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Using the information below select the correct answer to the question assuming the Moving Weight Average method is used to assign inventory costs. Round to
Using the information below select the correct answer to the question assuming the Moving Weight Average method is used to assign inventory costs. Round to 2 decimals. Maybe Not Co. uses a perpetual inventory system and has the following purchases and sales during the fiscal year ended December 31, 2018: 25 units Beginning inventory Jan. 15 Purchased Jun. 21 Purchased $12.00/unit $7.50/unit 25 units 35 units $6.50/unit Oct. 5 Purchased 30 units $6.00/unit Lara & Co. made sales on the following dates at a selling price of $20/unit. Feb. 10 Sold 35 units Dec, 30 Sold 45 units The specific units sold are the entire beginning inventory, 10 units from the Jan 15th purchase, 25 units from Jun. 21 and 20 from Oct. 5th purchase. What is the average cost assigned to the units sold on February 10, 2018. Choose.... What is the total dollar amount of goods available for sale? Choose . What is the average cost assigned to the units sold on February 10, 2018. Choose... 35 $7.78 $9.75 5895 115 $358.75 $595 $42710 SOM What is the total dollar amount of goods available for sale? What is the total # of units available for sale. What are the #units remaining in ending inventory? What is the gross margin (profit) amount on the February 10, 2018 sale? Choose
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