Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 36 units in ending inventory. Note: Do not round intermediate calculations, such as average cost per unit values. Round your answers to the nearest cent. Date January 1 April 1 June 1 September 1 Total FIFO LIFO Average cost Units purchased 43 38 53 48 182 Cost of goods sold Cost per unit $7.10 6.35 6.10 6.60 Ending inventory Total cost $ 305.30 241.30 323.30 316.80 $ 1,186.70

Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 36 units in ending inventory. Note: Do not round intermediate calculations, such as average cost per unit values. Round your answers to the nearest cent. Date January 1 April 1 June 1 September 1 Total FIFO LIFO Average cost Units purchased 43 38 53 48 182 Cost of goods sold Cost per unit $7.10 6.35 6.10 6.60 Ending inventory Total cost $ 305.30 241.30 323.30 316.80 $ 1,186.70

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Description: Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 36units in ending inventory.Note: Do not round intermediate calculations, such as average cost per unit values. Round you

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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Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 30 units in ending inventory. (Do not round your intermediate calculation and round your final answers to the nearest cent.) Units purchased Cost per unit $6.80 Date Total cost January 1 April 1 48 $ 326.40 38 6.80 258.40 June 1 60 5.80 348.00 September 1 53 6.80 360.40 Total 199 $1,293.20 Cost of goods sold Ending inventory FIFO LIFO Average cost
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Solve the problem using the information given in the table and the weighted-average inventory method. Round the final answer to the nearest cent - do no round other calculation. Calculate the cost of goods sold. Answer: ($2,053.55) The answer is here but I need to know HOW to get the answer - the chart is attached.
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