This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Given the following inventory activity, what is ending inventory using the perpetual FIFO costing ... (Read 139 times)

fagboi

  • Hero Member
  • *****
  • Posts: 535
on: Feb 18, 2020
Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

Date​QuantityUnit Cost
Beginning Balance​130​$5.50​
September 17Purchase45​$3.00​
September 24Sale80​​
September 29Purchases30​$4.00​

◦ 115 units @ $5.50 and 10 units @ $3.00
◦ 125 units at $4.17
◦ 50 units @ $5.50 and 45 units @ $3.00 and 30 units @ $4.00
◦ 120 units @ $5.50 and 5 units @ $4.00
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fagboi on Feb 18, 2020

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


fagboi

  • Member
  • Posts: 535
Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Thyroid conditions may make getting pregnant impossible.

The pH-activity profiles of two enzymes The pH-activity profiles of two enzymes
Supermassive Black Holes as Engines for Galactic Activity Supermassive Black Holes as Engines for Galactic Activity
Activity of a Hippocampal Place Cell Activity of a Hippocampal Place Cell
Moderate to high physical activity in PE classes is one component of a successful prevention effort ... Moderate to high physical activity in PE classes is one component of a successful prevention effort ...
The cortex, hypothalamus, amygdala, and ventral striatum: their putative roles in sexual activity. ... The cortex, hypothalamus, amygdala, and ventral striatum: their putative roles in sexual activity. ...
Summary of Cytokine Activity Summary of Cytokine Activity
Video: Rods and Cones Animation

For a complete list of videos, visit our video library