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The Stilton Company has the following inventory and credit purchases during the fiscal year ended Beginning Feb. 10 Aug. 21 619 units @ $78/unit 335
The Stilton Company has the following inventory and credit purchases during the fiscal year ended Beginning Feb. 10 Aug. 21 619 units @ $78/unit 335 units @ $75/unit 215 units @ $88/unit Stilton Company has two credit sales during the period. The units have a selling price of $138 per unit. Sales Mar. 15 415 units Sept. 10 320 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 "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold FIFO b Moving weighted average
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