Question
Bramble Corp. just began business and made the following four inventory purchases in June: June 1 147...
Bramble Corp. just began business and made the following four inventory purchases in June:
| June 1 | 147 units | 1020 | ||
| June 10 | 196 units | 1530 | ||
| June 15 | 196 units | 1650 | ||
| June 28 | 147 units | 1290 | ||
| $5490 |
A physical count of merchandise inventory on June 30 reveals that
there are 210 units on hand. Using the average cost method, the
amount allocated to the ending inventory on June 30 is
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
A company just began business and made the following four inventory purchases in June: June 1...
A company just began business and made the following four
inventory purchases in June: June 1 162 units $1070 June 10 216
units 1452 June 15 216 units 1480 June 28 162 units 1146 $5148 A
physical count of merchandise inventory on June 30 reveals that
there are 220 units on hand. Using the average-cost method, the
amount allocated to the ending inventory on June 30 is
A company just began business and made the following four inventory purchases in June: June 1...
A company just began business and made the following four
inventory purchases in June: June 1 177 units $1062 June 10 236
units 1888 June 15 236 units 2360 June 28 177 units 2124 $7434 A
physical count of merchandise inventory on June 30 reveals that
there are 236 units on hand. Using the average-cost method, the
amount allocated to the ending inventory on June 30 is $2832.
$2124. $1416. $1888.
Sheridan Company just began business and made the following four inventory purchases in June: June 1...
Sheridan Company just began business and made the following four
inventory purchases in June: June 1 126 units $870 June 10 168
units 1310 June 15 168 units 1410 June 28 126 units 1110 $4700 A
physical count of merchandise inventory on June 30 reveals that
there are 180 units on hand. Using the FIFO inventory method, the
amount allocated to ending inventory for June is
Kingbird, Inc. just began business and made the following four inventory purchases in June: June 1 171...
Kingbird, Inc. just began business and made the following four
inventory purchases in June:
June 1
171 units
$1190
June 10
228 units
1780
June 15
228 units
1920
June 28
171 units
1500
$6390
A physical count of merchandise inventory on June 30 reveals that
there are 240 units on hand. Using the FIFO inventory method, the
amount allocated to ending inventory for June is
A company just began business and made the following four inventory purchases in June: June 1...
A company just began business and made the following four
inventory purchases in June:
June 1 126 units $830
June 10 168 units 1128
June 15 168 units 1152
June 28 126 units 892
For a total amount of $4002
A physical count of merchandise inventory on June 30 reveals that
there are 170 units on hand. Using the average-cost method, the
amount allocated to the ending inventory on June 30 is
a. $1203.
b. $1157.
c. $1120.
d. $1141.
Apples Inc just began business and made the following four inventory purchases in June. June...
Apples Inc just began business and made the following four
inventory purchases in June.
June 1 135 units $890
June 10 180 units 1208
June 15 180 units 1232
June 28 135 units 956
A physical count of merchandise inventory on June 30 reveals
that there are 180 units on hand. Using the LIFO inventory method,
the value of the ending inventory on June 30 is:
Please provide step by step to the answer. Thank you!
A company just starting business made the following four inventory purchases in June: June 1 &
A company just starting business made the following four
inventory purchases in June:
June
1
150
units
$ 490
June
10
200
units
785
June
15
200
units
830
June
28
150
units
810
$2,915
A physical count of merchandise inventory on June 30 reveals
that there are 220 units on hand. Using the Periodic Inventory
System.
a. Using the LIFO inventory method, the value of the ending
inventory on June 30 is?
b. Using the Average Cost Inventory Method...
A company just starting business made the following four inventory purchases in June: Date Number of...
A company just starting business made the following four
inventory purchases in June:
Date
Number of units purchased
Total cost
June 1
160 units
$ 350
June 10
220 units
580
June 15
220 units
700
June 28
130 units
560
$2190
A physical count of merchandise inventory on June 30 reveals that
there are 200 units on hand. Using the average-cost method, the
amount allocated to the ending inventory on June 30 is
a) $600
b) $1204
c) $687...
1. Swifty Corporation uses a periodic inventory system. Details for the inventory account for the month...
1.
Swifty Corporation uses a periodic inventory system. Details for
the inventory account for the month of January 2017 are as
follows:
Units
Per unit price
Total
Balance, 1/1/2017
230
$ 4.00
$ 920
Purchase, 1/15/2017
110
.. 4.00
440
Purchase, 1/28/2017
110
.. 4.20
462
An end of the month (1/31/2017) inventory showed that 180 units
were on hand. How many units did the company sell during January
2017?
2.Oriole Company just began business and made the following four...
In its first month of operations, Bramble Corp. made three purchases of merchandise in the following...
In its first month of operations, Bramble Corp. made three
purchases of merchandise in the following sequence:
(1) 240 units at $ 4, (2) 340 units at $ 6,
and (3) 440 units at $ 7. Assuming there
are 140 units on hand at the end of the period, compute
the cost of the ending inventory under (a) the FIFO method and (b)
the LIFO method. Bramble Corp. uses a periodic inventory
system.
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 21 minutes ago
asked 24 minutes ago
asked 44 minutes ago
asked 49 minutes ago
asked 59 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago