Business, 15.07.2021 15:40 gwoodbyrne
LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows:
Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 54 $ 300 $ 16,200 8 Purchase 108 360 38,880 11 Sale 72 1,000 72,000 30 Sale 45 1,000 45,000 May 8 Purchase 90 400 36,000 10 Sale 54 1,000 54,000 19 Sale 27 1,000 27,000 28 Purchase 90 440 39,600 June 5 Sale 54 1,050 56,700 16 Sale 72 1,050 75,600 21 Purchase 162 480 77,760 28 Sale 81 1,050 85,050
Required:
Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4 , using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.
Answers: 1
Business, 22.06.2019 02:00
Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f
Answers: 1
Business, 22.06.2019 19:10
According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills
Answers: 3
Business, 23.06.2019 00:30
In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.
Answers: 2
Business, 23.06.2019 02:00
Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)
Answers: 3
LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a...
Mathematics, 18.09.2021 09:50
Mathematics, 18.09.2021 09:50
Computers and Technology, 18.09.2021 09:50
Mathematics, 18.09.2021 14:00
Mathematics, 18.09.2021 14:00
Computers and Technology, 18.09.2021 14:00
Chemistry, 18.09.2021 14:00
English, 18.09.2021 14:00
Physics, 18.09.2021 14:00
Mathematics, 18.09.2021 14:00
English, 18.09.2021 14:00