connect html Chapter 08 Pre-Built Proble... X Add, or Drop Classes Fents Company
ID: 2439394 • Letter: C
Question
connect html Chapter 08 Pre-Built Proble... X Add, or Drop Classes Fents Company began 201e with 5,000 unts of ts prncipal product The cost of each unit is $e.Merchundise transactions for the Jan. 18 Totala .00010 10 50,000 ?0udespurchase price and cost or not Jan. 12 Jan. 20 Teta 1, 000 :000 7,000 units were on hand at the end of the mort Requarea Calcuste January's ending inventory ans cost or goods sond for the moreh using each or the Tolowing atemanves 2. LIFO, peniodic 3 LIFO perpetual system 4. Average cost peroak system S. Average cost perpetual system Complete this question by entering your answers in the tabs below. Cest perEing PunchesesExplanation / Answer
STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC FIFO METHOD RECIEPTS COST OF GOODS SOLD BALANCE DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ Balance Oct1 5000 8 40000 5000 8 40000 Purchasse 10-Jan 3000 9 27000 1000 9 9000 2000 9 18000 18-Jan 5000 10 50000 5000 10 50000 TOTAL 13000 117000 6000 49000 7000 68000 STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC LIFO METHOD RECIEPTS COST OF GOODS SOLD BALANCE DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ Balance Oct1 5000 8 40000 5000 8 40000 Purchasse 10-Jan 3000 9 27000 1000 9 9000 2000 9 18000 18-Jan 5000 10 50000 5000 10 50000 TOTAL 13000 117000 6000 59000 7000 58000 STATEMENT SHOWING INVENTORY RECORD UNDER PERPETUAL LIFO METHOD RECIEPTS COST OF GOODS SOLD BALANCE DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ Jn 1 5000 8 40000 5-Jan 2000 8 16000 3000 8 24000 10-Jan 3000 9 27000 3000 8 24000 3000 9 27000 12-Jan 1000 9 9000 3000 8 24000 2000 9 18000 18-Jan 5000 10 50000 3000 8 24000 2000 9 18000 5000 10 50000 20-Jan 3000 10 30000 3000 8 24000 2000 9 18000 2000 10 20000 TOTAL 8000 77000 6000 55000 7000 62000 STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC WEIGHTED AVERAGE METHOD RECIEPTS COST OF GOODS SOLD BALANCE DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ Balance Oct1 5000 8 40000 Purchasse 10-Jan 3000 9 27000 18-Jan 5000 10 50000 TOTAL 13000 9 117000 6000 9 54000 7000 9 63000 STATEMENT SHOWING INVENTORY RECORD UNDER PERPETUAL WEIGHTED AVERAGE METHOD RECIEPTS COST OF GOODS SOLD BALANCE DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ Jn 1 5000 8 40000 5-Jan 2000 8 16000 3000 8 24000 10-Jan 3000 9 27000 3000 8 24000 3000 9 27000 Average 6000 8.5 51000 12-Jan 1000 8.5 8500 5000 8.5 42500 18-Jan 5000 10 50000 5000 8.5 42500 5000 10 50000 Average 10000 9.25 92500 20-Jan 3000 9.25 27750 7000 9.25 64750 TOTAL 8000 77000 6000 52250 7000 9.25 64750
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