Maurice Tutor

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Teaching Since: May 2017
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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 9.00

snowboard enthusiasts

Exercise 6-13

Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to DelmottAc€?cs purchases of Xpert snowboards during September. During the same month, 102 Xpert snowboards were sold.

Date

  

Explanation

  

Units

  

Unit Cost

  

Total Cost
Sept. 1   Inventory  

12

  

$100

  

$1,200
Sept. 12   Purchases  

45

  

103

  

4,635
Sept. 19   Purchases  

50

  

104

  

5,200
Sept. 26   Purchases  

20

  

105

  

2,100
    Totals  

127

      

$13,135


Additional data regarding the companyAc€?cs sales of Xpert snowboards are provided below. Assume that Delmott uses a perpetual inventory system.

Date

      

Units
Sept. 5   Sale  

8
Sept. 16   Sale  

48
Sept. 29   Sale  

46
       Totals  

102
 
Incorrect answer. Your answer is incorrect. Try again.
   
Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.)

September 1

   $Entry field with incorrect answer now contains modified data

September 5

   $Entry field with incorrect answer

September 12

   $Entry field with incorrect answer

September 16

   $Entry field with incorrect answer

September 19

   $Entry field with incorrect answer

September 26

   $Entry field with incorrect answer

September 29

   $Entry field with incorrect answer
 
Incorrect answer. Your answer is incorrect. Try again.
   
Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to 0 decimal places, e.g. 125.)
The ending inventory using the FIFO   $Entry field with incorrect answer
The ending inventory using the LIFO   $Entry field with incorrect answer
The ending inventory using moving-average   $Entry field with incorrect answer

 

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 03:08 PM My Price 9.00

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