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Pina Corporation opened a new store on January 1, 2021. During 2021, the first year of operations, the following purchases an of inventory were made:(PLEASE
Pina Corporation opened a new store on January 1, 2021. During 2021, the first year of operations, the following purchases an
Pina Corporation opened a new store on January 1, 2021. During 2021. the first year of operations, the following purchases and sales of inventory were made Purchases Sales Date Units Cost per unit Date Units Price per unit Jan. 5 11 $1,100 July 4 14 $2.100 June 11 11 1,300 Dec 29 33 2.100 Oct. 18 14 1,400 Dec. 20 18 1,650 Calculate the cost of goods available for sale and the number of units of ending inventory Cost of goods available for sale $ Number of units of ending inventory units Assume Pina uses weighted average periodic. Calculate the cost of ending inventory,cost of the goods sold, and gross profit. (Round the weighted average cost per unit to two decimal places, eg. 52.75 and final answers to decimal places, e.g. 5,275.) Ending inventory $ Cost of goods sold $ Gross profit $ Assume Pina uses weighted average perpetual Calculate the cost of ending inventory.cost of the goods sold, and gross proht. (Round the weighted average cost per unit to two decimal places, eg. 52.75 and final answers to decimal places, eg. 5,275.) Ending inventory $ Cost of goods sold $ Gross profit $ Prepare journal entries to record the December 20 purchase and the December 29 sale using (1) weighted average periodic and (2) weighted average perpetual. Assume both the sale and purchase were for cash. (Round final answers to decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (1) Weighted Average periodic Date Account Titles and Explanation Debit Credit Dec. 20 (To record cash purchase.) Dec. 29 (To record cash sale.) (2) Weighted Average perpetual (2) Weighted Average perpetual Date Account Titles and Explanation Debit Credit Dec. 20 I (To record cash purchase.) Dec. 29 (To record cash sales.) Dec 29 (To record cost of goods sold.) of inventory were made:(PLEASE ANSWER ALL THE PARTS)
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