Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ch6-7 I cant figure out some of the blank blue boxes. please help?? March 1- Purchase 100 units $50 each March 5- Purchase 400 units

ch6-7 I cant figure out some of the blank blue boxes. please help??
image text in transcribed
image text in transcribed
March 1- Purchase 100 units $50 each March 5- Purchase 400 units $55 each March 9- Sales 420 units $85 units March 18- Purchase 120 units $60 each March 25- Purchase 200 units $62 each March 29- Sales 160 units $95 each Check my work Required 1 Required 2 Required 3 Compute the cost assigned to ending Inventory using Weighted Average. (Round your average cost per unit to 2 decimal places.) Cont of Goods Sold Inventory Balance Weighted Average Perpetual: Goods Purchased #of Dato units Cost per unit March 1 100 @ S 50.00 March 5 400 @ $ 55.00 # of units sold Cost per unit Cost of Goods Sold of units Cost per unit Inventory Bar 50.00 - $ 5,000.00 100 100 5 50.00 55.00 $ 400) @ 500 @ $ 5.000.00 22,000.00 $ 27.000.00 Average 80 March 9 80 s 120 60.00 March 18 $ 60.00 - 120 200 7.200.00 7,200.00 $ Average 2001 $ 62.00 $ 200 - March 25 12,400.00 18 2001 200 240 0.00 March 29 Total

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

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

Step: 3

blur-text-image

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

Signals and Systems using MATLAB

Authors: Luis Chaparro

2nd edition

123948126, 978-0123948120

Students also viewed these Accounting questions

Question

What are the need and importance of training ?

Answered: 1 week ago

Question

What is job rotation ?

Answered: 1 week ago