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please help me on this. Thank you very mich! During the year, a company has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory
please help me on this. Thank you very mich!
During the year, a company has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul. 16 Purchase Oct. 6 Purchase Number of Units Unit Cost 40 $ 32 120 34 190 37 100 38 450 Total Cost $ 1,280 4,080 7,30 3,800 $16,190 For the entire year, the company sells 400 units of inventory for $50 each. Exercise 6-4B Part 3 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Ave per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Weighted Average Cost # of units Cost per Cost of Goods Available for # of units Sold unit Cost per Unit # of units in Ending Cost of Goods Sold Cost per unit Check my we LLULITE LI WIIU LE WRITTEN Required information Cost Weighted Average Cost # of units Cost per Cost of Goods Available for Sale unit # of units Sold Cost per Unit Cost of Goods Sold # of units in Ending Inventory Cost per unit Ending Inventory 40 $ 1,280 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 120 190 100 450 4,080 7.030 3,800 16,190 $ Sales revenue Gross profit Step by Step Solution
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