Jose Zorilla uses a perpetual inventory system. During April, he sold 700 units, (270 units on April 20 and 430 units on April 28). The following other information is available: Units Unit Cost 250 $12.20 April 1 inventory April 15 purchase April 23 purchase 400 Total Cost $3.050.00 6,600.00 5,075.00 16:50 350 14.50 1,000 $14,725.00 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula (Round the weighted average cost per unit to 3 decimal places, es. 5.275 and final answers to 2 decimal places, es, 5,275.25.) Activate Wind - Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 3 decimal places, es- 5.275 and final answers to 2 decimal places, eg. 5,275.25.) April 30 inventory $ April cost of goods sold $ Calculate the April 30 inventory and the April cost of goods sold using the FIFO cost formula. April 30 inventory April cost of goods sold ctivo Win - /20 III Prepare the journal entry to record the April 15 purchase assuming the company uses the FIFO method of inventory. All purchases are on credit. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Apr. 15 Debit Merchandise Inventory Credit 6600 Accounts Payable 6600 Prepare the journal entries to record the sale of units on April 28 for a total of $10,208, assuming the company uses the weighted average cost method. All sales are credit sales. (Round final answers to 2 decimal places, eg. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) - /20 Prepare the journal entries to record the sale of units on April 28 for a total of $10.208, assuming the company uses the weighted average cost method. All sales are credit sales. (Round final answers to 2 decimal places, 28. 5.275.25. Credit account tities are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts.) Date Account Titles and Explanation Debit Apr. 28 Credit Accounts Receivable Sales (To record credit sale) Apr. 28 Cost of Goods Sold Merchandise Inventory (To record cost of goods)
