Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Part 1 Your answer is partially correct. Calculate moving average cost at Sept 1, 5, 12, 16, 19,26 & 29. (Round answers to 2 decimal
Part 1 Your answer is partially correct. Calculate moving average cost at Sept 1, 5, 12, 16, 19,26 & 29. (Round answers to 2 decimal places, e.g. 1.25.) September 1 $ 99 September 5 $ 99 September 12 $ September 16 $ September 19 $ September 26 $ September 29 $ Pronghorn's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Pronghorn's purchases and sales of Xpert snowboards during September is shown below. During the same month, 158 Xpert snowboards were sold. Additional data regarding Pronghorn's sales of Xpert snowboards are provided below. Assume that Pronghorn's uses a perpetual inventory system. Date Units Unit Cost $99 34 Explanation Inventory Purchases Purchases Purchases Sept. 1 Sept. 12 Sept. 19 Sept. 26 104 59 26 65 Total Cost $ 3.366 6,136 2,808 7,215 $19,525 108 111 Totals 184 Unit Price $199 Sale Date Sept. 5 Sept. 16 Sept. 29 Total Revenue $3,184 12,935 16,093 $32,212 Units 16 65 77 158 Sale Sale Totals 199 209
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started