Curtis Company Had the Following Transactions for the Month of January

question 52

Essay

Curtis Company had the following transactions for the month of January:
$\begin{array}{lll}1 \text {-January } & \text { Beginning inventory } & 30 \text { units @ } \$ 150 \\\text { 6-January } & \text { Purchase } & 40 \text { units @ } \$ 160\\\text { 8-January } & \text { Sales } & 50 \text { units } @ \$ 260 \\\text { 19-January } & \text { Purchase } & 20 \text { units } @ \$ 164 \\22 \text {-January } & \text { Sales } & 30 \text { units }@ \$ 260 \\\text { 30-January } & \text { Purchase } & 15 \text { units } @\$ 156\end{array}$ Assume that Curtis uses the perpetual inventory method and that all transactions were for cash.
Required:Determine the amount of ending inventory using the FIFO cost flow method.

Understand different methods to insert functions in Excel.

Recognize the correct use of the Save As dialog box for saving workbooks.

Learn how to preserve the original version of a workbook.

Identify tools and methods for specific printing tasks in Excel.

---

Definitions:

Bilaterally Symmetrical

Bilaterally Symmetrical refers to organisms that can be divided into matching halves along a single plane, indicative of a high level of organizational complexity.

Hox Genes

A group of related genes that control the body plan of an embryo along the head-tail axis, determining the type and position of body segments.

Bilaterally Symmetric

A form of symmetry where an organism can be divided into two equal halves on a single plane, showing mirror-image right and left sides.

Coelom

A fluid-filled body cavity in many animals, located between the intestinal canal and body wall, lined by tissue derived from mesoderm.