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PLEASE SHOW AND EXPLAIN YOUR WORK/FORMULAS Wildhorse Co.uses a periodic inventory system. Its records show the following for the month of April, with 23 units
PLEASE SHOW AND EXPLAIN YOUR WORK/FORMULAS
Wildhorse Co.uses a periodic inventory system. Its records show the following for the month of April, with 23 units on hand at April 30 April 1 12 16 Inventory Purchases Purchases Total Units 27 49 17 93 Unit Cost $7 12 10 Total Cost $189 588 170 947 Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas. (Round the weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answers to decimal places, eg. 5,275.) FIFO $ Weighted average $ 242 Ending Inventory Cost of Goods Sold $ $ 705 $ Prove the cost of goods sold calculations. (Round the average cost per unit to 2 decimal places, eg. 52.75 and final answers to O decimal places, eg. 5,275.) Check of Cost of Goods Sold (FIFO): Units Apr. 1 Unit Cost Total Cost $ $ $ $ Apr. 12 GA Weighted Average Check of Cost of Goods Sold: X $ per unit = $Step by Step Solution
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