subject
Business, 18.06.2020 01:57 angie7665

During 2021, a company sells 23 units of inventory. The company has the following inventory purchase transactions for 2021: Number Unit Total of Units Transaction Date Cost Cost Jan. 1 Beginning inventory Sep. 8 Purchase $58 $ 14 812 16 66 960 $1,772 30 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold During 2021, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2021 Number of Units Unit Total Transaction Cost Cost Date $58 Jan. 1 Beginning inventory Sep. 8 $1,102 19 60 10 600 se $1,702 29 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods sold During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021 Number of Units Unit Total Transaction Date Cost Cost $ 750 1,260 $ 50 Jan. 1 Beginning inventory Sep. 8 Purchase 15 10 126 $2,010 25 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted-average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending inventory Cost of goods sold

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 18:20
Which of the following housing decisions provides a person with both housing and an investment? a. selling a share in a cooperative. b. buying a single-family home. c. renting an apartment. d. subletting a condominium. 2b2t
Answers: 2
question
Business, 21.06.2019 20:30
Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation
Answers: 3
question
Business, 21.06.2019 21:20
Trinity coatings company uses the indirect method to prepare its statement of cash flows. refer to the following information for 2018: the beginning balance in the cash account was $ 3 comma 000. net cash provided by operating activities: $ 42 comma 000 net cash used for investing activities: $(26 comma 500) net cash provided by financing activities: $ 1 comma 700 the statement of cash flows will show
Answers: 2
question
Business, 21.06.2019 22:50
Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chief information officer and the it senior leadership team (slt). at this point, the cio has the responsibility to ensure that management processes observe the governance rules. for example, the project team might present the proposed project in an slt meeting for a vote of approval. what does this scenario illustrate about organizational structure?
Answers: 2
You know the right answer?
During 2021, a company sells 23 units of inventory. The company has the following inventory purchase...
Questions
question
Mathematics, 21.01.2021 23:40
question
Mathematics, 21.01.2021 23:40
question
Mathematics, 21.01.2021 23:40
question
Mathematics, 21.01.2021 23:40
Questions on the website: 13722360