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Units Cost per unit Begin Inventory 100 12 Jan 5 Sale 50 10 Purchase 70 16 15 Sale 25 25 Sale 35 Prepare a schedule
Units Cost per unit Begin Inventory 100 12 Jan 5 Sale 50 10 Purchase 70 16 15 Sale 25 25 Sale 35 Prepare a schedule to show the cost of goods sold and ending inventory using the moving weighted average method of costing rounding calculations to two decimals. Date Sales Units Balance Units Purchases Units Cost Total per unit cost Beg Inv 100 12 1200 Cost per unit Total cost Cost Total per unit cost Jan 01 100 12 1200 Jan 5 50 12 600 50 12 600 10 70 16 1120 120 14.33 1720 15 25 14.33 358.25 95 14.33 1361.35 25 35 14.33 501.55 60 14.33 859.8
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