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Oriole Company was formed on December 1, 2019. The following information is available from Oriole's inventory record for ProductX Units Unit Cost $21 2200 January
Oriole Company was formed on December 1, 2019. The following information is available from Oriole's inventory record for ProductX Units Unit Cost $21 2200 January 1, 2020 (beginning inventory) Purchases January 5, 2020 January 25, 2020 February 16, 2020 March 15, 2020 2700 2.400 1.300 2600 $23 $24 $25 $26 A physical inventory on March 31, 2020 shows 3,000 units on hand. Prepare schedules to compute the ending inventory at March 31, 2020, under weighted average method. (Round unit cost to 2 decimal places, eg. 52.75) Oriole Company COMPUTATION OF INVENTORY FOR PRODUCTX UNDER WEIGHTED-AVERAGE INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost Beginning inventory $ January 5, 2020 January 25, 2020 February 16, 2020 $ $ March 15 2020 March 31, 2020 inventory S Savetor Attempts of 1 used Submit
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