Question
Show Your Calculations in the space available: SlickCo, a 20X1 start-up that uses the periodic method and weighted-average costing, makes the following merchandise purchases: 20X1
Show Your Calculations in the space available:
SlickCo, a 20X1 start-up that uses the periodic method and weighted-average costing, makes the following merchandise purchases:
| 20X1 | Units | Unit cost |
| March | 450 | $3.00 |
| August | 650 | $3.50 |
| 20X2 |
|
|
| February | 550 | $4.00 |
| October | 250 | $5.00 |
At the end of 20X1, there are 350 units in ending inventory. If, in 20X2, SlickCo sells 800 units, what is the 20X2 cost of goods?
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Energy Audits A Workbook For Energy Management In Buildings
Authors: Tarik Al-Shemmeri
1st Edition
0470656085, 978-0470656082
