HW6#17a: Use the following data to answer the Chapter 6 Comprehensive Review Question DEFROST Company sells snowmobiles using a periodic inventory system. January is their peak business season....


What are the sales, beginning inventory, COGP, COGA, Ending inventory, COGS, and Gross Profit as stated on the green sheet.


HW6#17a: Use the following data to answer the Chapter 6 Comprehensive<br>Review Question<br>DEFROST Company sells snowmobiles using a periodic inventory<br>system. January is their peak business season. Transactions for<br>DEFROST during January 2018 include the following:<br>DATE<br>EVENT<br>TRANSACTIONS<br>1-Jan Beginning Inventory<br>8 Snowmobiles at $2,000 each ,000<br>5 Snowmobiles at $2,500 each 12,500<br>9 Snowmobiles at $3,000 each 2 7,000<br>3 Snowmobiles at $3,000 each<br>5-Jan Purchases+ Freight<br>13-Jan Sold<br>18-Jan Sold<br>9,000<br>7 Snowmobiles at $2,600 each 18,200<br>3 Snowmobiles at $3,200 each<br>23-Jan Purchases + Freight<br>9,600<br>25-Jan Sold<br>4-24<br>24<br>

Extracted text: HW6#17a: Use the following data to answer the Chapter 6 Comprehensive Review Question DEFROST Company sells snowmobiles using a periodic inventory system. January is their peak business season. Transactions for DEFROST during January 2018 include the following: DATE EVENT TRANSACTIONS 1-Jan Beginning Inventory 8 Snowmobiles at $2,000 each ,000 5 Snowmobiles at $2,500 each 12,500 9 Snowmobiles at $3,000 each 2 7,000 3 Snowmobiles at $3,000 each 5-Jan Purchases+ Freight 13-Jan Sold 18-Jan Sold 9,000 7 Snowmobiles at $2,600 each 18,200 3 Snowmobiles at $3,200 each 23-Jan Purchases + Freight 9,600 25-Jan Sold 4-24 24
FIFO<br>LIFO AVERAGE COST<br>Sales<br>45,600 27,000<br>Beginning Inventory<br>16,000|100<br>Cost of Goods Purchased<br>Cost of Goods Available for Sale o 00<br>(Ending Inventory)<br>13,000<br>BrooD 675<br>10,000<br>Cost of Goods Sold<br>33,70010035.025<br>Gross Profit<br>1,900 3,90010,75<br>75<br>6-25<br>25<br>

Extracted text: FIFO LIFO AVERAGE COST Sales 45,600 27,000 Beginning Inventory 16,000|100 Cost of Goods Purchased Cost of Goods Available for Sale o 00 (Ending Inventory) 13,000 BrooD 675 10,000 Cost of Goods Sold 33,70010035.025 Gross Profit 1,900 3,90010,75 75 6-25 25

Jun 10, 2022
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