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Current Attempt in Progress Carla Vista Company uses a perpetual inventory system. The company began 2 0 2 4 with 1 , 1 0 0
Current Attempt in Progress
Carla Vista Company uses a perpetual inventory system. The company began with lamps in inventory at a cost of $ per
unit. During Carla Vista had the following purchases and sales of lamps:
All purchases and sales are on account.
a
Your answer is correct.
Calculate the cost of goods sold and ending inventory using weighted average. Round the weighted average cost per unit to decimal
places, eg and final answers to decimal places, eg
Weighted Average
Cost of goods sold $
Ending inventory $
b
Prepare journal entries to record the June purchase and the October sale. Credit account titles are automatically indented
when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the
amounts. Round the average cost per unit to decimal places, eg and final answers to decimal places, eg List all debit
entries before credit entries.
Date Account Titles
Debit
Credit
June
Oct.
To record sales on account.
Oct.
To record cost of goods sold.
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