From the following, calculate the cost of ending inventory and cost of goods sold for the weighted-average method, ending inventory is 49 units. (Round your intermediate calculations and final answers to the nearest cent.) Beginning inventoryand purchases Units Unit cost January 1 5 $2.00 April 10 10 2.50 May 15 12 3.00 July 22 15 3.25 August 19 18 4.00 September 30 20 4.20 November 10 32 4.40 December 15 16 4.80 Cost of ending inventory is? Cost of goods sold?
From the following, calculate the cost of ending inventory and cost of goods sold for the weighted-average method, ending inventory is 49 units. (Round your intermediate calculations and final answers to the nearest cent.) Beginning inventoryand purchases Units Unit cost January 1 5 $2.00 April 10 10 2.50 May 15 12 3.00 July 22 15 3.25 August 19 18 4.00 September 30 20 4.20 November 10 32 4.40 December 15 16 4.80 Cost of ending inventory is? Cost of goods 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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From the following, calculate the cost of ending inventory and cost of goods sold for the weighted-average method, ending inventory is 49 units. (Round your intermediate calculations and final answers to the nearest cent.)
Beginning inventory and purchases |
Units | Unit cost | |||
January 1 | 5 | $2.00 | |||
April 10 | 10 | 2.50 | |||
May 15 | 12 | 3.00 | |||
July 22 | 15 | 3.25 | |||
August 19 | 18 | 4.00 | |||
September 30 | 20 | 4.20 | |||
November 10 | 32 | 4.40 | |||
December 15 | 16 | 4.80 | |||
Cost of ending inventory is?
Cost of goods sold?
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