The following is presented for Bumble company: Aug 01 Beginning Inventory 600 units @ $5 Aug 10 Sold 400 units @ 12 Aug 11 Purchased
The following is presented for Bumble company:
Aug 01 Beginning Inventory 600 units @ $5
Aug 10 Sold 400 units @ 12
Aug 11 Purchased 1,600 units @ 6
Aug 15 Sold 1,000 units @ 12.50
Aug 20 Purchased 1,000 units @ 6.50
Aug 27 Sold 600 units @3.50
Calculate: Ending inventory using Moving Average under the perpetual system.
Ending inventory using Weighted Average under the periodic system.
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Authors: John J. Wild, Vernon J. Richardson, Ken W. Shaw
2nd Edition
0077398173, 978-0077398170
