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The following information relates to Oriole Kitchen Ltd's inventory transactions during the month of March. Mar. 1 7 12 16 18 27 29 Beginning inventory Sale Purchase Purchase Sale Purchase Sale Units Cost/Unit Amount 4,200 $18 $75,600 2,800 1,750 560 1,750 2,800 2.450 All of the units sold were priced at $65 per unit. $20 $35,000 $20 $11.200 $23 $64,400

The following information relates to Oriole Kitchen Ltd's inventory transactions during the month of March. Mar. 1 7 12 16 18 27 29 Beginning inventory Sale Purchase Purchase Sale Purchase Sale Units Cost/Unit Amount 4,200 $18 $75,600 2,800 1,750 560 1,750 2,800 2.450 All of the units sold were priced at $65 per unit. $20 $35,000 $20 $11.200 $23 $64,400

FINANCIAL ACCOUNTING
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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Oriole Kitchen Ltd, uses the periodic inventory system. Calculate Oriole Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using weighted-average. (Round calculations for cost per unit to 2 decimal places, eg. 10.52 and final answers to O decimal places, e.g. 61,052.) Cost of goods sold Gross margin Ending inventory $ $ $
Transcribed Image Text:Oriole Kitchen Ltd, uses the periodic inventory system. Calculate Oriole Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using weighted-average. (Round calculations for cost per unit to 2 decimal places, eg. 10.52 and final answers to O decimal places, e.g. 61,052.) Cost of goods sold Gross margin Ending inventory $ $ $
The following information relates to Oriole Kitchen Ltd's inventory transactions during the month of March. Mar. 1 7 12 16 18 27 29 Beginning inventory Sale Purchase Purchase Sale Purchase Sale Units 4,200 2,800 1,750 560 1,750 2,800 2.450 Cost/Unit. $18 All of the units sold were priced at $65 per unit. Amount $75,600 $20 $35,000 $20 $11.200 $23 $64,400
Transcribed Image Text:The following information relates to Oriole Kitchen Ltd's inventory transactions during the month of March. Mar. 1 7 12 16 18 27 29 Beginning inventory Sale Purchase Purchase Sale Purchase Sale Units 4,200 2,800 1,750 560 1,750 2,800 2.450 Cost/Unit. $18 All of the units sold were priced at $65 per unit. Amount $75,600 $20 $35,000 $20 $11.200 $23 $64,400
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