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Number of Units Unit Cost Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Total Cost $ 2,484 6,432 10,404
Number of Units Unit Cost Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Total Cost $ 2,484 6,432 10,404 5,928 $25,248 SOG For the entire year, the company sells 440 units of inventory for $64 each. 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit Cost of Goods Available for Sale LIFO Ending Inventory Cost of Goods Sold Cost per Cost per unit # of units Cost of Goods Available for Sale of units Cost of Goods Sold Cost Ending per unit Inventory # of units unit Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 0 $ Sales revenue Gross profit 4 Number of Unit Coat $46 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Total Cost 51 6.432 10,000 $25,248 For the entire year, the company sells 440 units of inventory for $64 each. 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit to 4 decimal places and all other answers to the nearest whole number) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Cost of Goods Cost per # of units Available for # of units unit Sold Cost per Unit Cost of # of units Goods Solda ding Inventory Cost per unit Ending Inventory Sale 2484 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit 56 of 24 Next >
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