Entries by Munene david

This question was created from Given below are account balances for Charlie Company

May 6, 2020 in /by

This question was created from Given below are account balances for Charlie Company.docx https://www.coursehero.com/file/37964872/Given-below-are-account-balances-for-Charlie-Companydocx/  ATTACHMENT PREVIEW Download attachment 37964872-268174.jpeg EGSton Company had average inventory for the year of $ 640, 000 and an inventory turnover ratio of 1 1 . 2. What was the company’s Lays Outstanding in Inventory . ASSUME a 365 day year Round […]

 

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Easton Company uses the periodic inventory system and had the following inventory &amp

May 6, 2020 in /by

Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 100 $10 5/5 Purchase 225 $12 5/15 Purchase 220 $14 5/25 Purchase 225 $16 Sales were 580 units at $20.  Using the LIFO method, determine the dollar […]

 

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Easton Company uses the periodic inventory system and had the following

May 6, 2020 in /by

Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 120 $10 5/5 Purchase 210 $12 5/15 Purchase 330 $14 5/25 Purchase 310 $16 Sales were 440 units at $20.  Using the FIFO method, determine the dollar […]

 

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Baltimore Company uses aging to estimate uncollectibles

May 6, 2020 in /by

Baltimore Company uses aging to estimate uncollectibles.  At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance that consists of: Dollar Value Age of Account Estimated Collectible $110,000 < 30 days old 98% 70,000 30 to 60 days old 92% 25,000 61 to 120 days old 70% 13,000 > 120 days old […]

 

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