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[The following information applies to the questions displayed below.] Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
[The following information applies to the questions displayed below.] Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 220 units @ $53.40/unit 285 units @ $58.40/unit Date Mar. 1 Mar. 5 Mar. 9 Mar. 18 Mar. 25 Mar. 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales 380 units @ $88.40/unit 145 units @ $63.40/unit 270 units @ $65.40/unit 250 units @ $98.40/unit | Totals 920 units 630 units value: 5.00 points Required: 1. Compute cost of goods available for sale and the number of units available for sale. (Omit the "$" sign in your response.) $ Cost of goods available for sale Number of units available for sale units value: 3.00 points 2. Compute the number of units in ending inventory. Ending inventory units value: 16.00 points 3. Compute the cost assigned to ending inventory using (a) FIFO,(b) weighted average cost, and (c) specific identification. For specific identification, the March 9 sale consisted of 125 units from beginning inventory and 255 units from the March 5 purchase; the March 29 sale consisted of 105 units from the March 18 purchase and 145 units from the March 25 purchase. (Due to rounding, the sum of Cost of Goods Sold and Ending inventory may not equal the Cost of Good available for sales. Round your per unit costs to 3 decimal places and inventory balances to the nearest dollar amount. Omit the "$" sign in your response.) Ending Inventory (a) FIFO $ (b) Weighted average cost $ (c) Specific identification $
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