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e Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning Feb. 10 619 units @ $78/unit

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e Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning Feb. 10 619 units @ $78/unit 335 units @ $75/unit 215 units & $8B/unit Aug. 21 Stilton Company has two credit sales during the period. The units have a selling price of $138 per unit Sales Mar. 15 415 units Sept. 10 320 units Stilton Company uses a perpetual inventory system Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations, Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) FEO Moving wighted average Ending Inventory Cost of Goods Sold 35 3460075 56 902.00 34700753 57 566 25 Next > - Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were -pecifically identified as follows: Mar. 15: 221 units from beginning inventory 194 units from the February 10 purchase Sept. 10: 216 units from beginning inventory 37 units from the February 10 purchase 67 units from the August 21 purchase Ending Inventory Cost of Goods Sold Specific Identification 3. Using information from your answers in Parts and 2 oz the credit purchase on February 10 and the credit sale on 3. Using Information from your answers in Parts 1 and 2 journalize the credit purchase on February 10 and the credit sale on September 10 for each of O. FIFO View transaction ist Journal entry worksheet 1 Record the purchase of Inventory on credit Dut Debit Credit Next b. Moving weighted average (Do not round intermediate calculations. Round "Average cost per unit" to 2 decima the final answers to nearest whole dollar.) View transaction list Journal entry worksheet Note Enter debits before credits Date February 10 General Journal Debit Credit 102 HP Next > c. Specific identification View transaction list Journal entry worksheet Record the purchase of inventory on credit. flote: Enter debits before credits Date February 10 General Journal Debit Credit 1 of Next >

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