Question
On November1 st , the beginning inventory of the 200g steak showed 85 pieces on hand at a total cost of $561.75. Purchases of this
On November1st, the beginning inventory of the 200g steak showed 85 pieces on hand at a total cost of $561.75. Purchases of this item during the month of November were as follow knowing that 20 pieces are by case
November 6th: 3 cases at a price of $139/case
November 10th: 2 cases at a price of $132/case
November 20th: 4 cases at a price of $133.8/case
October 25th: 3 cases at a price $129/case
In addition to the previous information, the following quantities are requested during the following days:
November 4th: 50 pieces
November 8th: 45 pieces
November 10th: 50 pieces
November 15th: 35 pieces
November 24th: 28 pieces
November 28th: 85 pieces
Determine the total cost of requisition as well as the ending inventory value based on the Weighted-Average Pricing Method
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