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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 3 1 , 2 0 2 3 .
The Stilton Company has the following inventory and credit purchases during the fiscal year ended December
tableBeginning units @ $unitFeb units @ $unitAug units @ $unit
Stilton Company has two credit sales during the period. The units have a selling price of $ per unit.
tableSalesMarunitsSeptunits
Stilton Company uses a periodic inventory costing system.
Required:
Calculate the dollar value of cost of goods sold and ending inventory using: Round the "Weightedaverage cost" to decimal places. Round final answers to decimal places.
tableEnding Inventory,tableCost of GoodsSoldaFIFO,,bMoving weighted average,,
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