Beginning inventory, purchases, and sales data for dvd players are as follows: november 1 inventory 120 units at $39 10 sale 90 units 15 purchase 140 units at $40 20 sale 110 units 24 sale 45 units 30 purchase 160 units at $43 the business maintains a perpetual inventory system, costing by the first-in, first-out method.
a. determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in exhibit 3. under fifo, if units are in inventory at two different costs, enter the units with the lower unit cost first in the cost of goods sold unit cost column and in the inventory unit cost column. cost of the goods sold schedule first-in, first-out method dvd players
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Beginning inventory, purchases, and sales data for dvd players are as follows: november 1 inventory 120 units at $39 10 sale 90 units 15 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
People joined together in 4. A. Proprietorship B. Ownership C. Partnership D. Investment
Answers (1)
The U. S. Post Office charges 40 cents for the first ounce and 25 cents per ounce for each additional ounce. Use an inequality to find the number of whole ounces that can be mailed for no more than $4.00.
Answers (1)
PA13. LO 5.5Selected information from Skylar Studios shows the following: Prepare journal entries to record the following: raw material purchased direct labor incurred depreciation expense (hint: this is part of manufacturing overhead) raw materials
Answers (1)
In medieval Europe an important technological advance was the use of the padded horse collar for plowing. Once this idea was thought of, other people used it.
Answers (1)
The total factory overhead for Martin Company is budgeted for the year at $375,000. Martin manufactures two garden products: a leaf blower and a garden wagon. These products each require four direct labor hours (dlh) to manufacture.
Answers (1)
New Questions in Business
Replace present refrigerators with similar refrigerators at a cost of $20 x 106. Option 2. Replace present refrigerators with lake-source cooling at a cost of $50 x 106. However, the lake-source cooling would save 1.
Answers (1)
For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $90,000; shipping expenses total 2% of sales;
Answers (1)
Steven is going to purchase two stocks to form the initial holdings in his portfolio. Iron stock has an expected return of 25 percent, while Copper stock has an expected return of 19 percent.
Answers (1)
Continuous quality improvement depends heavily upon: Select one: a. hard work b. monitoring special causes of variance c. use of checklists d. employment of the PDCA cycle
Answers (1)
The difficulty in cost-benefit analysis is that the benefits are usually evident and easily measurable, while the costs are not always evident or measurable. A) True B) False
Answers (1)