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The following transactions occurred for the month of May. Questions Q1 (0/23) Q2 (0/22) Q3 (0/23) Q4 [2/2] Grade: 2770 Date 1-May Beginning Balance 2-May
The following transactions occurred for the month of May. Questions Q1 (0/23) Q2 (0/22) Q3 (0/23) Q4 [2/2] Grade: 2770 Date 1-May Beginning Balance 2-May Purchase 3-May Purchase 10-May Sale 15-May Purchase 17-May Sale 30-May Sale Units Cost Total Sales Price 75 14 $1,050 70 10 $700 85 12 $1,020 115 $30 40 19 $760 50 $30 70 $30 Print Version Create a perpetual inventory record then calculate the cost of Goods Sold, Ending inventory, and Gross Profit for the month under Weighted Averages. HINT: Do NOT round the unit cost, meaning leave at 5 decimal places for all calculations. The only time you round is when you enter the numbers into MyOpen Math. Otherwise, ALL calculations should be completed with unrounded numbers. Do round total costs to the nearest cent on each transaction. Cost of Goods Sold Purchases Unit Dates Quantity Cost Total Cost Quantity Unit Cost Total Cost Quantity 332 PM 5/19/2020 02
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