Webb8 feb. 2024 · NiCo begins operations in 20X4, makes all sales on account, uses the perpetual method and FIFO costing, and shows the following data: Sales Purchases 700 @ $ 7 400 @ $15 February 4 May 11 July 14 September 19 bu December 21 1,100 @ $ 8 3,000 @ $10 1,500 @ $18 On December 21, what entries does NiCo record? 27,000 … Webb31 dec. 2024 · a. $80,000 b. $79,900 e. $80,800 d. $78,700 NiCo begins operations in 20X4, makes all sales on account, uses the perpetual method and FIFO costing, and …
Solved MiCo opens for business in 20X3 and uses the periodic
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When WeCo begins operations in 20X4, it chooses the periodic …
Webb31 dec. 2024 · HuCo begins operations in 20X4, uses the periodic method and makes the following merchandise purchases: Total Units Unit Cost Total Cost April 900 $6 … Webb22 nov. 2024 · GeCo begins 20X4 with merchandise costing $69,000. Sales are $233,000, purchases are $198,000 and. ending inventory is $81,000. GeCo’s 20X4 cost of goods sold is. ... MoCo begins operations in April, uses the perpetual method, and records merchandise purchases at net. MoCo makes two purchases on account. Webb31 dec. 2024 · SiCo begins operations in 20X2 and uses the periodic method. Sico's December 31, 20X2 ending inventory consists of 400 units bought in January, 20X2 … bugs in people\u0027s ears