electronically deposited to the bank for ARTICLE b. The bank statement lists a $10.50 bank service charge. On October 31, the ARTICLE treasurer deposited $16.15, which will appear on the November bank statement. d. The bank statement includes a $300 deposit that ARTICLE did not make. The bank added Q2 (35 martes) Avaduta Ltd. Inventory records for a particular development program show the following at October 31, 2016: Oct 1 15 Beginning inventory Purchase Purchase 5 units 11 units 5 units $150 = 160 = 170 26 $750 1,760 850 At October 31, 10 units of these programs are on hand. Avaduta uses the perpetual inventory systern. Requirements 3. Compute cost of goods sold and ending inventory, using each of the following methods: a. Specific unit cost, with two $150 units, three $160 units, and five $170 units still on hand at the end. b. Weighted average cost c. First-in, first out cost 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? Q3 (30 marks) o e The other albank statement of Aitkehas Antero I Rand to prepare the te bank can you the the foldat a Arte Cash out a balance of $2,250.14 on October The Otober bank balance $4,000 the bank statement shows that Article and $18.19 of interest on its bank balance w October This was asked to Article bank balance ARILE s utilities of Soe and instance of $100 by IF the ARNALE chees dat not clear the bank try Oxtos sobre 31 $46.10 500.00 SAROS 187 609 51 88 101.63 a. The bank statement includes a donation of $850, electronically deposited to the bank for ARTICLE b. The bank statement lists a $10.50 bank service charge. On October 31, the ARTICLE treasurer deposited $16.15, which will appear on the November bank statement. d. The bank statement includes a $300 deposit that ARTICLE did not make. The bank added Q2 (35 martes) Avaduta Ltd. Inventory records for a particular development program show the following at October 31, 2016: Oct 1 15 Beginning inventory Purchase Purchase 5 units 11 units 5 units $150 = 160 = 170 26 $750 1,760 850 At October 31, 10 units of these programs are on hand. Avaduta uses the perpetual inventory systern. Requirements 3. Compute cost of goods sold and ending inventory, using each of the following methods: a. Specific unit cost, with two $150 units, three $160 units, and five $170 units still on hand at the end. b. Weighted average cost c. First-in, first out cost 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? Q3 (30 marks) o e
