a company had a beginning inventory of 180 units that cost $117,000 in May 1, in May 5 they sold 120 units for $101,400, in May 9 they purchased 60 more units for $42,900, in May 13 they again purchased 240 more units for $187,200, in May 24 they sold 240 units for $218,400, In may 27 sold 60 more units for $62,400, then in May 30 they purchased 90 more units for $77,220, using this information calculatre the company's Cost of Goods Sold, Gross Margin, and Ending Inventory using weighted average
a company had a beginning inventory of 180 units that cost $117,000 in May 1, in May 5 they sold 120 units for $101,400, in May 9 they purchased 60 more units for $42,900, in May 13 they again purchased 240 more units for $187,200, in May 24 they sold 240 units for $218,400, In may 27 sold 60 more units for $62,400, then in May 30 they purchased 90 more units for $77,220, using this information calculatre the company's Cost of Goods Sold, Gross Margin, and Ending Inventory using weighted average
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
a company had a beginning inventory of 180 units that cost $117,000 in May 1, in May 5 they sold 120 units for $101,400, in May 9 they purchased 60 more units for $42,900, in May 13 they again purchased 240 more units for $187,200, in May 24 they sold 240 units for $218,400, In may 27 sold 60 more units for $62,400, then in May 30 they purchased 90 more units for $77,220, using this information calculatre the company's Cost of Goods Sold, Gross Margin, and Ending Inventory using weighted average
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