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Question 3 , EF 6 - 1 8 ( similar to ) HW Score: 2 7 . 9 8 % , 2 . 5 2
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Solf Haven carries an inventory of putters and other golf clubs. The sales price of each putter is $ Company records indicate the following for a particular line of Golf Haven's putters:
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Read the requirements. cost of ending inventory and cost of goods sold for the month. inventory purchased, sold, and on hand at the end of the period.
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Requirements
Prepare Golf Haven's perpetual inventory record for the putters assuming Golf Haven uses the weightedaverage inventory costing method. Round weightedaverage cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost of ending inventory and cost of goods sold for the month.
Journalize Golf Haven's inventory transactions using the weightedaverage inventory costing method. Assume purchases and sales are made on account.
Data table
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