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

Problem 5 3a perpetual alternative cost flows lo p1

22/11/2021 Client: muhammad11 Deadline: 2 Day

Problem 5-3A Perpetual: Alternative Cost Flows LO P1

Problem 5-3A Perpetual: Alternative cost flows LO P1

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2015 purchases and sales transactions.

Date Activities Units Acquired at Cost Units Sold at Retail
Jan. 1 Beginning inventory 600 units @ $ 35 per unit
Feb. 10 Purchase 300 units @ $ 32 per unit
Mar. 13 Purchase 150 units @ $ 20 per unit
Mar. 15 Sales 725 units @ $ 80 per unit
Aug. 21 Purchase 190 units @ $ 40 per unit
Sept. 5 Purchase 540 units @ $ 37 per unit
Sept. 10 Sales 730 units @ $ 80 per unit



Totals 1,780 units 1,455 units




Required:
1.

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




2. Compute the number of units in ending inventory.


3.

Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification units sold consist of 600 units from beginning inventory, 200 from the February 10 purchase, 150 from the March 13 purchase, 140 from the August 21 purchase, and 365 from the September 5 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. (Round your average cost per unit to 2 decimal places.)


References
eBook & Resources
WorksheetDifficulty: 3 Hard
Problem 5-3A Perpetual: Alternative cost flows LO P1Learning Objective: 05-P1 Compute inventory in a perpetual system using the methods of specific identification, FIFO, LIFO, and weighted average.
Check my work

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:

Engineering Guru
Top Class Engineers
Homework Tutor
Premium Solutions
Math Exam Success
Smart Homework Helper
Writer Writer Name Offer Chat
Engineering Guru

ONLINE

Engineering Guru

As per my knowledge I can assist you in writing a perfect Planning, Marketing Research, Business Pitches, Business Proposals, Business Feasibility Reports and Content within your given deadline and budget.

$39 Chat With Writer
Top Class Engineers

ONLINE

Top Class Engineers

This project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices.

$26 Chat With Writer
Homework Tutor

ONLINE

Homework Tutor

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$17 Chat With Writer
Premium Solutions

ONLINE

Premium Solutions

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$40 Chat With Writer
Math Exam Success

ONLINE

Math Exam Success

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$15 Chat With Writer
Smart Homework Helper

ONLINE

Smart Homework Helper

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$31 Chat With Writer

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

Similar Homework Questions

Rmit advertising course structure - What type of account unearned revenue - Simcon by inside out forensics - Cognitive walkthrough pros and cons - Case study assignment - POWER POINT - Discussion question - Psychology homework help - Fiji water case study summary - Matlab root locus angle of departure - Gt2 belt max load - Dd form 1351 2 reimbursable expenses - Security strategies in windows platforms and applications second edition - Oxy cutting tip chart - Where do the microtubules of the spindle originate - An introduction to management science 14th edition solutions - Northouse leadership 8th edition apa citation - Eucerin wool alcohols ointment anhydrous - My johari window essay - Usmc fire plan sketch - Ventilated discharge branch system - Case study 1 transforming the organization - City electric supply credit application - Powerdown shock cross reference - Sociology Help - Association of massage therapy - How do elizabeth and darcy change throughout the novel - Capital budgeting excel assignment - Paper - Latrobe lms log in - Cloud computing - Bradfords builders merchants seaton - Discussion - Tafe sa diploma software development - Amazon vs walmart case study answers - Calcot manor salt scrub - Week 8 Proposal Development Assignment - Mt baw baw lodge - Summary 350words (use simple words) - Indicators that a chemical reaction has occurred - Reflection Instructions - Trader joe's case study harvard analysis - Markett com sams club - English - Jigsaw W6 - How to compare and contrast poems - 1452 s ellsworth rd mesa az 85209 - Assignment 1.2: A Changing World Final Paper - Flight reservation system project - An inspector calls documentary - Personhood chart materialism - Love maRRiaGE pRoblEm specialist In hydERAbAd +91 =9928097710 Top And Best Tantrik Aghori Baba - Company/business/organization that has become a threat to the environment - John hancock building structure - Characteristics of living things reading comprehension - The four major enterprise applications are - Anatomy and physiology course outline - 4 pages needed due by 15 hours - Email - Inquiry cycle kath murdoch - Cazabe is a typical of the dominican republic - The sea of trolls sparknotes - Java assignment help - 1 dem to gbp - What is external growth strategy - How to find effort force of an inclined plane - Suppose that a monopolistically competitive restaurant - How to make a clay coil pot - How do i cite ana code of ethics in apa - Complete Discussion Boards and Individual Project. - 125 degrees celcius to farenheit - My last duchess poetry foundation - Access control assignment 7 - Roland's overhead doors reports the following financial information - Information security - Security Strategies - The ipremier company a denial of service attack - Boiling point of non metals - Intermediate accounting chapter 23 statement of cash flows solutions - Accounting discussion - Lime water carbon dioxide equation - School of music cover sheet - Picot statement paper nrs 490 - HR Strategies Assignment - Rat digestive system diagram - 5.3 Online Research Discussion - Proxima centauri distance in miles - Rip van winkle allegory - Wiseman's framework of strategy development - Mgb autumn leaf interior - Ce cet cette ces - Address and postcode nz - Windowbuilder netbeans - Planned road closures lincolnshire - KPIs - Psy - Good night and good luck analysis essay - James lull media communication culture - Elements of design colour - Henry county community foundation - Life and teachings of mahavira pdf - Sanatansociety org hindu_gods_and_goddesses