Please post in a similar format this is all ONE question with several parts ill be sure to thumbs up once completed than
Posted: Sat Mar 19, 2022 5:42 pm
Please post in a similar format this is all ONE question
with several parts ill be sure to thumbs up once completed thank
you so much
Required Information Use the following information for the Exercises 8-10 below. (Algo) [The following Information applies to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only product. Units Acquired at cost 300 units @ $14.88 Units sold at Retail = $ 4,200 250 units $44.ee Date January 1 January 10 March 14 March 15 July 30 October 5 October 26 520 units @ $19.80 = 9,880 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 460 units @ $44.ee 500 units @ $24.00 = 12,000 480 units @ $44.ee @ $29.00 200 units 1,520 units 5,800 $ 31,880 1,190 units Exercise 5-8 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 Required: Hemming uses a perpetual Inventory system. 1. Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending Inventory and to cost of goods sold using LIFO. 3. Compute the gross profit for FIFO method and LIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Goods Purchased Cost per # of units unit Date Perpetual FIFO: Cost of Goods Sold # of units sold Cost per Cost of Goods Sold unit Inventory Balance Cost per Inventory unit Balance # of units January 1 January 10 March 14 Total March 14
Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold # of units Cost of Goods Sold January 1 January 10 Date Cost per Inventory Balance Cost per Inventory unit Balance # of units sold Cost per #of units unit unit March 14 Total March 14 March 15 Total March 15 July 30 Total July 30 October 5 Total October 5 October 26 Totals < Required Required 2 >
Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Goods Purchased Cost per # of units unit Date Inventory Balance Cost per # of units Inventory unit Balance January 1 January 10 March 14 Total March 14 March 15 Total March 15 July 30 Total July 30 October 5 Total October 5 October 26 Totals < Required 1 Required 3 >
Required Information Use the following Information for the Exercises 8-10 below. (Algo) (The following information applies to the questions displayed below.) Hemming Company reported the following current-year purchases and sales for its only product. Units Sold at Retail Units Acquired at Cost 300 units @ $14.80 = $ 4,200 250 units $44.00 520 units Date January 1 January 10 March 14 March 15 July 30 October 5 October 26 @ $19.00 - 9,880 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 460 units @ $44.ee 500 units @ $24.80 = 12,000 480 units @ $44.ee @ $29.ee = 5,888 2ee units 1,520 units $ 31,880 1,190 units Exercise 5-8 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 Required: Hemming uses a perpetual Inventory system. 1. Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending Inventory and to cost of goods sold using LIFO. 3. Compute the gross profit for FIFO method and LIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the gross profit for FIFO method and LIFO method. FIFO LIFO Sales revenue Less: Cost of goods sold Gross profit < Required 2 Required 3)
with several parts ill be sure to thumbs up once completed thank
you so much
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Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold # of units Cost of Goods Sold January 1 January 10 Date Cost per Inventory Balance Cost per Inventory unit Balance # of units sold Cost per #of units unit unit March 14 Total March 14 March 15 Total March 15 July 30 Total July 30 October 5 Total October 5 October 26 Totals < Required Required 2 >
Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Goods Purchased Cost per # of units unit Date Inventory Balance Cost per # of units Inventory unit Balance January 1 January 10 March 14 Total March 14 March 15 Total March 15 July 30 Total July 30 October 5 Total October 5 October 26 Totals < Required 1 Required 3 >
Required Information Use the following Information for the Exercises 8-10 below. (Algo) (The following information applies to the questions displayed below.) Hemming Company reported the following current-year purchases and sales for its only product. Units Sold at Retail Units Acquired at Cost 300 units @ $14.80 = $ 4,200 250 units $44.00 520 units Date January 1 January 10 March 14 March 15 July 30 October 5 October 26 @ $19.00 - 9,880 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 460 units @ $44.ee 500 units @ $24.80 = 12,000 480 units @ $44.ee @ $29.ee = 5,888 2ee units 1,520 units $ 31,880 1,190 units Exercise 5-8 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 Required: Hemming uses a perpetual Inventory system. 1. Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending Inventory and to cost of goods sold using LIFO. 3. Compute the gross profit for FIFO method and LIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the gross profit for FIFO method and LIFO method. FIFO LIFO Sales revenue Less: Cost of goods sold Gross profit < Required 2 Required 3)