Question
Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Delmotts purchases of Xpert snowboards during September. During the
Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Delmotts purchases of Xpert snowboards during September. During the same month, 124 Xpert snowboards were sold.
| Date | Explanation | Units | Unit Cost | Total Cost | ||||
| Sept. 1 | Inventory | 15 | $122 | $1,830 | ||||
| Sept. 12 | Purchases | 55 | 125 | 6,875 | ||||
| Sept. 19 | Purchases | 61 | 126 | 7,686 | ||||
| Sept. 26 | Purchases | 24 | 128 | 3,072 | ||||
| Totals | 155 | $19,463 |
Additional data regarding the companys sales of Xpert snowboards are provided below. Assume that Delmott uses a perpetual inventory system.
| Date | Units | |||
| Sept. 5 | Sale | 10 | ||
| Sept. 16 | Sale | 58 | ||
| Sept. 29 | Sale | 56 | ||
| Totals | 124 |
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
