Question
Teal Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Units Unit Cost Total Cost
Teal Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 310 $20 $ 6,200 April 15 purchase 390 24 9,360 April 23 purchase 300 26 7,800 1,000 $23,360 Collapse question part (a) Correct answer. Your answer is correct. Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per unit $Entry field with correct answer 23.36 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION LINK TO TEXT Attempts: 1 of 10 used Collapse question part (b) Incorrect answer. Your answer is incorrect. Try again. Compute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 2,760.) Ending inventory $Entry field with incorrect answer 23.36 Cost of goods sold $Entry field with incorrect answer 23.36 Click if you would like to Show Work for this question: Open Show Work
Brief Exercise 8-4 (Part Level Submission) Teal Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Units Unit Cost 310 $20 April 1 inventory April 15 purchase April 23 purchase Total Cost $ 6,200 9,360 7,800 390 24 300 26 1,000 $23,360 (a) Your answer is correct. Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per unit 23.36 Click if you would like to Show Work for this question: Open Show Work (b) x] Your answer is incorrect. Try again. Compute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 2,760.) Ending inventory 23.36 Cost of goods sold 23.36 Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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