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answer the following questions The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31,2023. Stilton Company has two
answer the following questions
The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31,2023. Stilton Company has two credit sales during the period. The units have a selling price of $138 per unit. 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. Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) b. Moving weighted average (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to nearest whole dollar.) Journal entry worksheet 3 Record the purchase of inventory on credit. Note: Enter debits belore credits. c. Specific identification Journal entry worksheet Record a credit sale. Note: Enter debits before credits Step by Step Solution
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