Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. inventory costing methods-periodic method the foll

Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the...

60.1K

Verified Solution

Question

Accounting

image
image
Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the company sells just one product Units Unit Beginning Inventory Jan. 1 200 5 Feb. 11 500$19 May 18 400 Oct 23 100 March 1 400 uly1 400 21 25 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out (b) last-in, first-out, and (c) weighted-average cost method. Do not round until your final answers. Round your final answers to the nearest dollar A First-in, First-out Ending inventory % Cost of goods sold B. Last-in, first-out Ending Inventory Cost of goods soid Weighted Average 20 86 Fa FS F8 F10

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Given the following information about your firm’s capital structure, calculate your firm’s WACC (assume the corporate...

Chemistry
1.2K views

Part A Aspirin (acetylsalicylic acid, C9H8O4) is a weak monoprotic acid. To determine its acid-dissociation constant, a...

Civil Engineering
1.2K views

Tabulate station elevations (stakeout at full stations) for an equal-tangent vertical curve for the following data...

Accounting
1.2K views

I wanna know what is different between fixed cost and variable cost what it change and...

Basic Math
1.2K views

For a total accumulated amount of $3687.52, a principal of $2000, and a time period...

Statistics
1.2K views

Question 2 of 7 2 Consider the small population 3 3 4 4 5 How...

Calculus
1.2K views

Evaluate the limit, if it exists. (If an answer does not exist, enter DNE.)lim x...

Algebra
1.2K views

sin(?) =-9/41 where 3?/2< ? < 2?.Use the given information about to find the exact...

Accounting
1.2K views

Question 2: Form of Business Kate Brown has operated her small repair shop...

Accounting
1.2K views

Q1. Omar Co. is an accounting firm that provide accounting consultancy services. The following transactions...

Accounting
1.2K views

Cullumber Appliance Co. manufactures low-price, no-frills appliances that are in great demand for rental units....

Accounting
1.2K views

I got $0 for questions 1,2 are NOT correct, can you help me correct and...