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Please help! How can I get the qty, unit cost Please explain how to get my answer Homework: Ch 6 Homework A-Graded Save 14 Score:

image text in transcribedPlease help! How can I get the qty, unit cost Please explain how to get my answer

Homework: Ch 6 Homework A-Graded Save 14 Score: 2.5 of 10 pts 4 of 9 (4 complete) HW Score: 35.42%, 34.36 of 97 pts 15 %x SF6-6 (similar to) D Assigned Media B Question Help 16 17 18 Washington Cycles started May with 5 bicycles that cost $48 each. On May 16, Washington purchased 30 bicycles at $55 each. On May 31, Washington sold 13 bicycles for $90 each. Requirements 1. Prepare Washington Cycle's perpetual inventory record assuming the company uses the weighted average inventory costing method. 2. Journalize the May 16 purchase of merchandise inventory on account and the May 31 sale of merchandise inventory on account. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (Abbreviation used: QTY = Quantity; Tot. = Total) Washington Cycles Purchases Cost of Goods Sold Inventory on Hand Date QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost May 1 5 $ 48 $ 240 30 $ 55 $ 1,650 35 $ 54 $ 1,890 May 31 13 $ 54 $ 702 19 May 16 20 knew that it had ep detailed 21 Enter any number in the edit fields and then click Check Answer. ? Slide 20 of 59 + 789 D 4 parts parts remaining Clear All Check Answer H Type here 3:27 PM 9/30/2020 20 1 Type here to search 4:49 PM 9/30/2020 99+ 20

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