Shellhammer Company's inventory records show the following data for the month of September: Units Inventory, September 1 100 Purchases: September 8 450 September 18 350 Unit Cost $3.34 3.50 3.70

College Accounting, Chapters 1-27
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Author:HEINTZ, James A.
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Chapter10: Accounting For Sales And Cash Receipts
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Problem 7SEB: JOURNALIZING SALES RETURNS AND ALLOWANCES Enter the following transactions starting on page 60 of a...
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Shellhammer Company's inventory records show the following data for the month of September:
Units
Unit Cost
Inventory, September 1
100
$3,34
Purchases: September 8
450
3.50
September 18
350
3.70
A physical inventory on September 30 shows 200 units on hand.
Calculate the value of the ending inventory and cost of goods sold if the company uses weighted average inventory costing and a
periodic inventory system. (Round cost per unit to 2 decimal places, e.g. 15.25 and ending inventory and cost of goods sold to
the nearest dollar, e.g. 5,275.)
Ending inventory
Cost of goods sold
$
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7,288
MAR
7
tv
...
80
Transcribed Image Text:Edit View History Bookmarks Window Help A education.wiley.com ssan D 74) XAYAAD XIKMO OO. w NWP Assessment Playe. N Solved > 5-1 Accounti.. C Home | Chegg.com A DQ9: Data Mining - S Question 5 of 10 < > - /3 view Policies Current Attempt in Progress Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3,34 Purchases: September 8 450 3.50 September 18 350 3.70 A physical inventory on September 30 shows 200 units on hand. Calculate the value of the ending inventory and cost of goods sold if the company uses weighted average inventory costing and a periodic inventory system. (Round cost per unit to 2 decimal places, e.g. 15.25 and ending inventory and cost of goods sold to the nearest dollar, e.g. 5,275.) Ending inventory Cost of goods sold $ Save for Later Attempts: 0 of 1 used Submit Answer 7,288 MAR 7 tv ... 80
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