You are given the following information for Sunland Company for the month ended November 30, 2024: Date Nov. 1 9 15 22 (a) Description Beginning inventory. Purchase Sale Purchase 29 Sale * 30 Purchase Units 65 100 (120) 150 (150) 46 Unit Cost $49 45 43 42 Sunland Company uses a perpetual inventory system. All sales and purchases are on account. Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,275.75.)
You are given the following information for Sunland Company for the month ended November 30, 2024: Date Nov. 1 9 15 22 (a) Description Beginning inventory. Purchase Sale Purchase 29 Sale * 30 Purchase Units 65 100 (120) 150 (150) 46 Unit Cost $49 45 43 42 Sunland Company uses a perpetual inventory system. All sales and purchases are on account. Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,275.75.)
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:(a)
Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit
and final answers to 2 decimal places, e.g. 5,275.75.)
Cost of goods sold
Ending inventory
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You are given the following information for Sunland Company for the month ended November 30, 2024:
Date
Nov. 1
(a)
9
15
22
29
30
Description
Beginning inventory
Purchase
Sale
Purchase
Sale
Purchase
Units
65
100
(120)
150
(150)
46
Unit
Cost
$49
45
43
42
Sunland Company uses a perpetual inventory system. All sales and purchases are on account.
Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit
and final answers to 2 decimal places, e.g. 5,275.75.)
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