Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Effective Communications

Authors: Elearn

1st Edition

1138456136, 9781138456136

More Books

Students also viewed these Accounting questions

Question

How would you describe Mark Zuckerberg as a team leader?

Answered: 1 week ago