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I need help with these for questions, thank you. Given the following: Cost per unit $ 3 January 1 inventory April 1 June 1 November
I need help with these for questions, thank you.
Given the following: Cost per unit $ 3 January 1 inventory April 1 June 1 November 1 Number purchased 35 55 45 50 185 MONE Total $ 105 330 315 400 $1,150 a. Calculate the cost of ending inventory using the weighted average method (ending inventory shows 56 units). (Do not round intermediate calculations. Round your final answer to the nearest cent.) Cost of ending inventory b. Calculate the cost of goods sold using the weighted-average method. (Use your rounded answer from Part a. Round your final answer to the nearest cent.) Cost of goods sold Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 43 63 53 58 217 Cost per unit $4 7 8 9 Total $ 172 441 424 522 $1,559 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 64 units). Cost of ending inventory b. Calculate the cost of goods sold using the FIFO (ending inventory shows 64 units). Cost of goods soldStep by Step Solution
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