BRADY-LOMBARDI TROPHY COMPANY:Inventory Records for Year 20X1DateBeg InventoryPurchases:Oct 01, 20X1Oct 05, 20X1Oct 10, 20X1Oct 15, 20X1Oct 20, 20X1Total InventoryTotal SoldRetail PriceCost of Goods Available for Sale (COGAFS)# unitsCost/UnitO c. $40,000O d. $34,400O e. $78,100100 $200 $100 $150 $90 $220 $900580units sold$500per unit100110120130150160SCOGAFS10,000$22,000$12,000$19,500$ 13,800$ 35,200$ 112,500Applying the Weighted Average (WA) Method to cost Inventory:Calculate Ending InventoryROUND ANSWERS TO NEAREST $ (if applicable)a. $72,500O b. $112,500.

Name: BRADY-LOMBARDI TROPHY COMPANY:Inventory Records for Year 20X1DateBeg
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Description: BRADY-LOMBARDI TROPHY COMPANY:Inventory Records for Year 20X1DateBeg InventoryPurchases:Oct 01, 20X1Oct 05, 20X1Oct 10, 20X1Oct 15, 20X1Oct 20, 20X1Total InventoryTotal SoldRetail PriceCost of Goods Available for Sale (COGAFS)# unitsCost/UnitO c. $4

Answer:- Weighted average cost method:- Weighted average method is one of the method of inventory…

Business

Accounting

BRADY-LOMBARDI TROPHY COMPANY: Inventory Records for Year 20X1 Date Beg Inventory Purchases: Oct 01, 20X1 Oct 05, 20X1 Oct 10, 20X1 Oct 15, 20X1 Oct 20, 20X1 Total Inventory Total Sold Retail Price Cost of Goods Available for Sale (COGAFS) # units Cost/Unit b. $112,500 O c. $40,000 d.$34,400 Oe. $78,100 100 $ 200 $ 100 $ 150 $ 90 $ 220 $ 900 580units sold $500per unit 100 110 120 130 150 160 $ COGAFS $ $ 10,000 22,000 12,000 $ 19,500 $ 13,800 $ 35,200 $ 112,500 Applying the Weighted Average (WA) Method to cost Invento Calculate Ending Inventory ROUND ANSWERS TO NEAREST $ (if applicable) O a. $72,500

BRADY-LOMBARDI TROPHY COMPANY: Inventory Records for Year 20X1 Date Beg Inventory Purchases: Oct 01, 20X1 Oct 05, 20X1 Oct 10, 20X1 Oct 15, 20X1 Oct 20, 20X1 Total Inventory Total Sold Retail Price Cost of Goods Available for Sale (COGAFS) # units Cost/Unit b. $112,500 O c. $40,000 d.$34,400 Oe. $78,100 100 $ 200 $ 100 $ 150 $ 90 $ 220 $ 900 580units sold $500per unit 100 110 120 130 150 160 $ COGAFS $ $ 10,000 22,000 12,000 $ 19,500 $ 13,800 $ 35,200 $ 112,500 Applying the Weighted Average (WA) Method to cost Invento Calculate Ending Inventory ROUND ANSWERS TO NEAREST $ (if applicable) O a. $72,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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