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Chapter 6 - Graded Homework #6 Saved The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020.
Chapter 6 - Graded Homework #6 Saved The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. 2 Beginning Feb. 10 Aug. 21 598 units @ $81/unit 320 units @ $78/unit 200 units $91/unit 10 points Skipped Stilton Company has two credit sales during the period. The units have a selling price of $141 per unit. Mar. 15 Sept. 10 Sales 400 units 305 units Print o References Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold a FIFO b. Moving weighted average 2 10 points 2. Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were specifically identified as follows: Skipped Mar. 15: 212 units from beginning Inventory 188 units from the February 10 purchase Sept. 10: 207 units from beginning inventory 34 units from the February 10 purchase 64 units from the August 21 purchase Print References Ending Inventory Cost of Goods Sold Specific Identification 2 2. Un tomon to you in Puts and 2. Juale e crece purchase on eranderen September 10 orechot TVO Journal entry worksheet Record the purchase of story General De Creet by to 2 Specification Journal entry worksheet 2 Record the purchase of inventory on credit Du General Cred February 10 e per me
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