Cost/ Selling Date Event Quantity Price Jan 1 beginning inventory 19,900 $42.85 Jan 5 sale 5,840 73.00 Feb 15 purchase 34,800 40.25 Mar 10 purchase 10,200 49.00 May 20 sale 42,100 73.00 Aug 22 purchase 15,100 44.80 Sep 12 sale 20,200 73.00 Nov 24 purchase 9,000 47.00 Dec 5 sale 16,200 73.00 Calculate the ending inventory balance for Wildhorse Ltd., assuming the company uses a perpetual inventory system and the movin average cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to O decimal places, e.g. 5,275.) Ending inventory Unit cost of the last item sold $
Cost/ Selling Date Event Quantity Price Jan 1 beginning inventory 19,900 $42.85 Jan 5 sale 5,840 73.00 Feb 15 purchase 34,800 40.25 Mar 10 purchase 10,200 49.00 May 20 sale 42,100 73.00 Aug 22 purchase 15,100 44.80 Sep 12 sale 20,200 73.00 Nov 24 purchase 9,000 47.00 Dec 5 sale 16,200 73.00 Calculate the ending inventory balance for Wildhorse Ltd., assuming the company uses a perpetual inventory system and the movin average cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending inventory to O decimal places, e.g. 5,275.) Ending inventory Unit cost of the last item sold $
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter6: Inventories
Section: Chapter Questions
Problem 4BE: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
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Question
![The following inventory transactions took place for Wildhorse Ltd. for the year ended December 31, 2023:
Cost/
Selling
Date
Event
Quantity
Price
Jan 1
beginning inventory
19,900
$42.85
Jan 5
sale
5,840
73.00
Feb 15
purchase
34,800
40.25
Mar 10
purchase
10,200
49.00
May 20
sale
42,100
73.00
Aug 22
purchase
15,100
44.80
Sep 12
sale
20,200
73.00
Nov 24
purchase
9,000
47.00
Dec 5
sale
16,200
73.00
Calculate the ending inventory balance for Wildhorse Ltd., assuming the company uses a perpetual inventory system and the moving-
average cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending
inventory to O decimal places, e.g. 5,275.)
Ending inventory
Unit cost of the last item sold
$
eTextbook and Media
Su](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa67d70cf-568c-4c25-b78c-f15f225576f5%2Fa5712902-2692-418d-ac2d-d263b02c2693%2F49indum_processed.png&w=3840&q=75)
Transcribed Image Text:The following inventory transactions took place for Wildhorse Ltd. for the year ended December 31, 2023:
Cost/
Selling
Date
Event
Quantity
Price
Jan 1
beginning inventory
19,900
$42.85
Jan 5
sale
5,840
73.00
Feb 15
purchase
34,800
40.25
Mar 10
purchase
10,200
49.00
May 20
sale
42,100
73.00
Aug 22
purchase
15,100
44.80
Sep 12
sale
20,200
73.00
Nov 24
purchase
9,000
47.00
Dec 5
sale
16,200
73.00
Calculate the ending inventory balance for Wildhorse Ltd., assuming the company uses a perpetual inventory system and the moving-
average cost formula. Also calculate the per-unit cost of the last item sold. (Round unit costs to 2 decimal places, e.g. 52.75 and ending
inventory to O decimal places, e.g. 5,275.)
Ending inventory
Unit cost of the last item sold
$
eTextbook and Media
Su
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