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Problem 6-2A Alternative cost flows-perpetual LO2 The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023.
Problem 6-2A Alternative cost flows-perpetual LO2 The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023. Beginning 577 units @ $84/unit Feb. 10 Aug. 21 305 units 185 units $81/unit $94/unit Stilton Company has two credit sales during the period. The units have a selling price of $144 per unit. Sales Mar. 15 385 units Sept. 10 290 units Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) Answer is complete but not entirely correct. Cost of Goods Ending Inventory Sold a FIFO $ 34,157.00 $ 56,406.00 b. Moving weighted 1$ 33,684.56 $ 56,843.90 x average
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