Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particularproduct in 2023 as follows:Jan. 1 Beginning inventoryJan. 10 SoldMar. 7 PurchasedMar. 15 SoldJuly 28 Purchased iOct. 3 PurchasedOct. 5 Sold110 units @$ 7.80se units @$16.30-380 units @$ 7.10 -130 units @$16.30-630 units @$ 6.90 -580 units @s 6.80 -830 units @$16.30-Assume that Car Armour specifically sold the following units:Jan. 10: 80 units from beginning inventoryMar. 15: 20 units from beginning inventory, and110 units from the March 7 purchaseOct. 5: 320 units from the July 28 purchase, and510 units from the October 3 purchase.$ 858.001,304.002,698.002,119.004,347.003,944.0013,529.00Ending inventoryCost of goods soldCalculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.)

Name: Car Armour sells car wash cleaners. Car Armour uses a perpetual inven
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Description: Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particularproduct in 2023 as follows:Jan. 1 Beginning inventoryJan. 10 SoldMar. 7 PurchasedMar. 15 SoldJuly 28 Purchased iOct. 3 Purch

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Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows: Jan. 1 Beginning inventory Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 Sold 110 units @$ 7.80 80 units @$16.30- 380 units @$ 7.10- 130 units @$16.30- 630 units @$6.90 - 580 units @$ 6.00- 830 units @$16.30 Jan. 10: 80 units from beginning inventory Mar. 15: 20 units from beginning inventory, and 110 units from the March 7 purchase $ Assume that Car Armour specifically sold the following units: Oct. 5: 320 units from the July 28 purchase, and 510 units from the October 3 purchase 858.00 1,304.00 2,698.00 2,119.00 4,347.00 3,944.00 13,529.00 Calculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.)

Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows: Jan. 1 Beginning inventory Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 Sold 110 units @$ 7.80 80 units @$16.30- 380 units @$ 7.10- 130 units @$16.30- 630 units @$6.90 - 580 units @$ 6.00- 830 units @$16.30 Jan. 10: 80 units from beginning inventory Mar. 15: 20 units from beginning inventory, and 110 units from the March 7 purchase $ Assume that Car Armour specifically sold the following units: Oct. 5: 320 units from the July 28 purchase, and 510 units from the October 3 purchase 858.00 1,304.00 2,698.00 2,119.00 4,347.00 3,944.00 13,529.00 Calculate cost to be assigned to ending inventory and cost of goods sold. (Round your final answers to 2 decimal places.)

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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