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fill in the blanks Problem 6-18A Alternative cost flows-periodic L08 Synergy Company began 2020 with 21,500 units of Product X in its inventory that cost
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Problem 6-18A Alternative cost flows-periodic L08 Synergy Company began 2020 with 21,500 units of Product X in its inventory that cost $8.00 per unit, and it made successive purchases of the product as follows: Mar. 17 28,500 units @ $ 9.50 each May 25 33,500 units @ $11.50 each Aug 1 24,000 units @ $12.50 each Nov. 1% 33,58 units @ $14.00 each The company uses a periodic inventory system. On December 31, 2020, a physical count disclosed that 17,500 units of Product X remained in inventory. Required: 1. Calculate the number and total cost of the units available for sale during 2020. Number of units Total cost of the units tv 3 2. Prepare calculations showing the amounts that should be assigned to the 2020 ending inventory and to cost of goods sold, assuming: a. FIFO Total cost of the units for sale Less: Ending inventory on a FIFO basis Cost of units sold tv 2 MacBook Pro b. Weighted average cost basis. (Round the "Average cost per unit" answer to 2 decimal places.) Book Print Total cost of the units for sale Less: Ending inventory at weighted-average cost Cost of units sold rences RE tv > 3 > MacBook Pro Step by Step Solution
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