Wildhorse Company uses a perpetual inventory system. The company began 2024 with 1,300 lamps in inventory at a cost of $13 per unit. During 2024, Wildhorse had the following purchases and sales of lamps: February 15 April 24 Purchased 2,600 units @ $19 per unit Sold 3,250 units @ $31 per unit June 6 Purchased 4,550 units @ $24 per unit October 18 Sold 2,600 units @ $34 per unit December 4 Purchased 1,820 units @ $27 per unit All purchases and sales are on account. (a) Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, eg. 5.27 and final answers to O decimal places, eg. 5,275.) Weighted Average Cost of goods sold $ Ending inventory $

Wildhorse Company uses a perpetual inventory system. The company began 2024 with 1,300 lamps in inventory at a cost of $13 per unit. During 2024, Wildhorse had the following purchases and sales of lamps: February 15 April 24 Purchased 2,600 units @ $19 per unit Sold 3,250 units @ $31 per unit June 6 Purchased 4,550 units @ $24 per unit October 18 Sold 2,600 units @ $34 per unit December 4 Purchased 1,820 units @ $27 per unit All purchases and sales are on account. (a) Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, eg. 5.27 and final answers to O decimal places, eg. 5,275.) Weighted Average Cost of goods sold $ Ending inventory $

Name: Wildhorse Company uses a perpetual inventory system. The company bega
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Description: Wildhorse Company uses a perpetual inventory system. The company began 2024 with 1,300 lamps in inventory at a cost of $13 perunit. During 2024, Wildhorse had the following purchases and sales of lamps:February 15April 24Purchased 2,600 units @ $19

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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