Tully Sales uses a periodic inventory system with the weighted averagemethod of cost assignment. The following data are available.DateUnitsUnit cost $Jan 6152631O $8 000O $15 400O $9 800Beginning inventoryPurchaseO $7000PurchaseSale40080010001 400The cost of sales for January is: (calculate your answer to the nearestwhole dollar).5.506.508.00

Under the weighted average inventory method, total cost of goods purchased is divided by the total…

Tully Sales uses a periodic inventory system with the weighted average method of cost assignment. The following data are available. Date Units Unit cost $ Jan 6 15 26 31 O $8 000 O $15 400 $9 800 Beginning inventory Purchase Purchase O $7 000 Sale 400 800 1000 1 400 The cost of sales for January is: (calculate your answer to the nearest whole dollar). 5.50 6.50 8.00

Tully Sales uses a periodic inventory system with the weighted average method of cost assignment. The following data are available. Date Units Unit cost $ Jan 6 15 26 31 O $8 000 O $15 400 $9 800 Beginning inventory Purchase Purchase O $7 000 Sale 400 800 1000 1 400 The cost of sales for January is: (calculate your answer to the nearest whole dollar). 5.50 6.50 8.00

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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