-S The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning Feb. 10 Aug. 21 549 units @ $92/unit 285 units @ $89/unit 165 units @ $102/unit Stilton Company has two credit sales during the period. The units have a selling price of $152 per unit. Sales Mar. 15 365 units Sept. 10 270 units Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) a. FIFO b. Moving weighted average Ending Inventory Cost of Goods Sold 34,541.00 $ 33,777.00 $ $ $ 58,162.00 58,926.00

-S The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning Feb. 10 Aug. 21 549 units @ $92/unit 285 units @ $89/unit 165 units @ $102/unit Stilton Company has two credit sales during the period. The units have a selling price of $152 per unit. Sales Mar. 15 365 units Sept. 10 270 units Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) a. FIFO b. Moving weighted average Ending Inventory Cost of Goods Sold 34,541.00 $ 33,777.00 $ $ $ 58,162.00 58,926.00

Name: esThe Stilton Company has the following inventory and credit purchase
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Description: esThe Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020.BeginningFeb. 10Aug. 21Stilton Company has two credit sales during the period. The units have a selling price of $152 per unit.549

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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