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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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
O c. $40,000
O d. $34,400
O e. $78,100
100 $
200 $
100 $
150 $
90 $
220 $
900
580units sold
$500per unit
100
110
120
130
150
160
S
COGAFS
10,000
$
22,000
$
12,000
$
19,500
$ 13,800
$ 35,200
$ 112,500
Applying the Weighted Average (WA) Method to cost Inventory:
Calculate Ending Inventory
ROUND ANSWERS TO NEAREST $ (if applicable)
a. $72,500
O b. $112,500.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c9bd05f-6074-441f-9db3-22fefc0ae245%2F98bb3726-38ec-4b4e-b052-c009d5f359fc%2Fc2p32c_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
O c. $40,000
O d. $34,400
O e. $78,100
100 $
200 $
100 $
150 $
90 $
220 $
900
580units sold
$500per unit
100
110
120
130
150
160
S
COGAFS
10,000
$
22,000
$
12,000
$
19,500
$ 13,800
$ 35,200
$ 112,500
Applying the Weighted Average (WA) Method to cost Inventory:
Calculate Ending Inventory
ROUND ANSWERS TO NEAREST $ (if applicable)
a. $72,500
O b. $112,500.
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