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6 The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. 15 points Beginning Feb. 10 Aug.
6 The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. 15 points Beginning Feb. 10 Aug. 21 542 units @ $91/unit 280 units @ $88/unit 160 units @ $101/unit eBook Stilton Company has two credit sales during the period. The units have a selling price of $151 per unit. Ask Print Sales Mar. 15 360 units Sept. 10 265 units References Stilton 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 "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) . FIFO Ending Inventory Cost of Goods Sold $ 33,496.00 $ 56,626.00 $ 33,137.00 $ 56,990.00 b. Moving weighted average entry worksheet T 1 2 3 > Record the purchase of inventory on credit. Note: Enter debits before credits. Date General Journal Debit Credit February 10 Record entry Clear entry View general journal
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