Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the data table is the only thing they provided me with im not sure because they only provided the date table which I provided already.
the data table is the only thing they provided me with
im not sure because they only provided the date table which I provided already. what should i do?
Western Imports provided the following information regarding its inventory for the current year, its second year of operations. Click the icon to view the information.) Requirement Compute Western's ending inventory and cost of goods sold under each of the following cost-flow assumptions assuming a perpetual inventory system. (Round your answer for cost per unit to two decimal places.) a. Moving Average b. FIFO C. LIFO Requirement a. Compute Western's ending Inventory and cost of goods sold under the moving average cost-flow assumption assuming a perpetual inventory system. Begin by entering Western's purchase and sale transactions in chronological order one line at a time, calculating a new moving average cost per unit after every transaction. (Use a minus sign or parentheses for units sold or for a reduction in cost. Round your answer for cost per unit to two decimal places.) Moving-average: Units Average Purchased Unit Cumulative Total Cumulative Cost Transaction (Sold) Cost Units Cost Cost Per Unit Beginning inventory Sales in Units Units Unit Cost Total Cost 37,000 $ 4.00 $ 148,000 Transaction Beginning intentory January 1 Purchases February 8 46,000 4.10 March 15 4.50 99,000 68,000 188,600 445,500 312,800 April 10 4.60 Subtotal 250,000 $ 1,094,900 154,000 Units sold April 22 at $10 May 9 4.80 86,000 26,000 412,800 132,600 June 19 5.10 Subtotal 362,000 $ 1,640,300 Units sold August 11 at $11 September 20 119,000 21,000 5.20 109,200 Ontahar 20 AO 5.10 Subtotal 250,000 $ 1,094,900 154,000 Units sold April 22 at $10 May 9 4.80 86,000 26,000 412,800 132,600 June 19 5.10 362,000 $ 1,640,300 Subtotal Units sold August 11 at $11 September 20 119,000 5.20 109,200 October 30 21,000 46,000 10,000 5.40 248,400 55,000 November 17 5.50 Subtotal 439,000 $ 2,052,900 Units sold December 21 at $13 Total available for sale 22,000 439,000 (295,000) Total units sold Ending inventory 144,000 Be Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started