Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
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: 402 Weeks Ago, 3 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 7.00

Linda's Lampshades

(TCO4) Linda's Lampshades started business on Jan. 1, 2001. They had the following inventory transactions:

 

Journals - Jan. 2001

 

Purchases

 

Supplier Date Received Quantity Unit Cost Amount

 

Donna 01/10/01 110 12.00 1320.00

 

Thomas 01/15/01 160 14.00 2240.00

 

Cindy 01/18/01 150 15.00 2250.00

 

Sales

 

Customer Date shipped Quantity Sel. Price Amount

 

Norilene 01/16/01 200 25.00 5000.00

1. Calculate the ending inventory, using the perpetual inventory method:

A. Using FIFO

B. Using LIFO

 

 

C. Using Average Cost

 

 

2. Prepare the following statement

Using

 

FIFO LIFO Average Cost

 

Sales

 

Cost of Sales

Gross Profit

(Points : 25)

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 02:08 PM My Price 7.00

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