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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
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 $71.00/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 0 decimal places, e.g. 61,052.) Date Units Jan 1 Beginnig Inventory 3 Sale Cost/Unit 8,700 $29.90 (7,300) (c) $29.90 13 Purchase 4,400 $32.20 5,800 $ 17 Purchase 700 6,500 27 Sale 13,300) 3.200 29 Purchase 31 Sale Totals $37.20 (e) Amount $260,130 $141,680 $183,540 $26,040 $209,580 $32.2431 $103,178 $39.80 $99,500 $202,678 5,700 (k) 2,700 $35.5574 $ (d) (u)
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