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 198 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
Wow, this really help

kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Supermassive Black Holes as Engines for Galactic Activity Supermassive Black Holes as Engines for Galactic Activity
Monitoring Volcanic Activity Monitoring Volcanic Activity
Wheel-Running Activity of a Rat Wheel-Running Activity of a Rat
The excitatory and inhibitory signals that directly influence the activity of a motor neuron. The excitatory and inhibitory signals that directly influence the activity of a motor neuron.
Horizontal, sagittal, and coronal functional MRIs show areas of increased activity in the primary ... Horizontal, sagittal, and coronal functional MRIs show areas of increased activity in the primary ...
Control of glycogen phosphorylase activity Control of glycogen phosphorylase activity
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library