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Correct this Question Required information [The following information applies to the questions displayed below] A compariy began January with 6,000 units of its principal product.
Correct this Question
Required information [The following information applies to the questions displayed below] A compariy began January with 6,000 units of its principal product. The cost of each unit is $9. Inventory transactions for the month of January are as follows: - Includes purchase price and cost of freight. 8,000 units were on hand at the end of the month. 5. Caiculate January's ending inventory and cost of good's sold for the month using Average cost, perpetual system. Note: Round average cost per unit to 4 decimal places. Enter sales with a negative sign. \begin{tabular}{|c|c|c|c|c|c|c|} \hline & of units & \begin{tabular}{l} per \\ unit \end{tabular} & Value & \begin{tabular}{l} of units \\ sold \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{l} Goods \\ Sold \end{tabular} \\ \hline Beginning Inventory & 6,000 & 9.0000 & $54,000 & & & \\ \hline Sale-January 5 & 3,000 & 9.0000 & 27,000 & & & \\ \hline \begin{tabular}{l} Subtotal Average \\ Cost \end{tabular} & 9,000 & 9.0000 & 81,000 & & & \\ \hline \begin{tabular}{l} Purchase - January \\ 10 \end{tabular} & 5,000 & 10.0000 & 50,000 & & & \\ \hline \begin{tabular}{l} Subtotal Average \\ Cost \end{tabular} & 14,000 & 9.6250 & 131,000 & & & \\ \hline Sale - January 12 & 2,000 & 9.6250 & 19,250 & & & \\ \hline \begin{tabular}{l} Subtotal Average \\ Cost \end{tabular} & 16,000 & 11.0000 & 150,250 & & & \\ \hline \begin{tabular}{l} Purchase - January \\ 18 \end{tabular} & 12,000 & 10.3125 & 123,750 & 8 & & \\ \hline \begin{tabular}{l} Subtotal Average \\ Cost \end{tabular} & 28,000 & 10.3125 & 274,000 & & & \\ \hline Sale - January 20 & 8,000 & & 0 & & - & \\ \hline Total & 36,000 & & $274,000 & 0 & & $ \\ \hline \end{tabular} Step by Step Solution
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