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Need help with chart [The following information applies to the questions displayed below.] Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose
Need help with chart
[The following information applies to the questions displayed below.] Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system. Unit Cost $ 195 Total Cost $ 3,988 215 Date Transactions March 1 Beginning inventory March 5 Sale ($290 each) March 9 Purchase March 17 Sale ($340 each) March 22 Purchase March 27 Sale ($365 each) March 30 Purchase Units 20 15 10 8 10 12 7 2,150 225 2,250 245 1,715 $19, 015 For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase. Problem 6-2A Part 4 4. Using weighted average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods soldStep by Step Solution
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