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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning Feb. 10 Aug. 211 584
The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning Feb. 10 Aug. 211 584 units $83/unit 310 units @ $80/unit 198 units @ $93/unit Stilton Company has two credit sales during the period. The units have a selling price of $143 per unit. Mar. 15 Sales 396 units Sept. 10 295 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.) a FIFO Ending Inventory Cost of Goods Sold < Prev 3 of 10 Next >
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