Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information relates to cranes kitche

The following information relates to Cranes Kitchen Ltd.s inventory transactions during the month of March....

80.2K

Verified Solution

Question

Accounting

The following information relates to Cranes Kitchen Ltd.s inventory transactions during the month of March.
March 1)
Beginning inventory
Units: 10,200
Cost/Unit: $18
Amount: $183,600
7) Sale
Units: 6,800
Cost/Unit: blank
Amount: blank
12) Purchase
Units: 4,250
Cost/Unit: $20
Amount: $85,000
16) Purchase
Units: 1,360
Cost/Unit: $20
Amount: $27,200
18) Sale
Units: $4,250
Cost/Unit: blank
Amount: blank
27) Purchase
Units: $6,800
Cost/Unit: $23
Amount: $156,400
March 29) Sale
Units: $5,950
Cost/Unit: blank
Amount: blank
All of the goods were priced at $65 per unit.
Question 2:
Sheridan Kitchen Ltd. Uses the periodic inventory system.
Calculate Sheridan Kitchens cost of goods sold, gross margin, and ending inventory for the month of March using weighted average. (Round calculations for cost per unit to 2 decimal places, e.g., 10.52 and final answers to 0 decimal places, e.g., 61,052.)
a) Costs of goods sold:
b) Gross margin:
c) Ending Inventory:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What effect does all three of the following variables have on yeast fermentation? a) temperature b) food scarcity c)...

Biology
Q

write the complete balanced molecular, complete ionic and net ionic equation for the following: (All starting solutions...

Chemistry
Q

A researcher is interested in whether the variation in the size of human beings is proportional...

Basic Math
Q

1. How do you define a project? Would you like to be a project manager? Why?

General Management
Q

Answer the following prompt in a three sentence paragraph Which faction was the best when...

Biology
Q

Determine whether this table represents a probability distribution P x x 0 4 3 4...

Basic Math
Q

Some people believe that different octane gasoline result in different miles per gallon in a...

Statistics
Q

Flowton enjoys a steady demand for stainless steel infiltrators used in a number of chemical...

Accounting
Q

Find the correct filing status. John and Mary have been married 12 months Mary and...

Accounting
Q

HW12: Problem 12 Previous Problem List Next (1 point) A $1000 par value 7% bond...

Accounting
Q

Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow....

Accounting
Q

Chang Industries tiene 1700 unidades defectuosas de producto cuya produccin ya ha costado $13,70 cada...

Accounting