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anchurahtA252P0252freconnection.com/ Chapter 6 - Graded Homework #6 * 1 Help Save & Ex Subm The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 3 2020 2 Beginning Feb. 10 Aug. 21 563 units $94/unit 295 units 591/unit 175 units 5104/unit 10 Doints Stilton Company has two credit sales during the period. The units have a selling price of 5154 perunt Det ce Har 15 Sept. 10 Sales 375 units 200 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 calculation, Round "Average cost per unit to 2 decimal places. Round the final answers to 2 decimal pieces) FIFO Moving weighted average Ending Inventory Cast of Goods Solut 36.67300 610 5 36 250 205 BITISTS apter 6 - Graded Homework #6 Servo Help Save & Exk Submit b Moving weighted average 5 36,250.2015 61.715.75 2 ts 2. Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were specifically identified as follows ferences Mar. 15: 197 units from beginning Inventory 178 units from the February 10 purchase Sept. 10: 192 units from beginning inventory 29 units from the February 10 purchase 59 units from the August 21 purchase Ending Cost of Goods Inventory Sold 5 3542815 61,539 Specific Identification Chapter 6 -Graded Homework 6 Sever! Help Save 4 Exh Submit 2 3. Using information from your answers in Parts 1 and 2. journalize the credit purchase on February 10 and the credit sale on September 10 for each of .. FIFO 10 points View transaction list Pru Journal entry worksheet References Record the purchase of inventory on credit Noter Enter debits before credits Debit Credit General Journal Date February 10 Submit de Homework 160 Help Save & E b. Moving weighted average (Do not round intermediate calculations. Round "Average cost per unit 0 2 decimal places. Round the final answers to nearest whole dollar) 2 View transaction list 10 DO Journal entry worksheet Record the purchase of inventory on credit Notrebite before its General Josimal Debit Credit Datu February 10 We Recent Our View transaction ist N Journal entry worksheet