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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.
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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