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Chapter_7_B_Problem_Solutions

# Chapter_7_B_Problem_Solutions - Prob 71B 1 Purchases Unit...

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Prob. 7–1B 1. Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Mar. 1 132 1,500 198,000 8 108 2,000 216,000 132 108 1,500 2,000 198,000 216,000 11 72 1,500 108,000 60 108 1,500 2,000 90,000 216,000 22 60 6 1,500 2,000 90,000 12,000 102 2,000 204,000 Apr. 3 96 2,300 220,800 102 96 2,000 2,300 204,000 220,800 10 60 2,000 120,000 42 96 2,000 2,300 84,000 220,800 21 30 2,000 60,000 12 96 2,000 2,300 24,000 220,800 30 120 2,350 282,000 12 96 120 2,000 2,300 2,350 24,000 220,800 282,000 Continued

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Prob. 7–1B Concluded Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost May 5 12 96 12 2,000 2,300 2,350 24,000 220,800 28,200 108 2,350 253,800 13 72 2,350 169,200 36 2,350 84,600 21 180 2,400 432,000 36 180 2,350 2,400 84,600 432,000 28 36 54 2,350 2,400 84,600 129,600 126 2,400 302,400 31 Balances 1,046,400 302,400 2. Accounts Receivable. ....................................................... 2,606,400 Sales. ............................................................................ 2,606,400 Cost of Merchandise Sold. ............................................... 1,046,400 Merchandise Inventory. .............................................. 1,046,400 3. \$1,560,000 (\$2,606,400 – \$1,046,400) 4. \$302,400 (126 units × \$2,400)
Prob. 7–2B 1. Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Mar. 1 132 1,500 198,000

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Chapter_7_B_Problem_Solutions - Prob 71B 1 Purchases Unit...

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