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Empire Stores experienced a computer malfunction that accidently wiped out some of the inventory details for the month of January. Management was able to partially
Empire Stores experienced a computer malfunction that accidently wiped out some of the inventory details for the month of January. Management was able to partially reconstruct the following spreadsheet for the month of January inventory transactions: Empire uses the perpetual inventory system and the weighted average cost flow assumption for valuing inventory. All units sold in January were priced at $72.00/unit. (a) Calculate amounts for (a) through (P) to Assist Empire's management by completing the table. (Round calculations for cost per unit to 4 decimal places, e.g. 10.5264 and other answers to O decimal places, e.g. 61,052.) COGS Sales Date Jan 1 Units 8,100 Cost/Unit $26.70 Amount $216,270 Beginnig Inventory 3 Sale (7,300 ) (c) $26.70 13 Purchase 4,300 $29.10 $125,130 5,100 $ $146,490 17 Purchase 700 $34.10 $23,870 5,800 + (0) $170,360 27 Sale (3,600 ) 2,200 0 S64,619 $29.3724 $36.50 29 Purchase $91,250 4, 700 0 ) $155,869 31 Sale Os (m) 1,800 $33.1639 Totals
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