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Sunland Company uses the weighted average cost formula in a perpetual inventory system. Fill in the missing amounts for items (a) through (k) in the
Sunland Company uses the weighted average cost formula in a perpetual inventory system. Fill in the missing amounts for items (a) through (k) in the following perpetual inventory record: (Round cost per unit to 2 decimal places, e.g. 52.25 and other answers to 0 decimal places, e.g. 5,125.)
Purchases | Cost Of Goods Sold | Inventory Balance | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Date | Units | Cost | Total | Units | Cost | Total | Units | Cost | Total | ||||||||||
June 1 | Beginning Inventory | ||||||||||||||||||
560 | $25.50 | $14,280 | 560 | $25.50 | $14,280 | ||||||||||||||
7 | 840 | $22.00 | $18,480 | (a) enter a number of units rounded to 0 decimal places | (b) $enter a dollar amount rounded to 2 decimal places | (c) $enter a dollar amount rounded to 0 decimal places | |||||||||||||
18 | 700 | (d) $enter a dollar amount rounded to 2 decimal places | (e) $enter a dollar amount rounded to 0 decimal places | (f) enter a number of units rounded to 0 decimal places | (g) $enter a dollar amount rounded to 2 decimal places | (h) $enter a dollar amount rounded to 0 decimal places | |||||||||||||
26 | 700 | $20.80 | $14,560 | (i) enter a number of units rounded to 0 decimal places | (j) $enter a dollar amount rounded to 2 decimal places | (k) $enter a dollar amount rounded to 0 decimal places |
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