Attachment # 00000704 - comprehensiveproblem2-perpetualdata.docx
comprehensiveproblem2-perpetualdata.docx (28.34 KB)
Raw Preview of Attachment:
(refer to the detailed question and attachment below)
8/6 Ts purchased 200 long sleeve blue shirts on account from Frooty for $3 each. Terms FOB-SP 2/10, n30 Shipping costs = $408/8 Ts purchased 500 short sleeve blue shirts on account from Frooty for $2.50 each. Terms FOB-D 2/15, n30 Shipping costs = $508/10 Ts notified Frooty that 50 of the long sleeve shirts were purple. After negotiation, Frooty agreed to reduce the price of those shirts to $2 each. Ts agreed to keep the shirts.8/11 Ts purchased 400 long sleeve blue shirts on account from Frooty for $3.50 each. Terms FOB-D n/eom Shipping costs = $408/12 Ts sold 290 long sleeve blue shirts to RSkool on account for $8 each. Terms FOB-SP 1/10, n30 Shipping costs = $308/14 Ts paid for the purchase on the 6th.8/16 Ts sold 20 long sleeve purple shirts to RSkool on account for $5 each. Terms FOB-D 2/10, n/eom Shipping costs = $58/18 Ts paid for the short sleeve shirts8/20 Ts sold 380 short sleeve shirts to RSkool on account for $7 each. Terms FOB-SP n/eom Shipping costs = $388/21 Ts received payment from RSkool for the long sleeve blue shirts8/22 RSkool returned 100 of the short sleeve shirts because they were too small.8/24 Ts sold 200 long sleeve blue shirts to RSkool on account for $8 each. Terms FOB-D 3/5, n/30 Shipping costs = $308/29 Ts received payment from RSkool for the purchase on the 24th 8/30 Ts received payment from RSkool for the purple shirts.8/31 Ts received payment from RSkool for the purchase on the 20th 8/31 Ts paid for the purchase on the 11th.
Accounting - Inventory

Accounting - Inventory

Question # 00004545 Posted By: paul911 Updated on: 12/04/2013 01:39 AM Due on: 12/05/2013
Subject Accounting Topic Accounting Tutorials:
Question
Dot Image
In this three-part assignment we will use a scenario about merchandise inventory and its corresponding data to perform perform various accounting tasks. Use both data files (attached) to complete the scenario outlined in the Comprehensive Problem 2 Directions file (attached).
Dot Image
Attachments
comprehensiveproblem2.docx (25 KB)
comprehensiveproblem2-periodicdata.docx (19.35 KB)
comprehensiveproblem2-perpetualdata.docx (28.34 KB)
Tutorials for this Question
  1. mac123
    Tutorial # 00004342 Posted By: mac123 Posted on: 12/04/2013 01:40 AM
    Puchased By: 15
    Tutorial Preview
    The solution of Accounting - Inventory...
      Get the Solution
    Attachments
    ts_1_solution.xlsx (14.65 KB)
Whatsapp Lisa