Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 5.25

Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 5,250.)
Purchases Cost of Goods Sold Balance
Date Units Cost Total Units Cost Total Units Cost Total Units Total Cost WA Cost Per unit
Apr-01 Beginning Inventory
26 $11 $286 26 $11 $286
Apr-15 52 $13 $676

$

$

26 $286
52 $676

$

$

Apr-20 29 $

$

$

$

78 $962
-29 $357.57

$

$

Apr-23 47 $14 $658 96 $

$

49 $604.43
47 $658

$

$

Apr-28 54 $

$

42 $

$

96 $1,262.43
-54 $710.10
42 $

$

125 $1,620 83 $

42 $552.33

LINK TO TEXT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Global Perspective

Authors: Rod Monger

1st Edition

0470518405, 978-0470518403

More Books

Students also viewed these Accounting questions