Question

With the following information, applying the average cost method, prepare the corresponding records in the warehouse card and the journal entries, using the perpetual system method of the “La Preferida” Store in the month of December. 4 buys 60,000 shirts at L 333.33 each, in cash 5 14 shirts from the previous purchase are returned 7 buys 120,000 shirts at L 366.66 each. to credit 12 150,000 shirts are sold at L 1,599.99 each. to credit 13 return 1 shirt from the previous sale 18 buy 14 shirts at L 339.99 each. to credit 20 6 shirts are sold at L 1,666.99 each. which is 50% cash and 50% credit

160

likes
799 views

Answer to a math question With the following information, applying the average cost method, prepare the corresponding records in the warehouse card and the journal entries, using the perpetual system method of the “La Preferida” Store in the month of December. 4 buys 60,000 shirts at L 333.33 each, in cash 5 14 shirts from the previous purchase are returned 7 buys 120,000 shirts at L 366.66 each. to credit 12 150,000 shirts are sold at L 1,599.99 each. to credit 13 return 1 shirt from the previous sale 18 buy 14 shirts at L 339.99 each. to credit 20 6 shirts are sold at L 1,666.99 each. which is 50% cash and 50% credit

Expert avatar
Dexter
4.7
80 Answers
\text{Compra del 4 de diciembre: } 60,000 \, \text{camisas} \times 333.33 \, \text{L/camisa} = 20,000,000 \, \text{L}
\text{Devolución del 5 de diciembre: } 14 \, \text{camisas} \times 333.33 \, \text{L/camisa} = 4,666.62 \, \text{L}
\text{Compra del 7 de diciembre: } 120,000 \, \text{camisas} \times 366.66 \, \text{L/camisa} = 43,999,200 \, \text{L}
\frac{(60,000 - 14) \times 333.33 + 120,000 \times 366.66}{(60,000 - 14) + 120,000} = \frac{(59,986 \times 333.33) + (120,000 \times 366.66)}{179,986} \approx 353.8475 \, \text{L/camisa}

\text{Venta del 12 de diciembre: } 150,000 \, \text{camisas} \times 1,599.99 \, \text{L/camisa} = 239,998,500 \, \text{L}
\text{Costo de venta del 12 de diciembre: } 150,000 \, \text{camisas} \times 353.8475 \, \text{L/camisa} = 53,077,125 \, \text{L}
\text{Devolución del 13 de diciembre: } 1 \, \text{camisa} \times 353.8475 \, \text{L/camisa} = 353.8475 \, \text{L}
\text{Compra del 18 de diciembre: } 14 \, \text{camisas} \times 339.99 \, \text{L/camisa} = 4,759.86 \, \text{L}

\text{Existencias después de ventas: } (179,986 - 149,999) \times 353.8475 + 14 \times 339.99
= 29,987 \times 353.8475 + 4,759.86 \approx 10,616,228.365 + 4,759.86 \approx 10,621,348.225 \, \text{L}
\text{Promedio nuevo: } \frac{10,621,348.225}{30,001} = 353.8475 \, \text{L/camisa}

\text{Venta del 20 de diciembre: } 6 \, \text{camisas} \times 1,666.99 \, \text{L/camisa} = 10,001.94 \, \text{L}
\text{50\% contado, 50\% crédito = } 5,000.97 \, \text{L contado} + 5,000.97 \, \text{L crédito}
\text{Costo de venta del 20 de diciembre: } 6 \, \text{camisas} \times 353.8475 \, \text{L/camisa} = 2,123.085 \, \text{L}

\text{Costo promedio de las camisas: 353.8475 L}

Frequently asked questions (FAQs)
What is the standard deviation of the numbers 5, 10, 15, 20, 25?
+
Question: Simplify √(3) + √(27) - √(12)
+
Question: What is the median of the data set {4, 6, 8, 10, 12, 14, 16}?
+
New questions in Mathematics
How to find the value of x and y which satisfy both equations x-2y=24 and 8x-y=117
A person who weighs 200 pounds on earth would weigh about 32 pounds on the moon. Find the weight of a person on earth who would weigh 15 pounds on the moon.
What payment 7 months from now would be equivalent in value to a $3,300 payment due 23 months from now? The value of money is 2.7% simple interest. Round your answer to 2 decimal places. Show all work and how you arrive at the answer..
a) A tap can supply eight gallons of gasoline daily to each of its 250 customers for 60 days. By how many gallons should each customer's daily supply be reduced so that it can supply 50 more customers for twenty more days?
The Lenovo company manufactures laptop computers, it is known that for every 60 laptops produced, 54 go on the market with the highest quality standards. If a sample of 15 laptops is taken, calculate the probability that: Exactly 2 are not of high quality
Use the elimination to find the solution to each linear system. X+y=43 2x-y=20
The beta of a company is 1,41 and its cost of equity 18,95%. What is then the market risk premium if the risk free rate is 0,94%? (in %, 2 decimal places)
Log(45)
A company that manufactures personal hygiene items purchases machinery for $220,000 that is considered to last 7 years; it is estimated that at the end of the period it will have a salvage value of $1000. Find: to. The depreciation rate. b. The book value at the end of the sixth year.
A force of 750 pounds compresses a spring 3 inches from its natural length, which is 15 inches. What will be the work done to compress it 3 inches more?
In a grocery store, when you take out 3 peppers and 4 carrots, there are 26 peppers and 46 carrots left. How many peppers and carrots were there initially?
Substitute a=2 and b=-3 and c=-4 to evaluate 2ac/(-2b^2-a)
A box contains 18 blue balls and 33 white balls. What is the ratio of the blue to white balls?
Nice's central library building is considered one of the most original in the world, as it is a mix between a sculpture and a work of habitable architecture. It was called La Tête Carrée and is made up of part of a bust that supports a cube divided into five floors. It is known that the building has a total height of approximately 30 meters. It admits that the cubic part of the sculpture is parallel to the floor and has a volume of 2744 meters3 Calculate, in meters, the height of the bust that supports the cube. Displays all the calculations you made.
If A and B are any events, the property that is not always true is: a) 0 ≤ 𝑃(𝐴 ∩ 𝐵) ≤ 1 b) 𝑃(Ω) = 1 c) 𝑃(𝐵) = 1 − 𝑃(𝐵𝑐) d) 𝑃(∅) = 0 e) 𝑃(𝐴 ∪ 𝐵) = 𝑃(𝐴) + 𝑃(𝐵)
Which of the methods below can be used to workout 95% of an amount? a. Dividing the amount 100 and multiply by 95 b. Working out 5% of the amount and taking it away from the full amount c. Dividing 95 by 100 and multiplying the answer by the amount d. Dividing the amount by 95 and then multiply by 100
In a laboratory test, it was found that a certain culture of bacteria develops in a favorable environment, doubling its population every 2 hours. The test started with a population of 100 bacteria. After six hours, it is estimated that the number of bacteria will be:
The business college computing center wants to determine the proportion of business students who have personal computers (PC's) at home. If the proportion is greater than 35%, then the lab will modify a proposed enlargement of its facilities. Suppose a hypothesis test is conducted and the test statistic is z= 2.6. Find the P-value for this test.
5x+13+7x-10=99
Mark is gluing a ribbon around the sides of a picture frame. The frame is 11 inches long and 7 includes wide. How much ribbon does Mark need?