Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Exercise 6-13 Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiast...

Exercise 6-13 Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Delmott Accs purchases of Xpert snowboards during September During the

Exercise 6-13

Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to DelmottAc€?cs purchases of Xpert snowboards during September. During the same month, 102 Xpert snowboards were sold.

Date

 

Explanation

 

Units

 

Unit Cost

 

Total Cost

Sept. 1   Inventory  

12

 

$100

 

$1,200

Sept. 12   Purchases  

45

 

103

 

4,635

Sept. 19   Purchases  

50

 

104

 

5,200

Sept. 26   Purchases  

20

 

105

 

2,100

    Totals  

127

     

$13,135



Additional data regarding the companyAc€?cs sales of Xpert snowboards are provided below. Assume that Delmott uses a perpetual inventory system.

Date

     

Units

Sept. 5   Sale  

8

Sept. 16   Sale  

48

Sept. 29   Sale  

46

       Totals  

102

 
Incorrect answer. Your answer is incorrect. Try again.
   
Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.)

September 1

  $Entry field with incorrect answer now contains modified data

September 5

  $Entry field with incorrect answer

September 12

  $Entry field with incorrect answer

September 16

  $Entry field with incorrect answer

September 19

  $Entry field with incorrect answer

September 26

  $Entry field with incorrect answer

September 29

  $Entry field with incorrect answer
 
Incorrect answer. Your answer is incorrect. Try again.
   
Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to 0 decimal places, e.g. 125.)
The ending inventory using the FIFO   $Entry field with incorrect answer
The ending inventory using the LIFO   $Entry field with incorrect answer
The ending inventory using moving-average   $Entry field with incorrect answer

Jun 19 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions