Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

A physical inventory of liverpool company taken at december 31 reveals the following.

13/11/2020 Client: papadok01 Deadline: 24 Hours

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.


Date

Activities

Units Acquired at Cost

Units Sold at Retail


Mar.

1


Beginning inventory


170

units

@ $52.40/unit



Mar.

5


Purchase


260

units

@ $57.40/unit



Mar.

9


Sales


330

units

@$87.40/unit


Mar.

18


Purchase


120

units

@ $62.40/unit



Mar.

25


Purchase


220

units

@$64.40/unit



Mar.

29


Sales


200

units

@$97.40/unit





Totals


770

units


530

units





1.

Required:

1.

Compute cost of goods available for sale and the number of units available for sale.


3.

Compute the cost assigned to ending inventory using(a)FIFO,(b)LIFO,(c)weighted average, and(d)specific identification. For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase.(Round your average cost per unit to 2 decimal places.)

4.

Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase.(Round your final answers to two decimal places.)

A physical inventory of Liverpool Company taken at December 31 reveals the following.


Per Unit


Item

Units

Cost

Market

Audio equipment


Receivers

349

$

104

$

94

CD players

264


125


115

MP3 players

330


100


90

Speakers

208


45


56

Video equipment


Handheld LCDs

484


129


154

VCRs

295


88


97

Camcorders

216


326


314

Car audio equipment


Satellite radios

189


88


74

CD/MP3 radios

174


109


101

2.

If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account.(If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Writer Writer Name Offer Chat

Writers are writing their proposals. Just wait here to get the offers for your project...

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Activities - New belgium brewing ethical and environmental responsibility case study - Newcastle university blackboard login - 3sin 2x cos 2x 0 - Conflict Resolution Research paper (LAW) - Who were troubadours what was their music like - Keys to success napoleon hill pdf - Most marine molluscs have distinctive larvae called - Tanx 1 cotx cotx 1 tanx - Phone case kiosk in mall - Ultimate slimy lab instructions pdf - Discussion 2 - Www homeschoolmath net worksheets measuring units worksheet - Servant Leadership Portfolio #3 - Characteristics of a care worker - Nasa acoustic test chamber - Business intelligence course syllabus pdf - Lobe finned fish alive today - Describe the organizational structure of abco corporation - Social transformation - How to calculate performance materiality in audit - Uts harvard referencing pdf - Hilberling pt 8000a for sale - Physics charges and fields phet lab - Differentiate creative writing and academic writing - One Page Response to book "Brave New World" - Nursing Theory 2.0 - Biotechnology lab report - Practice 12.3 box and whisker plots answers - Plot summary of freedom writers - Persuasion reception and responsibility 13th edition online - Example of article critique using apa format - Miracle of life sperm - Discussions and Assignmnt. - Jb hi fi inspection camera - Push pull and twist - A storage tank containing oil sg - Bat mitzvah and bar mitzvah difference - Salman asif siddiqui books - Goldilocks on trial script pdf - Pestle analysis of healthcare industry in usa - Literature class discussion --- due in 12 hours - Painting hero forge miniatures - Westjet case study - Toshiba accounting scandal article - Kenneth lay jail - Marketing simulation managing segments and customers - 45 rounded to the nearest 10 - Botulism in argentina case study answers - Intentional learner essay - Beats like a fatalistic drum - Eylf and veyldf differences - Girl in buick commercial with pigeons - What type of innovation is the milo sensor wristband - Nhs fire door time - Characteristics of an overcomer - Shadow health focused exam chest pain - Simon chang bathing suits costco - Atlas copco element outlet temperature high - Rep 1 - Hanks house of ill repute - Bluebeam isometric grid - Usyd sem 2 exam timetable - Introduction to the practice of statistics answers - Climbing stairs energy input and output - Epidemiology Paper - Psychology questions - Another word for drab - Division 7a loan calculator - Ct metering wiring diagram - Discussion post - Assingment - Room 13 robert swindells - How to calculate labour productivity per hour - Going global lessons from late movers - Taclane kg 175d operator manual - What are the major sources of error - Rehabilitation in schizophrenia ppt - Des Sonneries Gratuits pour Chaque Goût Téléchargez les Vôtres Sans Frais - American hospitality academy world campus - 2 short essay questions - 3-5 Pages Essay - British association of play therapists - Book of proverbs in samoan - Physics 101 lab manual answers - New class assignment 1 - Ethical and economic challenges related to policy decisions - Redcar and cleveland bus pass - Drug control week 1 Discussion - Redacted report mystery object wizards unite - Suppose a bakery reports this information - Macquarie primary dictionary big w - Rfpi joist hole chart - Week 5 Discussion - Persuasive speech on tanning beds - Virgil book 2 translation - Cisco snmp object navigator - Product of sums from k map - Perception checking situations - Question Paper w/Example -Mod 5