tel)RE 17GenFilePasteN20222324252627282930313233mm m34359.2.36mmHome3738X CutLB CopyFormat PainterClipboardMInsert:NPurchase $123Page LayoutLiberation SansBIUсAB1 Formula: Multiply; Cell Referencing23 Using Excel to Determine Ending InventoryPROBLEMUnits on hand66°FRain off and onUnits30045 In its first month of operations, McLanie Company made6 three purchases of merchandise in the following sequence:78Formulas400500Enter AnswerReady Accessibility: InvestigatehFont+D910111213 McLanie uses a periodic inventory system. It also provided14 the following information:1516171819202112atatatbalDataA AE200ReviewUnit Cost$ 6.00$ 8.00$ 9.00= = ====FViewGHelpWrap Text33Merge & CenterAlignmentHTell me what you want to doFIFOJLIFOCustom$ - % --0KIUnits200NumberMNNCompute the cost of the ending inventory under thea. FIFO methodConditional Format asFormattingTableStudent Work AreaRequired: Provide input into cells shaded in yellow in thistemplate. Use a cell references and mathematicalformulas for calculations.Unit Cost Total Cost$ 6.00 $ 1,200Compute the cost of the ending inventory under theb. LIFO methodChapter6Excel QuestUnits Unit Cost Total Cost200 $9.00 $ 1,8000MHO LDPMDELI

There are several methods to calculate the value of ending inventory and LIFO and FIFO methods are…

Compute the cost of the ending inventory under the a. FIFO method FIFO Units Unit Cost Total Cost 200 $ 6.00 $ 1,200 Compute the cost of the ending inventory under the b. LIFO method LIFO Units 200 Unit Cost Total Cost $9.00 $1,800

Compute the cost of the ending inventory under the a. FIFO method FIFO Units Unit Cost Total Cost 200 $ 6.00 $ 1,200 Compute the cost of the ending inventory under the b. LIFO method LIFO Units 200 Unit Cost Total Cost $9.00 $1,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question 6- Inventory and Over X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.muskegoncc.edu%252Fwebapps% mation buss Gmail 6 nts eBook ntory and Overload Homework (Ch. 18) i ✔ Print References F ny Mc Graw X tra ww hers Thread: Persuasive Essay-20225 x YouTube Beginning inventory and purchases January 1 April 10 May 15 July 22 August 19 From the following, calculate the cost of ending inventory and cost of goods sold for the LIFO method, ending inventory is 57 units. (Round your answers to the nearest cent.) Maps MY MCC September 30 November 10 December 15 Cost of ending inventory Cost of goods sold Units 4 11 11 16 17 21 31 17 Unit cost $ 2.80 3.30 3.80 4.05 4.80 5.00 5.20 5.60 - O a
AutoSave Off Document4 - Word O Search Jasmine Thompson File Home Insert Draw Design Layout References Mailings Review View Help X Cut A Share D Comments Calibri (Body) 12 - A A Aav A EEE EE A T O Find Copy AaBbCcDd AaBbCcDd AaBbC AABBCCD AaB AaBbCcD AaBbCcDd AaBbCcDd Paste BIU ab x, x A 2v Av 三、 v S Format Painter 1 Normal I No Spac. Heading 1 Heading 2 Replace Title Subtitle Subtle Em... Emphasis Dictate Editor Clipboard A Select v Font Paragraph Styles Editing Voice 1 Editor 1 4 1. 16. Assume a beginning inventory of $28,000, ending inventory of $47,000, purchases of $110,000, and purchase returns of 15,000. If the gross margin percent is 60%, how much is net sales revenue? a. $190,000 b. $151,667 c. $425,000 d. $126,667 e. $227,500 е. B English (United States) DFocus 220% Page 5 of 7 1116 words ENG 8:40 PM P Type here to search 1/20/2021 US BANG &O UFSEN home 96 "3 目 00
AutoSave Normal 因 Document1 - Word Search badiya aldujaili ff ВА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 ) Peter Company manufactures a product in three processes: Cutting, Assembly, and Packaging. In the Packaging Department, materials are added at the end of the process. The following data are given for the Packaging Department: Units in beginning work in process, September 1 (40% complete) 3,000 Units started and completed during September 8,000 Units in ending work in process, September 30 (30% complete) 1,500 Peter's equivalent whole units for materials in September using weighted average method would be: a. 10,250 b.…
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AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
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