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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. 535 units @ $90/unit Beginning Feb.
The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. 535 units @ $90/unit Beginning Feb. 1@ Aug. 21 275 units @ $87/unit 155 units @ $100/unit Stilton Company has two credit sales during the period. The units have a selling price of $150 per unit. Sales 355 units Mar. 15 Sept. 10 260 units Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold a. FIFO b Moving weighted average < Prev 5 of 10 Next > Save & Exit Submit Check my work 023 14C ^ & = 40) ENG
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