Question
Gulf haven carries an inventory of putters and other golf clubs. The sales price of each putter is $151. Company records indicate the following for
Gulf haven carries an inventory of putters and other golf clubs. The sales price of each putter is $151. Company records indicate the following for a particular line of Golf Haven putters: Requirement 1. Prepare Golf Haven perpetual inventory record for the putters assuming Golf Haven uses the weighted-average inventory costing method. Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost of ending inventory and cost of goods sold for the month
Jun. 1 Balance 17 $68
6 Sale 7
8 Purchase 20 74
17 Sale 20
30 Sale 6
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