+
ACCT 220 WEEK 4 PROBLEMS SOLUTIONS

ACCT 220 WEEK 4 PROBLEMS SOLUTIONS

Rating:
Rating
(0)
Author: Joyce Buda
Description:

http://theperfecthomework.com/acct-220-week-4-problems-solutions/

There are two problems this week.  Click on the tab at the bottom of the spreadsheet to see problem 2.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Compute the ending inventory using the FIFO and the weighted average method below.  Use the perpetual method for both.  These are the same transactions used in week 3 homework:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 units 
 price 
 
 
 
 
 
 
 
 
01.янв
Beginning inventory
 3 500
 $3,00
 
 
 
 
 
 
 
 
14.янв
Bought
 1 500
 $3,15
 
 
 
 
 
 
 
 
05.февр
Sold
 1 000
 
 
 
 
 
 
 
 
 
22.февр
Bought
 2 000
 $3,20
 
 
 
 
 
 
 
 
07.марта
Sold
 1 500
 
 
 
 
 
 
 
 
 
15.марта
Sold
 2 000
 
 
 
 
 
 
 
 
 
05.апр
Bought
 1 000
 $3,25
 
 
 
 
 
 
 
 
10.апр
Sold
 800
 
 
 
 
 
 
 
 
 
12.апр
Sold
 800
 
 
 
 
 
 
 
 
 
22.апр
Sold
 500
 
 
 
 
 
 
 
 
 
04.мая
Sold
 600
 
 
 
 
 
 
 
 
 
10.мая
Bought
 2 000
 $3,30
 
 
 
 
 
 
 
 
25.мая
Sold
 500
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FIFO method (scroll down for Weighted Average entry area)
 
 
 
 
 
 

 
 
 
 


(more)
See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

25 Sophia partners guarantee credit transfer.

221 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 20 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial