Question
Using the following 2 tables, answer the next four questions (Assuming Periodic Method). Table of Inventory Purchases Date Units Unit Cost Total cost Beginning Inventory
Using the following 2 tables, answer the next four questions (Assuming Periodic Method).
Table of Inventory Purchases
Date Units Unit Cost Total cost
Beginning Inventory 10 $3 $30
February 3 5 4 20
April 10 15 5 75
June 12 12 7 84
August 20 20 8 160
Total 62 units 369 Total Cost
Sales
Date Units Identified Units Price Total
March 5 February 5 $6 $30
May 2 April 10 6 60
July 4 June 2 10 20
September 1 June 8 10 80
25units $190Total
Determine the ending inventory under the weighted-average method. a. $190 c. $249 b. $220 d. $369
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Fundamentals Of Cost Accounting
Authors: Michael W Maher, William N. Lanen, Madhav V. Rajan
1st Edition
0073018376, 978-0073018379
