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chapter 6 volume 1 would like to see a spread sheet of purchases, sales at cost and inventory balance Problem 6-2A Alternative cost flows-perpetual LO2eKCeI
chapter 6 volume 1 would like to see a spread sheet of purchases, sales at cost and inventory balance
Problem 6-2A Alternative cost flows-perpetual LO2eKCeI CHECK FIGURES: 1 . Ending inventory; a. $35,750;b.$35,107.80;2. Ending inventory =$35,395.00 The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31,2023. Silton Company has two credit sales during the period. The units have a selling price of $135.00 per unit. Stilton Company uses a perpetual inventory system. Required 1. Calculate the dollar value of cost of goods sold and ending inventory using: a. Fifo b. Mowing weighted average. Round to two decimal places. 2 Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were specifically identified as follows: 3. Uing information from your answers in Parts 1 and 2, joumalize the credit purchase on February 10 and the credit sale on September 10 for each of: 2. 1400 b. Moving weighted average c. Specific identification Step by Step Solution
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