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how do I find the gross profit using the weighted method.? ACC113Spring 2018CRN1051 Homework: Chapter 6 Homework Score: 0.94 of 1 pt 1 of 2(1
how do I find the gross profit using the weighted method.?
ACC113Spring 2018CRN1051 Homework: Chapter 6 Homework Score: 0.94 of 1 pt 1 of 2(1 complete) (%) P633B (book/static) Exercise World began January with merchandise inventory of 90 crates of vitamins that cost a total of $5850 During the month, Exercise World purch EEB (Click the icon to view the transactions) Read the requirements Begin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted-average inventory costing method Enter the all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and amounts to the nearest dollar) Purchases Cost of Goods Sold Inventory on Hand Unit Total UnitTotal Total Unit Date Quantity Cost Cost Quantity Cs CostQuantity Cost Cost Jan. 1 90 S65.00 5,850 220 $ 71 50 S 15,730 80 $71 50 S5,720 250 S81.36 S 20,340 70 S81.36 S 5,695 $5,695 5 130 s 7600 9880 13 18 26 140 $ 71.50 $ 10,010 170 $ 8600 14,620 180 $ 81 36 14.645 7O 81 36 S 5 695 Totals 300 $ 24,500 320 $24,655 70 Determine the company's gross profit using the weighted-average inventory costing method. Gross profit is $ Enter any number in the edit fields and then click Check Answer using the weighted-average inventory costing met nart
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