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I have all info correct just cant find the boxes left blank under cost per unit. If possible could you include formula to find it
I have all info correct just cant find the boxes left blank under cost per unit. If possible could you include formula to find it as well. Thanks!
Exercise 8-17 (Algo) Average cost method; periodic and perpetual systems (LO8-1, 8-4] The following information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2021 6,300 units @ $11.80 Purchases: 9/7 4,200 units @ $11.60 9/25 19,500 units @ $12.20 Sales: 9/10 5,800 units 9/29 6. eee units 10,080 units were on hand at the end of September. Required: 1. Assuming that CNB uses a periodic inventory system and employs the average cost method, determine cost of goods sold for September and September's ending inventory. 2. Assuming that CNB uses a perpetual inventory system and employs the average cost method, determine cost of goods sold for September and September's ending inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming that CNB uses a perpetual inventory system and employs the average cost method, determine cost of goods sold for September and September's ending inventory. (Enter inventory reductions for sales with a minus sign. Round cost per unit to 2 decimal places.) Perpetual Average # of units sold Cost of Goods Sold Average Cost Cost of Goods per unit Sold Inventory on hand Cost per Inventory # of units unit Value 6.300 S 11.00 S 69,300 4,200 11.60 48.720 10.500 . 118.020 (5,000) 5.500 118.020 10.500 12.20 128.100 16.000 248,120 (6.000) 10.000 $ 248,120 5.000 $ 0.00 Beginning Inventory Purchase - September 7 Subtotal Average Cost Sale - September 10 Subtotal Average Cost Purchase - September 25 Subtotal Average Cost Sale - September 29 Total $ 0.00 6.000 11.000 0 0 SStep by Step Solution
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