Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased 75 units @ $12.ee = $ 25e units @ $13.ee = 5ee units @$14.e0 see 3,25e 7,00e Units available for sale 825 units Cost of goods available for sale $ 11,150 Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit: Jan. 10 70 units Mar. 15 180 units Oct. 5 450 units Totals 700 units Required: The business uses a perpetual inventory system. 1. Determine the costs that should be assigned to the ending Inventory and to goods sold under the following methods. (Do not round Intermedlate calculations. Round your final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold FIFO b. Moving weiighted average

Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased 75 units @ $12.ee = $ 25e units @ $13.ee = 5ee units @$14.e0 see 3,25e 7,00e Units available for sale 825 units Cost of goods available for sale $ 11,150 Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit: Jan. 10 70 units Mar. 15 180 units Oct. 5 450 units Totals 700 units Required: The business uses a perpetual inventory system. 1. Determine the costs that should be assigned to the ending Inventory and to goods sold under the following methods. (Do not round Intermedlate calculations. Round your final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold FIFO b. Moving weiighted average

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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V:00 O %OTO O a 4 ull Asiacell 2_53303922564... -> Use the following data to prepare card store by using Fifo method, Lifo method and av. cost : 1-1/6 The balance ( 30 ) unit in price ( 1000 )D. To unit . 2-2/7 Purchase ( 50 )unit in price (1100 )D. To unit . 3-7/8 Expend ( 40 Junit to the production . ( 35 Jun price ( 1130 )D. To 5-14/9 Expend ( 35 )unit to the production. 6-17/10 Purchase ( 25 ) unit in price (1135 )D. to unit. 4-11/9
Knight Company owned 80% of the common stock of Stoop Company. Stoop had 50,000 shares of $5 par value common stock and 2,000 shares of preferred stock outstanding. Each preferred share received an annual per share dividend of $2 and is convertible into four shares of common stock. Knight did not own any of Stoop's preferred stock. Stoop also had 600 bonds outstanding, each of which is convertible into ten shares of common stock. Stoop's annual after-tax interest expense for the bonds was $2,000. Knight did not own any of Stoop's bonds. There are no excess amortizations or intra-entity transactions associated with this consolidation. Stoop reported net income of $300,000 for 2024. Knight has 100,000 shares of common stock outstanding and reported net income of $400,000 for 2024. What would Knight report as consolidated basic earnings per share? Note: Round your answer to two decimal places. Multiple Choice O $5.68 $6.37 O M Saved 12+ Sep 16 5:02
On October 15, Cross Eyeglasses had a balance of $4,390 in its Social Security tax payable account and $1,026.69 in its Medicare Tax Payable account. It posted credit entries of $4,390 to Social Security tax payable and $1,026.69 to Medicare tax payable on its October 31 pay date. If Cross Eyeglasses is a monthly schedule depositor, what entry should appear on November 15 for the remittance of the month's FICA taxes?
1:14 1 Back Chapter 3 Homework.xlsx ЕЗ.5 E3.6 ЕЗ.11 E3.23 P3.2Aa P3.2Ab P3.2Ac P3.2A (LO 2, 3, 4), AP The Skyline Motel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Skyline Motel Trial Balance 5/31/22 Account Debit Credit Cash S3,500 Supplies Prepaid Insurance 2,080 2,400 12,000 Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue 60,000 15,000 S40,000 I1,180 3,300 35,000 10,300 Advertising Expense Salaries and Wages Expense Utilities Expense 600 3,300 900 $99,780 $99,780 Other data: 1. Prepaid insurance is a l-year policy starting May 1, 2022. 2. A count of supplies shows $750 of unused supplies on May 31. 3. Annual depreciation is $3,000 on the buildings and S1,500 on equipment. 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and…
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May 2024 บ M Tu W Th F 8 29 30 1 2 3 5 6 7 8 9 10 12 13 15 14 16 17 19 20 21 22 23 24 26 27 28 29 30 31 Su June 2024 M Tu W Th F Seth 6-3 1-2 2.3 Brendyn 9-6 34 mod 194 v lifiv T T F 7479 139 ..... Saturday, May 11 Friday, May 24 Saturday, May 25 Sunday, May 26 Monday, May 27
N 75% 3G DI 12:51 transtutors Get Answers. Get Unstuck. Study Faster Enter the following transactions in the accounts of L. Linda: 2017 July 1 Started in business with £20,000 in the bank. 2 D. Rupert lent us £5,000 in cash. 3 Bought goods on time from B. Brown £1,530 and 1. Jess £4,162. 4 Sold goods for cash £1,910. 6 Took £200 of the cash and paid it into the bank. 8 Sold goods on time to H. Rise £1,530. 10 Sold goods on time to P. Taylor £341. 11 Bought goods on time from B. Brown £560. 12 H. Rise returned goods to us £65. 14 Sold goods on time to G. Pate £535 and R. Sim £262. 15 We returned goods to B. Brown £94. 17 Bought van on time from Aberdeen Cars Ltd £9,100. 18 Bought office furniture on time from J. Winter Ltd £1,800. 19 We returned goods to 1. Jess £130. 20 Bought goods for cash £770. 24 Goods sold for cash £110. 25 Paid money owing to B. Brown by cheque £1,924. 26 Goods returned to us by G. Pate £34. 27 Returned some of office furniture costing £180 to I. Winter Ltd. II
F16 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 Loan Amount 3 Annual Interest Rate 4 #times per year interest accrued 5 Periodic Rate 6 Term (years) 7 #payments per year 8 Number of payments 9 Balloon (balance after final payment) 10 Points paid at origination to get loan 11 12 32 33 34 35 36 37 38 39 40 DA Home Insert Cut Copy Format 41 42 Paste 43 44 ▾ Ready Sheet1 ✓ fx A Page Layout Calibri (Body) ▼ 11 BIU Sheet2 ▼ Formulas + B $1,000,000.00 7.66% 12 0.64% 30 12 360 Data A- A ▾ C Review View $0.00 AKA "Fully Amortizing" 1.50% t D 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 22 EE E Wrap Text + Merge & Center ▾ Balance in (t): B_(t) $1,000,000.00 F X Project Custom Interest in (t+1): (i/m)*B_t $6,383.33 % % > G +.0 .00 Payment in (t+1) $7,102.03 .00 ➡.0 Conditional Format Formatting as Table H Balance in (t+1): B_(t+1) $999,281.30 $0.00 I Cell Styles J H Insert X H Delete K Format Principal paid in (t+1)(=PMT-INT) 圓 Q Search…
00 X + Create 24 Find text or tools Q ℗ 4 Question 4 The following cash book receipts can be found in the books of Bushveld Traders for April 2024: X 2024 Al Assistant (Marks:15) Doc No Day e DR510 1 Jock Bush Α B/S 04 8 00 Jedi Dealers Internet sales A Details Fol. Analysis of Receipts (R) Bank (R) Debtors Control (R) Output VAT (R) Sales Sundries (R) Amount Fol. Details 82 080 00 82 080 00 82 080 00 Capital 75 753 00 9 880 83 65 872 17 B C B/S 04 15 Blah Bank: Interest 906 30 on deposit D E FL G DS327 21 Stuart Smith cash 17 907 12 17 907 12 sales H DS328 24 Commercial 8 406 36 8 406 36 B/S 04 DS329 27 DR511 30 26 Tenant: Bill Tong Norma Edwards J K L 6 947 35 6.947 35 B Belton cash sales 84 303 00 84 303 00 10 996 04 73 306 96 Steve Brown ? M N 352 431 01 O 154 750 54 ? Abbreviations in the Document Number column: DR, B/S, and DS, indicate Duplicate Receipts, Bank Statement and Duplicate Cash Slips respectively. Required: ments Fill in the missing amounts/details for the letters A…
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rison 2 O Microsoft Office Home O ch01 Cost Concepts Garrison 21 M (no subject) - s127095@student attempt=1764895&cmid%3875183&page=4 SQU E- خدمات التعلم الإلكتروتي - SQU PORTAL ATTENDANCE - elalles الوقت المتيقي 56:/1:4 OMR 252,000 bO OMR 258,000 cO OMR 257,000 dO OMR 247,000 e O :XYZ Company had the following information for the year 110,000 OMR Direct materials used 150.000 OMR Direct labor incurred (4,000 hours) 166,000 OMR Actual manufacturing overhead incurred The Company used a predetermined overhead rate of OMR 30 per direct labor hour for the year. Assume the only inventory balance is Pan ending Work in Process Inventory balance of OMR 17,000. What was cost of goods manufactured OMR 393,000 .a O OMR 363,000.b O OMR 383,000 .c O None of the given answer is correct d O OMR 418,000 .e O الصفحة التالية