Susan's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Susan's...
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Susan's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Susan's purchases of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Date Explanation Units Inventory 25 Purchases Purchases Sept. 5 Sept. 16 Sept. 29 Purchases Totals Sale Sale Sale 45 Totals 15 50 135 10 Additional data regarding Susan's sales of Xpert snowboards are provided below. Assume that Susan's uses a perpetual inventory system. 50 Unit Cost $50 60 Units Unit Price. $182 120 52 55 182 207 56 Total Cost $1,250 2,340 825 2,800 $7,215 Total Revenue $1,820 9,100 12,420 $23,340 Your answer is correct. Calculate moving average cost at Sept 1, 5, 12, 16, 19, 26 & 29. (Round answers to 2 decimal places, e.g. 1.25.) September 1 September 5 September 12 September 16 $ $ (a2) $ September 19 $ $ September 26 $ Your Answer September 29 $ eTextbook and Media Correct Answer (Used) The ending inventory 50 51.50 50 51.50 4 53.60 55.20 55.20 FIFO Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost. (Round average-cost per unit to 2 decimal places, eg. 12.50 and final answer to O decimal places, eg 1.250) 840 LIFO 775 Attempts: 1 of 3 used MOVING-AVERAGE COST $ 828 Your Answer Correct Answer (Used) Compute ending inventory at September 30 using FIFO, LIFO, and moving average cost. (Round average-cost per unit to 2 decimal places, eg. 12.50 and final answer to 0 decimal places, eg 1,250) The ending inventory $ (b) x Your answer is incorrect. Ending Inventory FIFO $ FIFO Ending Inventory LIFO $ 840 Periodic Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system. 560 LIFO 500 775 Perpetual 560 MOVING-AVERAGE COST 500 828 Susan's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Susan's purchases of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Date Explanation Units Inventory 25 Purchases Purchases Sept. 5 Sept. 16 Sept. 29 Purchases Totals Sale Sale Sale 45 Totals 15 50 135 10 Additional data regarding Susan's sales of Xpert snowboards are provided below. Assume that Susan's uses a perpetual inventory system. 50 Unit Cost $50 60 Units Unit Price. $182 120 52 55 182 207 56 Total Cost $1,250 2,340 825 2,800 $7,215 Total Revenue $1,820 9,100 12,420 $23,340 Your answer is correct. Calculate moving average cost at Sept 1, 5, 12, 16, 19, 26 & 29. (Round answers to 2 decimal places, e.g. 1.25.) September 1 September 5 September 12 September 16 $ $ (a2) $ September 19 $ $ September 26 $ Your Answer September 29 $ eTextbook and Media Correct Answer (Used) The ending inventory 50 51.50 50 51.50 4 53.60 55.20 55.20 FIFO Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost. (Round average-cost per unit to 2 decimal places, eg. 12.50 and final answer to O decimal places, eg 1.250) 840 LIFO 775 Attempts: 1 of 3 used MOVING-AVERAGE COST $ 828 Your Answer Correct Answer (Used) Compute ending inventory at September 30 using FIFO, LIFO, and moving average cost. (Round average-cost per unit to 2 decimal places, eg. 12.50 and final answer to 0 decimal places, eg 1,250) The ending inventory $ (b) x Your answer is incorrect. Ending Inventory FIFO $ FIFO Ending Inventory LIFO $ 840 Periodic Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system. 560 LIFO 500 775 Perpetual 560 MOVING-AVERAGE COST 500 828
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Computation of Moving Average Cost at September 1 5 12 16 19 26 and 29 Date Units Unit Cost Total Cost Moving Average Cost September 1 25 50 1250 50 September 5 10 5150 515 5075 September 12 45 52 234... View the full answer
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