Case Defence sells smartphone cases and uses the perpetual inventory system. The following is information on the purchases and sales of "Defender Box" cases. On October 1, Case Defence had 38 units with a unit cost of $32. Purchases Units Sales Units Date Unit Cost Unit Price Oct. 28 33 Oct. 33 $68 Oct. 12 38 35 Oct. 19 38 $68 Oct. 23 48 37 Oct. 30 43 $68 Oct. 31 33 38 Required: 1. Calculate the dollar value of cost of goods sold and ending inventory for the month of October using the following methods. (Do no round intermediate calculations. Round weighted average all unit costs to two decimal places and round all other numbers to the nearest dollar.)

Case Defence sells smartphone cases and uses the perpetual inventory system. The following is information on the purchases and sales of "Defender Box" cases. On October 1, Case Defence had 38 units with a unit cost of $32. Purchases Units Sales Units Date Unit Cost Unit Price Oct. 28 33 Oct. 33 $68 Oct. 12 38 35 Oct. 19 38 $68 Oct. 23 48 37 Oct. 30 43 $68 Oct. 31 33 38 Required: 1. Calculate the dollar value of cost of goods sold and ending inventory for the month of October using the following methods. (Do no round intermediate calculations. Round weighted average all unit costs to two decimal places and round all other numbers to the nearest dollar.)

Name: Case Defence sells smartphone cases and uses the perpetual inventory
Uploaded: 2024-03-20T06:32:37.000Z
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Description: Case Defence sells smartphone cases and uses the perpetual inventory system. The following is information on the purchases andsales of "Defender Box" cases. On October 1, Case Defence had 38 units with a unit cost of $32.PurchasesSalesDateUnitsUnit

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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