Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need for all the dates Average Cont Sold Cost Chi Tinsley Associates provided the following information regarding swertory for the current year is second year

need for all the dates
image text in transcribed
image text in transcribed
Average Cont Sold Cost Chi Tinsley Associates provided the following information regarding swertory for the current year is second year of operations Chich the icon to view the information Requirement Compte Tisley ending story and cost of goods sold under ache the following cost-fow metods assuming that the company uses a perpetuirventory system (round your answer for cost per unit o lo decimal por 2. Moving Average IFO UFO Mouver UNE Purchased Unit Cumulative Total Cumulative Transaction Cost Units Cost Per Unit Beregnventory 8.000 $ 14.00 1,000 $ 112,000 112,000 14.00 Purchase Fatwy 27.000 23.00 $25,000 733,000 2014 Puchos - March 15 18300 28.00 512,400 1.245.400 2337 Sa. 2 150.000 23:37 3.300 (1.168.500 76.50 23.30 Purchase. Apr 30 30.00 33.00 42.800 1,303.500 1.380.460 3225 Pure My 15 11,200 3400 54.000 300,00 1.6.200 3261 Seber 22.000 12.619 31.000 (0.00) 32.00 chan November 35,000 66.000 1.120.000 2,101.170 3229 35.000 53,300 1.01.17 Under the average cool method. Chrystal clofending story $ 2.131.170 and the cost of goods sold for hele 18.30 Requirement. Comune Cive They nang mentory and cost of goods to under the comfow nenodantung to the company is a perpetual Inventory system (When ringer for at der er de Fontfrenewal on the routine and so on CCS Cost of Goode sol . COS Unite Unit Total Unite per Inventory Transaction Parchased Cost Cost Sold Unit COS Balance Beginning with Data table und Sales in Transaction Units Units Unit Cost Total Cost 8,000 $ 14 $ 112,000 Beginning inventory 1/1 Purchases February 8 23 27,000 18,300 March 15 621,000 512,400 28 Subtotal 53,300 $ 1,245,400 Units Sold - April 2 at $42 April 30 50,000 33 39,500 11,200 1,303,500 380,800 34 104,000 July 15 Subtotal Units Sold - September 1 at $46 November 9 $ 2,929,700 23,000 35,000 32 1,120,000 Total available for sale $ 4,049,700 Total units sold 139,000 (73,000) 66,000 Ending inventory h. (When Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategy, Value And RiskThe Real Options Approach

Authors: J. Rogers

2nd Edition

0230577377, 9780230577374

More Books

Students also viewed these Accounting questions