ACC 291T Wk 2 - Practice: Connect Knowledge Check (2021 New) | eBooks | Education

ACC 291T Wk 2 - Practice: Connect Knowledge Check (2021 New)

ACC 291T Wk 2 - Practice: Connect Knowledge Check (2021 New) PLDZ-14605 Free
In Stock
$ 0.00 USD
Free Download! Description

Click Here To Download Your Files :

https://www.hwtutorial.com/category/acc-291/

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

You can buy more tutorials from the below link

https://www.hwtutorial.com/

ACC 291T Wk 2 - Practice: Connect Knowledge Check (2021 New)

Required information

 [The following information applies to the questions displayed below.]    Hemming Co. reported the following current-year purchases and sales for its only product.     

Date

Activities

Units Acquired at Cost

Units Sold at Retail

 

 

1

 

Beginning inventory

 

240

units

@ $11.60

=

$

2,784

 

 

 

 

 

 

 

10

 

Sales

 

 

 

 

 

 

 

 

180

units

@ $41.60

 

 

 

14

 

Purchase

 

370

units

@ $16.60

=

 

6,142

 

 

 

 

 

 

 

15

 

Sales

 

 

 

 

 

 

 

 

330

units

@ $41.60

 

 

July

30

 

Purchase

 

440

units

@ $21.60

=

 

9,504

 

 

 

 

 

 

 

5

 

Sales

 

 

 

 

 

 

 

 

415

units

@ $41.60

 

 

 

26

 

Purchase

 

140

units

@ $26.60

=

 

3,724

 

 

 

 

 

 

 

 

 

Totals

 

1,190

units

 

 

$

22,154

 

925

units

 

 

Required: Hemming uses a perpetual inventory system.    1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. 3. Compute the gross margin for FIFO method and LIFO method.

 

Click Here To Download Your Files : https://www.hwtutorial.com/category/acc-291/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ You can buy more tutorials from the below link https://www.hwtutorial.com/ ACC 291T Wk 2 - Practice: Connect Knowledge Check (2021 Ne
Recent Reviews Write a Review
0 0 0 0 reviews