Question 19 Save and Subme Question 19 of 19 & Click Submit to complete this assessment. 1 points Save Answer Bet's, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of February were as follows: Purchase Feb. 4 16 gizmos @ $10 each Purchase Feb. 13 14 gizmos @ $12 each Purchase Feb. 27 23 gizmos @ $15 each On February 17 the company sold 20 units of this product. Assuming LIFO, the ending inventory at February 28 is: GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING S SIGN Question 19 of 19 Save and submit
Moving to another question will save this response Question 16 of 19 Question 16 1boints Save Answer Bet's, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of February were as follows: Purchase Feb. 4 Purchase Feb. 13 Purchase Feb. 27 16 gizmos @ $10 each 14 gizmos@ $12 each 23 gizmos @ $15 each In February the company sold 20 units of this product and records inventory using Specific Identification. Of the 20 sold: 4 were from 2/4 purchase, 10 were from 2/13 purchase and 6 were from 2/27 purchase. Compute ending inventory. GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING S SIGN & Moving to another question will save this response. Question 16 of 19
Moving to another question will save this response. Question 15 Beginning Inventory (Jan. 1) 16 pairs @ $10 each Purchase Jan. 11 14 pairs @ $12 each Purchase Jan. 20 23 pairs @ $15 each On January 14, the company sold 25 units of this product. The other 28 units remained in inventory at January 31. Question 15 of 19 Bets's Shoes, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: 1 points Save Ara Moving to another question will save this response. Assuming that the company uses the average cost flow assumption, the cost of goods sold to be recorded at January 14 is (round cost per unit to nearest cent before computing the value of cost of goods sold): GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING $ SIGN Question 15 of 19
Moving to another question will save this response. Questions of 19 Question 5 1 points Betty Bobs, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: Beginning Inventory (Jan. 1) Purchase Jan. 11. Sale Jan. 14 16 bobs @ $10 each 14 bobs @ $12 each 25 bobs @ $20 each Purchase Jan. 17 10 bobs @ $13 each Assuming that the company uses the FIFO flow assumption, the ending inventory to be recorded January 31 is: GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING S SIGN Question 5 of 19
Click Submit to complete this assessment. Click Submit to complete this assessment. Question 19 Save and Subme Question 19 of 19 & Click Submit to complete this a
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am