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Dorothy's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Dorothy's purchases of Xpert snowboards during September is shown
Dorothy's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Dorothy's purchases of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 25 $66 $1,650 Sept. 12 Purchases 45 70 3,150 Sept. 19 Purchases 15 72 1,080 Sept. 26 Purchases 50 75 3,750 Totals 135 $9,630 Additional data regarding Dorothy's sales of Xpert snowboards are provided below. Assume that Dorothy's uses a perpetual inventory system. Date Units Unit Price Total Revenue Sept. 5 Sale 10 $190 $1,900 Sept. 16 Sale 50 190 9,500 Sept. 29 Sale 60 206 12,360 Totals 120 $23,760 (a1) Your answer is incorrect. Calculate moving average cost at Sept 1.5. 12. 16, 19, 26 & 29. (Round answers to 2 decimal places, eg. 125) September 1 $ September 5 S September 12 $ September 16 $ September 19 $ September 26 $ September 29 $
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