Answered step by step
Verified Expert Solution
Question
1 Approved Answer
just answer need Dumbledore Company is a merchandiser of small plush phoenix birds and has the following inventory data: Beg. inventory-Aug. 1 3,000 units at
just answer need
Dumbledore Company is a merchandiser of small plush phoenix birds and has the following inventory data: Beg. inventory-Aug. 1 3,000 units at $5 each Purchases -Aug. 15 8,000 units at $7 each At Aug. 31, the company sold 9,400 units on account at a sales price of $10 per plush phoenix. What is the company's cost of goods sold (COGS) under the LIFO method? Please enter your response with a dollar sign, no spaces, a comma and no decimals. For example, $1,200 Dumbledore Company is a merchandiser of small plush phoenix birds and has the following inventory data: Beg. inventory -Aug. 1 3,000 units at $5 each Purchases -Aug. 15 8,000 units at $ each At Aug. 31, the company sold 9,400 units on account at a sales price of $10 per plush phoenix. What is the company's cost of goods sold (COGS) under the Weighted Average method? Round your average cost per unit to two decimals. Then when entering your final answer, round to whole dollars. Please enter your response with a dollar sign, no spaces, a comma and no decimals. For example, $1,200Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started