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Debora [2.8K]
3 years ago
5

Splish Brothers Inc. uses a perpetual inventory system. Data for product E2-D2 include the following purchases.

Business
1 answer:
harkovskaia [24]3 years ago
8 0

Answer:

Splish Brothers Inc.

Perpetual Inventory Schedule using moving average costs:

Date       Description   Number   Average Cost  Total Cost          Cost

                                     of Units                                                   Balance

May 7         Purchase       105               $7                $735            $735

June 1        Sales              (55)              $7                  385              350

July 28       Purchase         63             $18                1,134            1,484

August 27  Sales              (84)            $13.1327        1,103               381

Explanation:

a) Data and Calculations:

Date                          Number of Units   Unit Price    Total Costs

May 7         Purchase           105                $7                $735

June 1        Sales                  (55)               $7                  385

July 28       Purchase            63              $18                 1,134

August 27  Sales                 (84)             $13.1327        1,103

Cost of goods sold = $1,488 ($385 + $1,103)

Ending inventory =       $381

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Rubin Enterprises had the following sales-related transactions on a recent day:
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Answer:

Transaction a

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Credit : Sales Revenue $27,500

Transaction b

Debit  : Cash $5,875

Credit : Deferred Revenue $5,875

Transaction c

Debit  : Sales Revenue $1,500

Credit : Account Receivable $1,500

Transaction d

Debit  : Deferred Revenue $5,875

Credit : Sales Revenue $5,525

Credit : Discount received $350

Explanation:

The journals have been prepared above.

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3 years ago
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Answer:

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Explanation:

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3 years ago
Which type of reputation is affected by material a person posts to an online discussion forum that is accessed only by people in
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Answer:

professional and private

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3 years ago
Kyle is a strict boss. He is more concerned about the successful execution of tasks than the wellbeing of his employees. As a re
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Answer:

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Explanation:

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Explanation:

i hope that help

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