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The answers with the green check marks are correct. However, I need help with the boxes with the Red X Weighted Average Cost Method with
The answers with the green check marks are correct. However, I need help with the boxes with the Red "X"
Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows: Number of Units Date Transaction Per Unit Total Jan. 1 Inventory 7,400 $70.00 10 Purchase 22,200 80.00 $518,000 1,776,000 1,554,000 28 Sale 11,100 140.00 30 Sale 3,700 140.00 518,000 Feb. 5 Sale 140.00 207,200 4,395,600 10 Purchase 82.50 1,480 53,280 26,640 25,160 16 Sale 150.00 3,996,000 28 Sale 150.00 3,774,000 3,751,800 Mar. 5 Purchase 44,400 84.50 14 Sale 150.00 29,600 7,400 25 Purchase 85.00 4,440,000 629,000 3,885,000 30 Sale 25,900 150.00 Required: Purchase Unit Cost Quantity Total Cont Quantity Unitat Jan. 1 Jan. 10 22,200 80.00 1,776,000 Jan. 28 11,100 77.50 860,250 Jan. 30 3,700 77.50 286,750 Feb. 5 1,480 77.50 114,700 Feb, 10 53,280 82.50 4,395,600 Feb. 16 26,640 81.50 2,171,160 Feb. 28 25,160 31.50 2,050,540 Mars 44,400 7 84.50 3,751,800 Mar 14 29,600 83.75 2,479,000 Mar. 25 7,400 85.00 629,000 Mar 30 25,900 83.75 X 2,169,125 Mar. 31 Balances 10,131,525 BOL Coat of Goods Sold Unit Cost Inventory Unit Cast al Cost Quantity Total Cout Total Cont Quantity 7,400 70.00 518,000 16,000 29,600 77.50 2,294,000 11,100 77.50 860,250 18,500 77.50 1,433,750 3,700 77.50 286,750 14,800 > 77.50 1,147,000 1,480 77.50 114,700 13,320 77.50 1,032,300 395,600 66,600 81.50 5,427,900 26,640 81.50 2,171,160 39,960 81.50 3,256,740 25,160 81.50 2,050,540 14,800 81.50 7 Step by Step Solution
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