Question
The Ludwig Inc company has the following purchases and sales during the year ended December 31, 2014 Inventory and Purchases Beginning 300 units $62/unit
The Ludwig Inc company has the following purchases and sales during the year ended December 31, 2014 Inventory and Purchases Beginning 300 units $62/unit January 2 200 units @ $58/unit May 29 100 units $60/uni Sales April 15: 200 units August 12: 200 units The units have a selling price of $00.00 per unit a) Givon that Ludwig Inc employs a perpetual inventory system, calculate the cost of goods available for sale and the number of units available for sale, as well as the units remaining in ending inventory Cost of goods available for sale Units available for sale Usts remaining in ending inventory b) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross profit earned by Ludwig Inc using the weighted average system Calculate weighted average cost per unit of merchandise inventory to the nearest cont Cost of Goods Sold Ending Invertory Gross Profit Weighted Average
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