January 1 beginning inventory 45 $37 $1665
WebTransaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 45 $ 37 $ 1,665 Apr. 7 Purchase 125 39 4,875 Jul.16 Purchase 8,190 Oct. 6 Purchase 43 4,515 … WebQuestion: During the year, TRC Corporation has the following inventory transactions. Date January 1 April 7 July 16 October 6 Transaction Beginning inventory Purchase Purchase Purchase Number of Units 44 124 194 104 466 Unit Cost $36 38 41 42 Total Cost $1,584 4,712 7,954 4,368 $ 18,618 For the entire year, the company sells 413 units of …
January 1 beginning inventory 45 $37 $1665
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WebStudy with Quizlet and memorize flashcards containing terms like The following data are for Upholstery Limited for January 2014: Beginning inventory $25,000 Net sales revenue 85,000 Net purchases 35,000 Normal gross margin rate 30% What is the company's estimated cost of goods sold for the month?, In applying the lower-of-cost-and-net … WebDuring the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost January 1 Beginning inventory 45 …
WebAll tutors are evaluated by Course Hero as an expert in their subject area. Answered by gargkg2210. 1. Specific identification: Ending inventory = $1,675. Cost of goods sold = $1,855. 2. Weighted average: Ending inventory = $1,665.33. WebIf ending inventory for Year 1 was reported at $130,500 but was understated by $15,500, the correct ending inventory figure for Year 1 was $146,000. That amount becomes the beginning inventory for Year 2. Add to that amount the $277,500 of cost of goods purchased in Year 2 and you get cost of goods available for sale of $423,500.
WebGet the monthly weather forecast for Indianapolis, IN, including daily high/low, historical averages, to help you plan ahead. WebJan. 1: Beginning Inventory: 600 units @ $40 per unit : Feb. 10: Purchase: 360 units @ $37 per unit: Mar. 13 : Purchase : 150 units @ $25 per unit: Mar. 15 : Sales: 765 units @ $80 per unit: Aug. 21: Purchase: 200 units @ $45 per unit: ... 600 units @ $45; Montoure Company uses a perpetual inventory system. It entered into the following ...
Web20 mar. 2015 · Jan. 1 Beginning inventory 600 units @ $ 40 /unit ... (360·$37) + (150·$25) + (200·$45) + (580·$42)] divided by 1890 units . The specific identification units sold means that you identify which units were sold from the inventory purchased on a given date. When you look at the units sold on March 15, you will need to identify units came from ...
WebJanuary 1 Beginning inventory 43 $35 $1,505 April; Question: During the year, TRC Corporation has the following inventory transactions. January 1 Beginning inventory … meat baby memeWebThe units of an item available for sale during the year were as follows: Jan. 1 Inventory 15 units at $47 $705 'July 7 Purchase 15 units at $50 750 Nov. 23 Purchase 15 units at $52 780 Available for sale 45 units $2,235 There are 22 units of the item in t meat baby foodWeb3 feb. 2024 · 2.Units ending inventory is computed by deducting available units for sale 1,800 by the units sold 1,400 equals 400 units. 3. Ending inventory is computed as follows: ... Jan 1. 600 × $ 45 = $ 27 000. 10 Feb . 400 × $ 42 = $ 16 800. Computing and completing the balance sheet gives the gross profit: Gross profit = $ 105 000 - $ 59 200 meat baby food for catsWebMontoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 700 units @ $50 per unit February 10 Purchase 300 units @ $46 per unit March 13 Purchase 100 units @ $40 per unit March … meat baby food pouchesWebAccounting questions and answers. During the year, TRC Corporation has the following inventory transactions. Unit Cost Number Total Cost of Units 51 131 201 Transaction … meat baby food recipesWebQuestion: Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Unit Cost $ 50 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 58 138 208 118 522 52 55 56 Total Cost $ 2,900 7,176 … peerless downpour plus shower headWebImage transcription text. During the year, TRC Corporation has the following inventory transactions. Number of Unit Total Date Transaction Units Cost Cost January 1 … peerless dry cleaners brisbane city