ACC 205 week 3 Assignment

Feb 3rd, 2012
Studypool Tutor
Ashford University
Price: \$10 USD

Tutor description

Word Count: 210
Showing Page: 1/5
Week 3 AssignmentACC 205E5-16SalesSale discountsNet salesCost of goods soldGross profit89,5001,56087,94060,200 (a)103,600 (b)99,220 ( c )34,02066,2002,000 (d)40,500 ( e) (f)2,980 (g)75,80036,720A. 87,940 - 60,200 = 27,740B. 103,600 - 99,220 = 4,380C. 99,220 - 34,020 = 65,200D. 66,200 - 40,500 = 64,200E. 64200 - 40,500 = 23,700F. Must solve (g) first, then (f) 2,980 +112,520 = 115,500G 75,800 + 36,720 = 112,520 E 6-23 FIFO LIFO AverageSales revenue (12 * 90)??. 1,080 1,080 1,080Cost of goods sold: FIFO (12 * 65)????. 780 Lifo (10*78+2*65)? 910 Average (12*70)????.. 840Gross profit?????? 300 170 240Total cost / total units = Average cost per unit16@ 65 = 1,040 1610 @ 78 = 780 10

Review from student

Studypool Student
" all I can say is wow very fast work, great work thanks "

1831 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors