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I need help filling out this for 1, and the 3 answers to 2. and 3 please thank you Weighted Average Cost Method with Perpetual
I need help filling out this for 1, and the 3 answers to 2. and 3 please thank you
Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows: Number of Units Date Transaction Per Unit Total Jan 1 Inventory 7,500 5592,500 10 Purchase 22,500 2,002,500 158.00 1,777,500 3.750 156.00 592,500 Feb. 5 Sale 158.00 237.000 Purchase 54.000 91.50 4,911,000 Sale 27.000 1.536.000 28 25.500 168.00 7,284,000 Mat 5 Puruhase 25.000 95.50 4,207,500 30.000 168.00 5,0 10,000 25 Purchase 7.500 1,00 705.000 30 Sale 26250 165.00 4110.000 Required: 1. Reward the inventory burchases and cost of woods sold data anatual cord simulatione illoreld te the rest dollar Midninh Guiana Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5. using the weighted average cost method. Round unit cost to two decimal places, if necessary. Round all total cost am- the nearest dollar. Midnight Supplies Schedule of cost of Goods Sold Weighted Average Cost Method For the Three Months Ended March 31 Purchases Cost of Goods Sold Date Quantity Unit Cost Inventory Unit Cast Total Cost Quantity Unit Cost Total Cost Quantity Total Cost Bani 1 7,500 Jan. 10 22.500 89 2,00 2,500 30,000 Jan. 28 11,250 82.50 KS Jan. 30 3,750 82 Feb. 5 1,500 Feb. 10 54,000 91.50 Feb. 16 Feb. 28 Mar. 5 45,000 Mar. 14 Mar. 25 7,500 Mar. 30 Mar. 31 Balances 2. Detere the total sales the latal cost of goods sold, and the cost to fruttate for the period. Tetat cost of woods buld Gross pesit 3. Determine the ending a verdart Merch 31 All work Baved Email Instructor Save and E. Submit AssigninStep by Step Solution
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