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Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December 3 1 , 2 0 2 3 . Beginning Inventory
Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December
Beginning Inventory units @ $ unit
March purchased units @ $ unit
March sold units @ $ unit
May purchased units @ $ unit
August purchased units @ $ unit
September sold units @ $ unit
Ontario Skateboard Company employs a perpetual inventory system.
Required:
Calculate the dollar value of ending inventory and cost of goods sold using: Do not round intermediate calculations. Round the final answers to decimal places. Round all weighted average unit costs to two decimal places.
Using your calculations from Part complete the following schedule: Do not round intermediate calculations. Round the final answers to decimal places. Round all weighted average unit costs to two decimal places.
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