Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help = Homework: Chapter 10 Exercises Question 2, E10-3 (simil... Part 1 of 30 HW Score: 0%, 0 of 13 points O Points: 0

please help
image text in transcribed
image text in transcribed
= Homework: Chapter 10 Exercises Question 2, E10-3 (simil... Part 1 of 30 HW Score: 0%, 0 of 13 points O Points: 0 of 3 Save Zoola, Inc provided the following information regatang its inventory for the current year, its socond year of operations the won to view the information) Requirement Corpu Zooka's ending wontory and cost of goods sold under nach of the following cost-ow methods assuming that the company unes a perpetual inventory system (round your answer for cost per unit to Me decimal places 2. Moving Average b. FIFO CLIFO - Requirementa. Comexto Zoo's ending inventory and cost of goods sold under the moving average com fow method assuming a perpetua invertory wstem (round your answer for cost per unit to todom place) Begin by entering Zook's purchase and sale ansactions in chronological order online at a time, calculating a new moving average cost per un to every transaction ( Uamus in partes for bold or for a reduction in cost. Round your answer for colper unit to two decimal places) Moving average Units Average Purchased Unit Cumulative Total Cumulative Cost Transaction (Sold Cost Units Cost Cost Per Unit inging in mbal Uses a perpetual inventory system Data table and m (round Transaction Units Unit Cost ction ar cog 3,300 $ 17.30 transactic 16.10 16.20 Unit Cost 17.70 Beginning inventory 1/1 Purchases, January 23 Purchases, February 14 Purchases, March 17 Units sold - April 13 at $27 Purchases, May 5 Purchases, July 4 Units sold - October 31 at $24 Purchases, November 22 4,200 1,000 2,200 9,400 5,900 3,300 8,200 1,200 15.40 16.20 15.90 Ask CI Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting International Edition

Authors: Jeffrey Waybright, Robert Kemp

1st Edition

0137067798, 978-0137067794

More Books

Students also viewed these Accounting questions

Question

=+1. Which of the given are Actions and which are States of Nature?

Answered: 1 week ago

Question

Conduct an effective performance feedback session. page 376

Answered: 1 week ago