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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. 21 598 units
The Stilton Company has the following Inventory and credit purchases during the fiscal year ended December 31, 2020. Beginning Feb. 10 Aug. 21 598 units @ $81/unit 320 units @ $78/unit 200 units & $91/unit Stilton Company has two credit sales during the period. The units have a selling price of $141 per unit Sales Mar. 15 400 units Sept. 10 305 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 FIFO b. Moving weighted average
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