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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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A education.wiley.com
ssan
D 74) XAYAAD XIKMO OO.
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Question 5 of 10 < >
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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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