Coffee Maker Systems
I need help with a perpetual inventory system?
Rainey Company sells coffee machines in business offices. Its initial inventory of manufacturers coffee was 200 units at $ 25 per unit. During the year, Rainey made two purchases in lots of coffee makers. The first was a purchase of 300 units at $ 30 per unit, and the second was a purchase of 250 units at $ 35 per unit. During the period, Rainey coffee sold 700 machines. a) Determine the amount of costs products. b) to allocate costs to cost of product sales and ending inventory, assuming that Rainey uses (Ronda Cost per unit to two decimal places. Round your final answer to the nearest dollar amount. (A) Cost of goods sold FIFO $…? Ending inventory $…? (B) Cost of goods sold LIFO $…? The final inventory $…? (C) Weighted average cost of goods sold $….? The final inventory $….?
initial inventory of 200 units at $ 25, buy $ 5,000 first 300 units at $ 30, $ 9,000 the second purchase of 250 units at $ 35, $ 8,750 Total: 750 units of $ 22,750, average cost $ 30.3333, rounded to $ 30.33 sold: 700 units End: 50 units FIFO Ending Inventory: 50 units @ $ 35 = $ 1.750 Cost of Sales = $ 22,750 – $ 1,750 = $ 21,000 LIFO inventory to 50 units @ $ 25 = $ 1,250 Cost of Sales = $ 22,750 – $ 1,250 = 21,500 weighted average ending inventory: 50 units @ $ 30.33 = $ 1516.50, rounded to $ 1,517 Cost of sales = $ 22,750 to 1,517 dollars = $ 21,233 In addition, cost of sales = 700 units @ $ 30.33 = $ 21.231 (Diff. is due to rounding, but $ 21,233 is more accurate)
one cup coffee maker_0001.wmv
|
|
Keurig B60 Special Edition Gourmet Single-Cup Home-Brewing System … |
|
|
Keurig My K-Cup Reusable Coffee Filter $14.95 K-Cup Adapter for B40 Elite, B50 Ultra, B60 Special Edition Keurig brewer / Allows you to use any gourmet ground coffee desired in your Keurig brewer… |
|
|
Keurig B40 Elite Brewing System $89.99 The Elite Brewing System is Keurig’s gourmet home brewing made affordable. The Elite Brewing System, the most affordably priced Keurig kitchen brewing system, offers K-Cup® coffee, tea and hot cocoa brewing as the elite choice to any drip coffee maker. The Elite offers two cup sizes for brewing options with the programmable feature of Auto Off. The 48-ounce removable water reservoir holds up to 6… |
|
|
GE GSWF Refrigerator Water Filter, 1-Pack $21.99 GE’s NSF-certified GSWF slim replacement refrigerator water filterâpart of the company’s SmartWater filtration seriesâprovides you and your loved ones cleaner, healthier, and better-tasting drinking water at home. By reducing contaminants like lead, sediment, cysts, cryptosporidium, turbidity, and giardia, as well as by decreasing the chlorine taste and odor in ice and water,… |
|
|
Belkin Conserve Socket with Energy-Saving Outlet $24.98 Conserve Smart AV Auto-Off Surge Protector. Now you can automatically turn off up to five entertainment system ponents when you turn off your TV and easily reduce standby power. The Master Outlet senses when your TV is on or off and controls power to five peripheral outlets for your AV ponents. Two outlets stay on for devices that need continuous power like DVRs. Control power to your whole entert… |
|
|
Belkin Conserve Insight Energy-Use Monitor $28.24 Find out how much energy your devices really use. The Belkin Conserve Insight Energy Monitor lets you to understand the impact of your energy use on your electric bill – and on the environment. See at a glance the cost of operation, watts, and the amount of carbon dioxide associated with the electricity consumed. Plug this device into a three-prong grounded wall outlet, plug your electrical produc… |
|
|
Keurig Charcoal Water Filter Cartrige Refill 6pc Set $24.99 This set of charcoal filter refills by Keurig improves the water quality and prolongs the life of your machine. The cartridges give you better tasting coffee by removing impurities from the water. The water filter cartridges are to be used with the Keurig water filter and comes in a pack of six, giving you a one year supply. For use exclusively with the following Keurig Single-Cup Brewing Systems … |
