Question
Triplex Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of that product are
Triplex Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of that product are identical (homogenous). The opening balance unit price is $10 per unit. Complete the following schedule to calculate the value of ending inventory using the weighted-average cost method under the perpetual inventory system. Then calculate the cost of goods sold for the year 2021. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Value Jan 3 100 $Answer 1000 Feb 17 39 $11.00 139 $Answer 1 Mar 6 40 $13.00 179 $Answer Apr 12 37 $10.89 142 $Answer Jul 6 14 $15.00 156 $Answer Sep 25 10 $11.26 146 $Answer Nov 29 14 $11.26 132 $Answer Required Calculate the cost of goods sold. Cost of Goods Sold = $Answer 33.41
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