CHAPTER 6 Inventory Costing and Valuation Beginning... Feb. 10........... Aug. 21 Stilton Company has two credit sales during the period. The units have a selling price of $135.00 per unit Mar. 15. Sept. 10.... ********** 640 units 350 units 230 units Sales $75/unit $72/unit $85/unit ********** 430 units 335 units Stilton Company uses a perpetual inventory system. Required 1. Calculate the dollar value of cost of goods sold and ending inventory using: a. FIFO b. Moving weighted average. Round to two decimal places.

CHAPTER 6 Inventory Costing and Valuation Beginning... Feb. 10........... Aug. 21 Stilton Company has two credit sales during the period. The units have a selling price of $135.00 per unit Mar. 15. Sept. 10.... 640 units 350 units 230 units Sales $75/unit $72/unit $85/unit 430 units 335 units Stilton Company uses a perpetual inventory system. Required 1. Calculate the dollar value of cost of goods sold and ending inventory using: a. FIFO b. Moving weighted average. Round to two decimal places.

Name: Using the data from Stilton company do part 1, assuming Stilton Compan
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Description: Using the data from Stilton company do part 1, assuming Stilton Company uses a periodic inventory costing system. Round calculations to two decimal places.1.A) FIFOB) Moving weighted average CHAPTER 6 Inventory Costing and ValuationBeginning.........

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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