90.2K

Verified Solution

Link Copied!

help quick please!

Inventory Records Widget Tek Inc.'s original accountant accepted a position with a Inventory Date Quantity Unit Cost Total Cost Mar. 1 850 $98 $83,300 1,275 $95 $121,125 Mar. 8 650 $98 $63,700 Mar. 11 325 $98 $31,850 Mar. 14 325 $98 $31,850 780 $103 $80,340 Mar. 22 260 $98 $25,480 Mar. 25 260 $98 $25,480 1,900 $103 $195,700 Inventory Records Widt til en sorgen secountant accepted a position with the Found in any parth. We have been add to use the wholary betweet for det at man ut turut 1 Inventory Date Quantity in Cast Total Cost M1 650 90 183,300 1,275 $95 5121,125 Mat 650 190 160.700 Mar 11 225 $90 131.850 325 0 131.150 700 1100 10,30 260 125,450 M25 200 125,430 1.900 5100 $195,700 Study the mentory record for March and the questions that 1. Asuming at the products for $165 and that you of sales en centermine the gross profit from sales for March 2. Huling the same was in the ending very cost to March 3. Which inventory method is being used to Final questions In conversation with the resident of Widget To Inc. You have med at much of the completo contact alter Widok the models. These terms of for less than there to remode Button rower the new models. The company believe that the mother tory is less than in the wholdiary inventory Cancering all of the imation you have to ridotto in www the following 1. tutte con for the der investory the president of Widow whither the story showed a serunt method. Do you read why why because I will be the highest 2. W change in this time it fractal Y-FIOy yields higher income Study the inventory record for Match and answer the questions that follow 1. Assuming that the product sells for $165 and that 70% of sales are on account determine the gross profit from for March 2. Making the same assumptions as in (t), determine the ending inventory cool for March 3. Which inventory method is being used Final Questions In conversation with the president of widget Then, warned that much of the world Widok ne models the elder models sal for less than the newer Widget strongly for the newer models. The company believe that the methoder verlethan its value the day wentary edge. Considering all of the formation have a wide the fooning 1. To better account for the older Inventory, the identite in wonders whether inventore vind using water method to you and why or why not? You will provide the 2. Will change intory method is a company incomodal statements? Vesna stently led to me 1. When is inventory not valued at cost? La average used, welted average does not inventory cost

Answer & Explanation Solved by verified expert

See Answer