sssssssssssssss dThe Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023.BeginningFeb. 10Aug. 21535 units @ $90/unit275 units @ $87/unit155 units @ $100/unitStilton Company has two credit sales during the period. The units have a selling price of $150 per unit.SalesMar. 15 355 unitsSept. 10 260 unitsStilton 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. FIFOb. Moving weighted averageEnding Inventory Cost of Goods Sold2. Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales werespecifically identified as follows:Mar15. 105 unite from hominninn inventory< Prev1 of 3Next >

Name: sssssssssssssss dThe Stilton Company has the following inventory and c
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: sssssssssssssss dThe Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023.BeginningFeb. 10Aug. 21535 units @ $90/unit275 units @ $87/unit155 units @ $100/unitStilton Company has two credit sa