May 1 Beginning inventory 190 units @ $10. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 164 units @ $10 = $1,640 May 5 Purchase 234 units @ $12 See Answer. Transcribed image text: Salmone Company reported the following purchases and sales of its only product Salmone uses a perpetual inventory system. Skipped\table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[May 1,Beginning inventory,172 units @ $10=$1,720,],[May 5,Purchase,242 units @ $12=$2,904,],[May Question: Salmone Company reported the following purchases and sales for its only product. 00 Question: Salmone Company reported the following purchases and sales of its only product. 460 $2. Salmone uses a periodic inventorysystem. Determine the cost assigned to cost of goods sold using LIFO. There are 2 steps to solve this one. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 180 units @ $13. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 164 units @ $10 = $1,640 May 5 Purchase 234 Salmone Company reported the following purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 150 units @ $10 = $1,500 May 5 Purchase 220 units @ $12 = $2,640 May 10 Sales 140 Salmone Company reported the following purchases and sales for its only product. Determine the cost assigned to ending inventory using LIFO Date Activities Units Acquired at Cost Units Sold at Retail 200 units e $15 245 units @ $17 May 1 Beginning Inventory Purchase 10 Sales 165 units $25 15 Purchase 125 units e $18 24 Sales 115 units Accounting questions and answers. $18,800 d. 2,860. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 184 units @ $10 = $ 1,840 May 5 Purchase 254 units @ $12 Multiple Choice $6,820 $15. 05-161 (Algo) Salmone Company reported Salmone Company reported the following purchases and sales for its only product. 2,460. Units Sold at Retail Date May 1 5 Units Acquired at Cost 210 units @ $16 250 units @ $18 Activities Beginning Inventory Purchase Our expert help has broken down your problem into an easy-to-learn solution you can count on. 2. Units Sold at Retail Date May 1 5 10 15 Units Acquired at Cost 160 units @ $11 225 units @ $13 Activities Beginning Inventory Purchase Sales Purchase Sales 145 Step 1. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 150 units @ $10 = $1,500 May 5 Purchase 220 units @ $12 = $2,640 May 10 Sales Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units sold at Retail May 1 Beginning Inventory 250 units @ $10 5 Purchase 270 units e $12 10 Sales 190 units @ $20 15 Accounting questions and answers. Date May 1 May 5 May 10 May 15 May 24 O Beginning inventory. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 188 units @ $10 = $ 1,880 May 5 Purchase 258 Question: Salmone Company reported the following purchases and sales of its only product. $15,400 e. Multiple Choice$2,628$3,210$2,730$2,720$3,200 Salmone Company reported the following purchases and sales of its only product. \table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[May 1,Beginning inventory,174 units & $10=$1,740,],[May 5,Purchase,244 units e $12=$2,928,],[May Question: Salmone Company reported the following purchases and sales of its only product. Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Required at Cost Units Sold at Retail 290 units @ $14 290 units @ $16 210 See Answer. Units Sold at Retail Units Acquired at Cost 176 units @ $10 = $1,760 246 units @ $12 = $2,952 Date May 1 May 5 May 10 May 15 Salmone Company reported the following purchases and sales of its only product. Question: Salmone Company reported the following purchases and sales for its only product. \table[[Date,Activities,Units Acquired at cost,Units Sold at Retail],[May 1,Beginning inventory,152 units @ $10=$1,520,],[May 5,Purchase,222 units @ $12=$2,664,],[May Salmone Company reported the following purchases and sales for its only product. 830A company's inventory records indicate Salmone Company reported the following purchases and sales for its only product. $82,00 c. Salmone uses a perpetual Inventory system. 2,980. 740. \table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[May 1,Beginning inventory,150 units @ $10=$1,500,],[May 5,Purchase,220 units @ $12=$2,640,],[May Accounting questions and answers. The following information is available: Beginning inventory, January 1: $5000 Net sales: $79,000 Net purchases: $77,000 The company's gross margin ratio is 20%. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 158 units @ $10-$1,588 May 5 Purchase 228 units @ $12 = $2,736 May 10 Step 1. Accounting. There are 3 steps to solve this one. Determine the cost assigned to ending inventory using LIFC. Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 230 units @ $18. Determine the cost assigned to ending inventory using LIFO. Salmone uses a periodicinventory system. Multiple Choice$3,292$6,630$3,422$3,208$3,032. Date Activities Units Sold at Retail May 1 May 5 Beginning Inventory Purchase Units Acquired at Cost 154 units @ $10 = $1,540 224 units @ $12 Accounting questions and answers. Salmone Company reported the following purchases and sales of its only product Salmone uses a perpetual Inventory system Determine the cost assigned to cost of goods sold using FIFO. 17 Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 166 units @ $10 = $1,660 236 units @ $12 = $2,832 156 units @ $20 Salmone Company reported the following purchases and sales of its only product. Using the gross profit method, the estimated ending inventory value would be: Select one a. Salmone uses a perpetual nventory system. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 340 units @ $19 5 Purchase 315 units @. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 350 units @ $20 5 Purchase 320 units @. Question: 63Salmone Company reported the following purchases and sales of its only product. May 1 Beginning inventory 174 units @ $10 =. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 168 units @ $10 = $1,680 May 5 Purchase 238 units @ $12 Salmone Company reported the following purchases and sales for its only product Salmone uses a perpetual inventory system. Answers Answer #1 Ending Inventory = 310 + 300 – 220 + 180 – 170 = 400 units Cost assigned to ending inventory: 310 units x $ 16 = 4960 90 units x $ 18 = 1620 Total Cost for 310 + 90 = 400 units = 4960 + 1620 = $ 6,580 Correct Answer = Option ‘E’ $ …. Units Sold at Retail Date May 1 Units Acquired at Cost 150 units @ $10. Question: Salmone Company reported the following purchases and sales of its only product. Question: almone Company reported the following purchases and sales of its only product. Activities. Muitiple Choice 53. $15,800 Salmone Company reported the following . \table[[Date,Activities,Units Acquired at cost,Units Sold at Retail],[May 1,Beginning inventory,152 units @$10=$1,520,],[May 5,Purchase,222 units @$12=$2,664,],[May Salmone Company reported the following purchases and sales of Its only product. TB MC Qu. Units Sold at Retail Activities Beginning inventory Purchase Units Acquired at Cost 180 units @ $10 = $ 1,800 250 units @ $12 = $ 3,000 Date May 1 May 5 May 10 Salmone Company reported the following purchases and sales of its only product. almone Company reported the following purchases and sales of its only product. Expert-verified. $6,700$2,820$2,950$3,880$3,760 Here’s the best way to solve it. 00 Activities Beginning Inventory Purchase Sales Determine the cost assigned to the ending inventory using FIFO. 00 220 units @ $12. \table [ [Date,Activities,Units Acquired at Cost,Units Sold at Retail], [May 1,Beginning inventory,156 units @ $10=$1,560,], [May 5,Purchase,226 units Question: Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic inventory system Determine the cost assigned to cost of goods sold using FIFO. Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 182 units @ $10 = $1,820 May 5 Purchase 252 Question: Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 186 units @ $10 = $1,860 May 5 Purchase 256 units @ $12 See Answer. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 150 units @ $10. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 290 units @ $14 5 Purchase 290 units @ $16 Accounting questions and answers. Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 174 units Salmone Company reported the following purchases and sales of its only product Salmone uses a perpetual inventory system. Date Activities Units Acquired at cost Units Sold at Retail May 1 Beginning Inventory 170 units @ $12 5 Purchase 238 units @ $14 10 Salmone Company reported the following purchases and sales of its only product. Units Sold at Retail Date May 1 5 10 15 Units Acquired at Cost 160 units @ $11 225 units @ $13 Activities Beginning Inventory Purchase Sales Purchase Sales 145 Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 158 units @ $10 = $1,580 May 5 Purchase 228 units @ $12 May 1 Beginning. Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic inventory system. \table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[May 1,Beginning inventory,184 units @ $10 = $1,840,],[May 5,Purchase,254 units @ $12=$3,048,],[May See Answer. Salmone Company reported the following purchases and sales for its only product. See Answer. \table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[May 1,Beginning inventory,150 units @ $10=$1,500,],[May 5,Purchase,220 units @ $12=$2,640,],[May Question: Salmone Company reported the following purchases and sales of its only product. Date 1 points Units sold at Retail Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 170 units @ $10 = $1,700 240 Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 186 units @ $10 = $1,860 May 5 Purchase 256 units @ $12 Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 184 units @ $10 = $1,840 May 5 Purchase 254 units Salmone Company reported the following purchases and sales for its only product. 00. Salmone uses a perpetual inventory system. Date. Determine the cost assigned to cost of goods sold using LIFO 5 Units Sold at Retail Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 260 units @ $11 275 units @ $13 195 units $21 155 units @ $14 145 units @ $22 Question: Salmone Company reported the following purchases and sales of its only product. Show transcribed image text. Determine the cost assigned to cost of goods sold using LIFO Units Sold at Retail Bate May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 188 units $10-$ 1,880 258 units @ $12$ 3,096 178 units $20 138 units Salmone Company reported the following purchases and sales of its only product. 2,850. Date Activities Units Acquired at Cost Units sold at Retail May 1 Beginning inventory 190 units @ $10 - $1,900 Date Activities Units Acquired at Cost Units Sold at Retail May 1. Units Sold at Retail Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 310 units $16 300 units $18 220 Question: Salmone Company reported the following purchases and sales for its only product. May 1 Beginning Inventory 210 units @ $16. Determine the cost. Determine the costassigned to ending inventory using LIFO. Determine the cost assigned to cost of goods sold using FIFO. Salmone Company reported the following purchases Question: Salmone Company reported the following purchases and sales of its only product. \table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[May 1,Beginning inventory,156 units @ $10=$1,560,],[May 5,Purchase,226 units @ $12=$2,712,],[May Help Save & E Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 174 units @ $10 = $1,740 May 5 Purchase 244 units @ $12 = $2,928 May 10 Salmone Company reported the following purchases and sales of its only product. Beginning Inventory. Units Sold at Retail Units Aequired at Cost 350 units $20 320 units @ $22 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Our expert help has broken down your problem into an easy-to-learn solution you can count on. issigned to the ending inventary using FFO. Question: Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic inventory system, Determine the cost assigned to ending inventory using LIFO. Multiple Choice$2,910$3,650$2,900$3,660. $13,340. May 1 Beginning inventory 156 units @ $10 =. 980assigned to cost of goods sold using LIFO. Multiple Choice$3,220$4,220$2,700$3,980. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning Inventory 350 units @ $20 5 Purchase 320 units @ $22 10 Sales Accounting questions and answers. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 260 units @ $11 5 Purchase 275 units @ $13 10 Sales 195 units @ $21 15 Question: Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 156 units @ $10 = $1,560 May 5 Purchase 226 Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at Retail. $5,440 $2460 $2. Salmone uses a periodic inventory system. 20 Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 166 units @ $10 = $1,660 236 units @ $12 = $2,832 156 units Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 170 units @ $10 = $1,700 May 5 Purchase 240 units @ $12 Salmone Company reported the following purchases and sales of its only product. Determine the cost assigned to the ending Inventory using FIFO Date Activities Units Acquired at Cost Units sold at Retail May 1 Beginning Inventory 170 units$12 230 units$14 5 Purchase 10 Sales 15 Purchase 24 Sales 150 units@$22 110 units $15 100 units$23 Multiple Choice Question: Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 178 units @ $10 = $1,780 May 5 Purchase 248 units @ $12 = $2,976 May 10 Question: Salmone Company reported the following purchases and sales of its only product. Mutiple Choice $3370 $6,490 53,120Multiple Choice $3,370 $6,490 $3,120 $3,600 $3,250. Date Activities Units Acquired at Cost. Determine the cost assigned to the ending Inventory using FIFO. Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 156 units Question: Salmone Company reported the following purchases and sales of its only product. Determine the cost assigned to the ending Inventory using FIFO Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 162 units Expert-verified. Salmone uses a perpetualinventory system. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 162 units @ $10 = $1,620 May 5 Purchase 232 units @ $12 Step 1. $63,200 b. 2,590. Salmone uses a periodic inventory system Question: Salmone Company reported the following purchases and sales of its only product. Date Activities Units Acquired at Cost Units Sold at RetailMay 1 Beginning inventory 178 units @ $10 = $1,780 May 5 Purchase 248 Question: Salmone Company reported the following purchases and sales of its only product. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory340 units @ $19 5Purchase315 units @ $21 10Sales 235 units @. Muttiple Choice $3,220 54,220 $2. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning inventory164 units @ $10 = $1,640 May 5Purchase234 units @ $12 = $2,808 Question: Salmone Company reported the following purchases and sales of its only product. Units Sold at Retail. Exercise#1 Salmone Company reported the following purchases and sales of its only product Salmone uses a perpetual inventory system Determine the cost assigned to cost of goods sold using FIFO. Determine the costassigned to cost of goods sold using LIFO. Purchase Sales Multiple Choice Activities Purchase Sales $3,136 $2,944 $6,210 $3,266 May 5, 2024 · Question: Salmone Company reported the following purchases and sales for its only product. Determine the cost sssigned to ending inventory using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 210 units @ $16 5 Purchase 250 units @ $18 10 Sales 170 units @ $26 15 Salmone Company reported the following purchases and sales of its only product. Determine the cost assigned to the ending inventory using FIFO. \table [ [Date,Activities,Units Acquired at Cost,Units Sold at Retail], [May 1,Beginning inventory,150 units @ $10=$1,500,], [May 5,Purchase,220 Salmone Company reported the following purchases and sales of its only product. View the full answer. Determine the co assigned to cost of goods sold using FIFO. 590 $2. 00 5 Purchase 220 units @ $12. 960. $1R 400 Salmone Company reported the following purchases and sales of its only product. 00 10 Sales 140 units @ $20. May 1. 5 Purchase 250 units @ $18. Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 190 Step 1. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 178 units @ $10 = $1,780 May 5 Question: Salmone Company reported the following purchases and sales for its only product. Date Units Sold at Retail Units Acquired at Cost 150 units @ $10 = $1,500 220 units @ $12 = $2,640 May 1 May 5 May 10 May 15 Question: Salmone Company reported the following purchases and sales of its only product. There’s just one step to solve this. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 350 units @ $20 Salmone Company reported the following purchases and sales of its only product. Step 1. Date Units Sold at Retail Units Acquired at Cost 180 units @ $10 $1,800 250 units @ $12 $3,000 May 1 May 5 May 10 May 15 May 24 Activities Beginning Salmone Company reported the following purchases and sales for its only product. Units Acquired at Cost. Accounting questions and answers. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 200 units @ $15 5 Purchase 245. 700 52. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning inventory178 units @ $10 = $1,780 May 5Purchase248 units @ $12 = $2,976 May 10Sales 168 Salmone Company reported the following purchases and sales of its only product. Determine the cost assigned to cost of goods sold using FIFO Activities Date May 1 Beginning inventory May 5 May 10 Purchase Sales May 15 Purchase May 24 Sales Units Acquired at Cost 150 units@ $10 = $1,500 220 Salmone uses a perpetual inventory system. Date Activities. xq sl tk od dk fr ki jh ac he