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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. 6 (Ch. 6) 1 Saved Help Save

The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020.

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6 (Ch. 6) 1 Saved Help Save & Exit Subn The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning 584 units @ $83/unit Feb. 10 310 units @ $80/unit Aug. 21 190 units @ $93/unit Stilton Company has two credit sales during the period. The units have a selling price of $143 per unit. Sales Mar. 15 390 units Sept. 10 295 units Stilton Company uses a perpetual inventorysystem. 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 2. Calculate the dollar value of cost of anods sold and ending inventory Isina specific identification assuming the sales were ork 6 (Ch. 6) i Saved Help Save & Exit Submit b. Moving weighted average (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to nearest whole dollar.) View transaction list Journal entry worksheet ed 2 3 Record the purchase of inventory on credit. nices Note: Enter debits before credits. Date General Journal Debit Credit February 10 + Clear entry View general journal Record entry Saved Help Save & Exit Submit c. Specific identification View transaction list Journal entry worksheet 2 3 Record the purchase of inventory on credit. es Note: Enter debits before credits. Date General Journal Debit Credit February 10 + Record entry Clear entry View general journal

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