Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Below is rays company for electrical services. there purchases and sales are noted below Date Purchase Number of units Cost per unit Total Cost Jan
Below is rays company for electrical services. there purchases and sales are noted below Date Purchase Number of units Cost per unit Total Cost Jan 1 beginning 85 $12.00 $1020 March 14 purchase 90 $13.00 $1170 July 30 purchase 500 $14.00 $7000 October 4 purchase 450 $15.00 $6750 Units available 1125 Cost of Goods $15940 The company makes sales in the following dates Date Sale Number of units Jan 10 sale 65 units March 15 sale 40 units Oct 15 sale 350 units Total 450 units 905 The company makes sales in the following dates using special identification method Date Number of unit Jan 10 65 units from the beginning inventory March 15 15 from the beginning inventory 30 units from the March 14 purchase Oct 15 50 units from March 14 purchase 350 units from Oct 4 purchase Total 10:14 .docs.google.com hehe Date 10 March 5 15 unit from the beginning 13 to the higher and from March antrom Marsh 350 from startet Osts 7 points Compute the cost of inventory using weighted average method(type the number only. round to 2 decimal places)* Your answer The Inventory of Bell department 3 points store was destroyed by a fire on September 10,2014. The following data were found in the accounting records. estimate the cost using retail method Beginning Cowl of good purchased $48000 520000 520000 Your answer + 13
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669e785848862_527669e7857bf6a6.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669e7858e4152_528669e785887dfa.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started