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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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…
Sanfillipo, Incorporated, had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of inventory during the month of March were as follows: Date March 8 March 15 March 22 March 27 Purchases 400 units @ $22 each 400 units @ $24 each Sales 600 units 400 units Sanfillipo uses the periodic inventory system. According to a physical count, 600 units were on hand at the end of March. The cost of goods sold for March applying the FIFO method is:
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
12:52 S ㅁ expert.chegg.com/qna/au Chegg Hide student question Student question LTE Skip Exit + 32 5G Classify the following balance sheet items under fixed assets, working capital, shareholders' equity, or net debt: overdraft, retained earnings, brands, taxes payable, finished goods inventories, bonds. Time Left: 01:59:57 Submit ||| 8 Training
4G llll 4:33 XB/S 4GI 4 73 0.40 E ACCC - Disimpan 1, PREPARE THE TRIAL BALANCE ACCOUNTT TITLE Balance account payable 60,000 Account receivable 65000 Bank 40,000 Сapital 170,000 Cash 2,000 Comission paid 4300 Comission received 1,500 Discount Allowed 2300 Discount Received 3,500 Donations 500 Drawings 500 Fixture and Fittings 35000 Freight inwards 1000 Freight outward 1400 General Expenses 2300 Insurance premium 3600 Interest received on investment 5,000 Land and building 80000 Loan from Mbb 67500 opening inventory 1 JAN 2019 26000 Patent 50000 Printing and stationery 700 Purchases 65000 Rates and taxes 3200 Rental paid 4000 Rental revenue 3,000 Return inwards 1500 Returns Outwars 1,800 Sales 88,000 Wages and salaries 12000 * CLOSING INVENTORY 31 DECEMBER 2019 7,000
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ent II - Chapter 5 Saved Help Save & E 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 15.6178 10.63496 16.0863 10.95400 17.0863 11.29607 18.5989 11.93794 17.5989 11.63496 19.1569 12.29607 20.1569 12.56110 20.7616 12.93794 Monica wants to sell her share of an investment to Barney for $140,000 in 4 years. If money is wOrth 6% compounded semiannually, what would Monica accept today? Multiple Choice 110,517 $ 109.263 ( Prev 7 of 15 Next>