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In: Accounting
Blue Spruce Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is...
Blue Spruce Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Blue Spruce Corp.’s purchases of EZslide snowboards during September. During the same month, 106 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $98 $1,078 Sept. 12 Purchases 49 101 4,949 Sept. 19 Purchases 47 102 4,794 Sept. 26 Purchases 20 103 2,060 Totals 127 $12,881 Additional data regarding the company’s sales of EZslide snowboards are provided below. Assume that Blue Spruce Corp. uses a perpetual inventory system. Date Units Sept. 5 Sale 7 Sept. 16 Sale 50 Sept. 29 Sale 49 Totals 106
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Blue Spruce Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information...
Blue Spruce Corp. sells a snowboard, EZslide, that is popular
with snowboard enthusiasts. Below is information relating to Blue
Spruce Corp.’s purchases of EZslide snowboards during September.
During the same month, 108 EZslide snowboards were sold. Blue
Spruce Corp. uses a periodic inventory system.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1
Inventory
11
$116
$ 1,276
Sept. 12
Purchases
48
119
5,712
Sept. 19
Purchases
60
120
7,200
Sept. 26
Purchases
21
121
2,541
Totals
140
$16,729
(a)...
Pearl Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating...
Pearl Corp. sells a snowboard, EZslide, that is popular with
snowboard enthusiasts. Below is information relating to Pearl
Corp.’s purchases of EZslide snowboards during September. During
the same month, 102 EZslide snowboards were sold. Pearl Corp. uses
a periodic inventory system.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1
Inventory
10
$107
$ 1,070
Sept. 12
Purchases
46
110
5,060
Sept. 19
Purchases
53
111
5,883
Sept. 26
Purchases
21
112
2,352
Totals
130
$14,365
(a) Compute the ending...
Sheffield Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating...
Sheffield Corp. sells a snowboard, EZslide, that is popular with
snowboard enthusiasts. Below is information relating to Sheffield
Corp.’s purchases of EZslide snowboards during September. During
the same month, 100 EZslide snowboards were sold. Sheffield Corp.
uses a periodic inventory system.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1
Inventory
10
$100
$ 1,000
Sept. 12
Purchases
45
103
4,635
Sept. 19
Purchases
50
104
5,200
Sept. 26
Purchases
20
105
2,100
Totals
125
$12,935
(a) Compute the ending...
Sheffield Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating...
Sheffield Corp. sells a snowboard, EZslide, that is popular with
snowboard enthusiasts. Below is information relating to Sheffield
Corp.’s purchases of EZslide snowboards during September. During
the same month, 101 EZslide snowboards were sold.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1
Inventory
10
$100
$1000
Sept. 12
Purchases
47
103
4841
Sept. 19
Purchases
49
104
5096
Sept. 26
Purchases
25
105
2625
Totals
131
$13562
Additional data regarding the company’s sales of EZslide snowboards
are provided below....
Pina Colada sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information...
Pina Colada sells a snowboard, EZslide, that is popular with
snowboard enthusiasts. The following is information relating to
Pina Colada’s purchases of EZslide snowboards during September.
During the same month, 99 EZslide snowboards were sold. Pina Colada
uses a periodic inventory system.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1
Inventory
11
$84
$ 924
Sept. 12
Purchases
46
87
4,002
Sept. 19
Purchases
50
88
4,400
Sept. 26
Purchases
18
89
1,602
Totals
125
$10,928
Compute the ending...
Pharoah sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating...
Pharoah sells a snowboard, EZslide, that is popular with
snowboard enthusiasts. The following is information relating to
Pharoah’s purchases of EZslide snowboards during September. During
the same month, 104 EZslide snowboards were sold. Pharoah uses a
periodic inventory system.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1
Inventory
13
$91
$ 1,183
Sept. 12
Purchases
47
94
4,418
Sept. 19
Purchases
52
95
4,940
Sept. 26
Purchases
19
96
1,824
Totals
131
$12,365
Compute the ending inventory at September...
Mather sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to...
Mather sells a snowboard, EZslide, that is popular with
snowboard enthusiasts. Below is information relating to Mather’s
purchases of EZslide snowboards during September. During the same
month, 102 EZslide 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 company’s sales of EZslide snowboards
are provided below. Assume that...
Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating...
Blossom Company sells a snowboard, EZslide, that is popular with
snowboard enthusiasts. Below is information relating to Blossom
Company’s purchases of EZslide snowboards during September. During
the same month, 104 EZslide snowboards were sold. Blossom Company
uses a periodic inventory system.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1
Inventory
13
$115
$ 1,495
Sept. 12
Purchases
48
118
5,664
Sept. 19
Purchases
56
119
6,664
Sept. 26
Purchases
23
120
2,760
Totals
140
$16,583
(a) Compute the ending...
Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating...
Blossom Company sells a snowboard, EZslide, that is popular with
snowboard enthusiasts. Below is information relating to Blossom
Company’s purchases of EZslide snowboards during September. During
the same month, 104 EZslide snowboards were sold. Blossom Company
uses a periodic inventory system. Date Explanation Units Unit Cost
Total Cost Sept. 1 Inventory 13 $104 $ 1,352 Sept. 12 Purchases 46
107 4,922 Sept. 19 Purchases 50 108 5,400 Sept. 26 Purchases 20 109
2,180 Totals 129 $13,854 (a) Compute the ending...
Splish Brothers Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information...
Splish Brothers Inc. sells a snowboard, EZslide, that is popular
with snowboard enthusiasts. Below is information relating to Splish
Brothers Inc.’s purchases of EZslide snowboards during September.
During the same month, 101 EZslide snowboards were sold.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1
Inventory
11
$106
$1,166
Sept. 12
Purchases
46
109
5,014
Sept. 19
Purchases
53
110
5,830
Sept. 26
Purchases
21
111
2,331
Totals
131
$14,341
Additional data regarding the company’s sales of EZslide snowboards
are...
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