Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 5 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Aug 2017 My Price 5.00

ski shop

The ski shop began February with an inventory of 50 ski vests that cost a total of $1500, with each costiong $30. The store purchased and sold merchandise on account as follows. Purchase1- 60vests @$35 Sale1- 100vests @$60 Purchase2- 80vests @$40 Sale2- 70vests @$70 Assume that ski shop uses the FIFO cost method. Cash payments on account totaled $5,100. Operation expense were $2,400; the store paid two-thirds in cash and recorded the rest as accounts payble. Requirements. 1. prepare a perpetual inventory record, at FIFO cost, for this merchandise. 2. Make journal entries to record the store's transactions. Please answer the question on the attach file. Thank you

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Maurice Tutor
(5)
Status NEW Posted 23 Aug 2017 10:08 AM My Price 5.00

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