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Name: Note that this was everything given for this particular item. Use the
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Description: Note that this was everything given for this particular item. Use the information below to figure out what the Cost of Goods Sold is for the order placed forFIFOLIFOand Weighted Average Cost (Average Cost)Inventory schedule for JMC LawncareFor the m

Business

Accounting

Use the information below to figure out what the Cost of Goods Sold is for the order placed for FIFO LIFO and Weighted Average Cost (Average Cost)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 3PA: Trini Company had the following transactions for the month. Calculate the cost of goods sold dollar...

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Note that this was everything given for this particular item. Use the information below to figure out what the Cost of Goods Sold is for the order placed for FIFO LIFO and Weighted Average Cost (Average Cost) · Date Explanation Units Unit Cost Total Cost 1/15/2021 Beginning Inventory 10 $7 $70 2/2/2021 Purchase 35 $8 280 2/28/2021 Purchase 56 $9 504 5/15/2021 Purchase 104 $10 1,040 9/30/2021 Purchase 220 $11 2,420 Sales - 5 units for $1,300 (5 * 300)
WHAT IS THE WEIGHTED-AVERAGE COST PER UNIT BASE OFF THE CHART?? You are provided with the following information for Concord Inc. for the month ended June 30, 2020. Concord uses the periodic method for inventory. Date Description Quantity Unit Cost orSelling Price June 1 BEGINNING INVENTORY 39 41 June 4 PURCHASE 139 46 June 10 SALE 111 68 June 11 SALE RETURN 14 68 June 18 PURCHASE 53 47 June 18 PURCHASE RETURN 9 47 June 25 SALE 68 73 June 28 PURCHASE 32 51
Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 30 units in ending inventory. (Do not round your intermediate calculation and round your final answers to the nearest cent.) Units purchased Cost per unit $6.80 Date Total cost January 1 April 1 48 $ 326.40 38 6.80 258.40 June 1 60 5.80 348.00 September 1 53 6.80 360.40 Total 199 $1,293.20 Cost of goods sold Ending inventory FIFO LIFO Average cost
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