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Linda_us
Linda_us, Finance, Accounts & Homework Tutor
Category: Homework
Satisfied Customers: 7231
Experience:  Post Graduate Diploma in Management (MBA)
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FOR LINDA Hello, I need some help with a few questions you

Resolved Question:

FOR LINDA
Hello, I need some help with a few questions you think you can help?
Submitted: 2 years ago.
Category: Homework
Expert:  Linda_us replied 2 years ago.
Hello and thank you for requesting me.
Is it a timed assignment?
Customer: replied 2 years ago.

no this assignment is not timed

Expert:  Linda_us replied 2 years ago.
Ok. Then please post your questions and advise your deadline.
Customer: replied 2 years ago.

The first two are due Friday night and the other three are due monday

Expert:  Linda_us replied 2 years ago.
Please post them.
Customer: replied 2 years ago.

It's not letting me post is says access denied

Expert:  Linda_us replied 2 years ago.
You can upload them on site like www.box.com and share the link here.
Customer: replied 2 years ago.

Okay let me try again if not I will do that

Expert:  Linda_us replied 2 years ago.
Okay.
Customer: replied 2 years ago.

how do I share the link on box.com?

Expert:  Linda_us replied 2 years ago.
Once you upload file to box.com you will see a link to share click that and copy the link you get and paste it here.
Customer: replied 2 years ago.

https://www.box.com/s/y5podybrl4q6gpj2ok19


 


okay here is the first set these are due monday it is problem 1, problem 3 lower of cost or market, problem 4, problem 5 and problem 6 journal entry


 


I will put the other set of problems after this one so it is not confusing thank you :)

Expert:  Linda_us replied 2 years ago.
I can see all 6 in the post created by you. Do you have more?
Customer: replied 2 years ago.

Yes but its is not letting me but the second link

Expert:  Linda_us replied 2 years ago.
Sorry I am not able to get you.
Customer: replied 2 years ago.

Did you get the first set I sent?

Expert:  Linda_us replied 2 years ago.
I got the first set. I just to confirm if you plan add second set as part of this post or will you create a new post?
Customer: replied 2 years ago.

https://www.box.com/s/y5podybrl4q6gpj2ok19


 


 

Customer: replied 2 years ago.

just problem 1 and 2 for the second set thank you :)

Expert:  Linda_us replied 2 years ago.
I see a total of 6 question?

You told above that
" I will put the other set of problems after this one so it is not confusing thank you :)"

What I wanted to confirm was that

"If you plan add second set as part of this thread or will you create a thread?"
Customer: replied 2 years ago.

This thread, And yes there is 6 problems and you in longer have to do the journal entry for problem 6 thanks

Expert:  Linda_us replied 2 years ago.

If you want add second set to this thread please post that as well so that I can review the total work involved.

I would suggest to create a new thread for second set.

Customer: replied 2 years ago.

No that's it, those are all the problems I need help with

Expert:  Linda_us replied 2 years ago.
Ok. I will complete them before this weekend.
Customer: replied 2 years ago.

Okay thank you

Expert:  Linda_us replied 2 years ago.
Thanks.
Customer: replied 2 years ago.
Hello, I just wanted to see how everything was going? :)
Customer: replied 2 years ago.

I still need those questions please, my deadline is coming up

Expert:  Linda_us replied 2 years ago.
I will post the solution tonight.
Customer: replied 2 years ago.

okay thank you so much :)

Expert:  Linda_us replied 2 years ago.
You are welcome.
Customer: replied 2 years ago.

Did you do the one the second set I had sent? I needed those by tomorrow

Expert:  Linda_us replied 2 years ago.

You told me only to do the first set. That all that you needed.

Customer: replied 2 years ago.

I think I had made it confusing Sorry But I really need help with the other set it is only two questions please!!!

Expert:  Linda_us replied 2 years ago.

Please post it. I will review and let you know. In either case I will not be able to do the questions tonight. I can do it tomorrow.

Customer: replied 2 years ago.

okay I need them at least my tomorrow afternoon or early evening thanks I posting the questions now

Customer: replied 2 years ago.

https://www.box.com/s/vu3zaul7xk4cgylko6jx

Customer: replied 2 years ago.

I you have trouble please let me know it is questions 1 and 2 thank you I will put in a bonus

Expert:  Linda_us replied 2 years ago.

Only 1 & 2 are required? Correct?

 

I can complete them by 8-9 PM EST, is that okay with you.

 

 

Also considering these additional questions please add a Bonus on $20-$25 once I post the solution.

Customer: replied 2 years ago.

okay no problem thank you so much

Expert:  Linda_us replied 2 years ago.
Thank you.
Customer: replied 2 years ago.

Hello, I was looking at problem 4 on the first set of problems and I am having trouble find the answers for ending inventory at cost and Lower of cost or market.

Expert:  Linda_us replied 2 years ago.
ending inventory at cost = 30649
ending inventory at Retail = 42014
Lower of Cost = 30649
Expert:  Linda_us replied 2 years ago.
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Linda_us, Finance, Accounts & Homework Tutor
Category: Homework
Satisfied Customers: 7231
Experience: Post Graduate Diploma in Management (MBA)
Linda_us and 3 other Homework Specialists are ready to help you
Customer: replied 2 years ago.

for question 2 on the second set of questions the answer for the end period: cost of goods sold doesn't work and I can't find the work for the last part of 2 cost of goods sold

Expert:  Linda_us replied 2 years ago.
Which Method is not working LIFO?

If you select Cell D18 or E18 you can see the work.
Expert:  Linda_us replied 2 years ago.
Or are you talking about perpetual vs. periodic?
Customer: replied 2 years ago.

the periodic there is a section that has


Cost of goods sold after end period


 

Customer: replied 2 years ago.

I looked at at those cells i just don't understand where the 500 came from?

Expert:  Linda_us replied 2 years ago.
3200-2700 = 500

"

the periodic there is a section that has


Cost of goods sold after end period"

 

Do we need to show calculation here or is it Journal Entry?

Customer: replied 2 years ago.

calculations please


 

Expert:  Linda_us replied 2 years ago.
Can you please show me drop value.

Customer: replied 2 years ago.

yes: I already put the item it should be


beginning inventory


purchases


Less:returns


Plus: freight in


net purchases


cost of goods available


Less: ending inventory


cost of goods sold


that is how they should be that is the order also I still need help with end period cost of goods pleas thanks ASAP


 

Expert:  Linda_us replied 2 years ago.

beginning inventory 25000


purchases 155000


Less:returns 12000


Plus: freight in 10000


net purchases 153000


cost of goods available 178000


Less: ending inventory 30000


cost of goods sold 148000

Expert:  Linda_us replied 2 years ago.
I would be offline soon. Let me know if you need any further help for today.
Customer: replied 2 years ago.

Did you get the cost of goods sold for the end period?

Expert:  Linda_us replied 2 years ago.
Yes I posted it above. Posting here again


beginning inventory 25000

purchases 155000

Less:returns 12000

Plus: freight in 10000

net purchases 153000

cost of goods available 178000

Less: ending inventory 30000

cost of goods sold 148000
Expert:  Linda_us replied 2 years ago.
I hope you have received all the info now. :)
Customer: replied 2 years ago.

no that is everything thank you

Expert:  Linda_us replied 2 years ago.

Thanks.

Expert:  Linda_us replied 2 years ago.
Hi


I'm just following up with you to see how everything is going. Did my answer help?


Let me know,
Linda

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