Please do not give solution in image format thanku Tamarisk Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.UnitsUnit CostTotal CostApril 1 inventory230$26$ 5,980April 15 purchase3603111,160April 23 purchase410341,00013,940$31,080Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)Weighted average cost per unitCompute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 2,760.)Ending inventoryCost of goods sold

Step 1:Given:Total cost of goods available for sale = $31,080Total units available for sale =…

Answered: Tamarisk Company uses a periodic…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 7MCQ

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