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Calculating Weighted Average Unit Cost Under the Perpetual System of Inventory Gentry Corporation has the following information: Beginning of year units of Inventory 22,000 Beginning
Calculating Weighted Average Unit Cost Under the Perpetual System of Inventory Gentry Corporation has the following information: Beginning of year units of Inventory 22,000 Beginning of year dollar cost of Inventory $ 10.54 Arrive at Warehouse Units Sold 1722X3 1,580 Purchases 2/15/X3 fob destination 2/18/X3 13,400 at $ 8.97 each Purchases 6/23/X3 fob destination 7/1/X3 2,650 at 6.92 each Units Sold 8/20/X3 3,800 Purchases 12/27/X3 fob destination 1/6/X4 10,100 at $ 9.00 each Units Sold 12/31/X3 8,000 $ Units Purchased Purchased At Cost of Purchase Cost of Sale Sold Balance In $ In Units Sold At WACU Date BOY Inventory 1/22/X3 2/18/X3 7/1/X3 8/20/X3 12/27/X3 12/31/X3 TOTAL COST OF GOODS SOLD TOTAL ENDING INVENTORY 7.) Calculate the ending inventory balance at 12/31/X3 in units. Complete the missing items in the Cost of Goods Sold Formula: Beginning of period inventory Plus: Purchases 8.) Equals 9.) Less: Equals: Cost of Goods Sold
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