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CHAPTER 6- END OF CHAPTER ASSIGNMENT Question 2 of 2 View Policies Current Attempt in Progress I Question List Question 1 Accounting Mu The Ivanhoe
CHAPTER 6- END OF CHAPTER ASSIGNMENT Question 2 of 2 View Policies Current Attempt in Progress I Question List Question 1 Accounting Mu The Ivanhoe Store had a beginning inventory on January 1 of 280 full-size strollers at a cost of $200 per unit. During the year, the following purchases were made: Viewing Question Aung My Unit Units Cost Mar. 15 82 $201 July 201 58 200 Sept. 4 24 198 Dec.2 10 193 At the end of the year, there were 34 units on hand. The Ivanhoe Store uses a periodic inventory system (a) CHAPTER 6-END OF CHAPTER ASSIGNMENT Question 2 of 2 (a) Your answer has been saved. See score details after the due date. Determine the cost of goods available for sale. Cost of goods available for sale (b) eTextbook and Media 90764 Opoge Sea Constrating Deal -/1 EI Attempts: 1 of 1 used Qu Vi During the year, The Ivanhoe Store sold the strollers for $280 per unit. Calculate the number of units sold during the year and total sales revenue. Number of units sold 420 units (c) Total sales revenue eTextbook and Media 1176001 Attempts: 1 of 1 used Determine the cost of the ending inventory and the cost of goods sold using (1) FIFO and (2) weighted average (Round the weighted average cost per unit to 2 decimal places, e.g. 15.25 and final answers to O decimal places, eg. 5.275) Cost of goods sold Ending inventory $ FIFO Weighted Average $ $
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