{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T23:12:26-04:00", "answer_date": "2024-05-28 23:12:26", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1863841", "url": "\/study-help\/questions\/weighted-average-cost-flow-method-under-perpetual-inventory-system-the-1863841", "question_creation_date_js": "2024-05-28T23:12:26-04:00", "question_creation_date": "May 28, 2024 11:12 PM", "meta_title": "[Solved] Weighted average cost flow method under p | SolutionInn", "meta_description": "Answer of - Weighted average cost flow method under perpetual inventory system The following units of a particular item were avail | SolutionInn", "meta_keywords": "weighted,average,cost,flow,method,perpetual,inventory,system,units,item,sale,calendar", "question_title_h1": " Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year:", "question_title": " Weighted average cost flow method under perpetual inventory system The following", "question_title_for_js_snippet": "Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year Jan 1 Apr 19 June 30 Sept 2 4,000 units at $50 2,500 units Inventory Sale Purchase 4,500 units at $54 Sale 5,000 units Purchase Nov 15 2,000 units at $56 The firm uses the weighted average cost method with a perpetual inventory system Determine the cost of goods sold for each sale and the inventory balance after each sale Present the data in the form illustrated in Exhibit 5 Weighted Average Cost Flow Method Date Purchases Quantity Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Quantity Jan 1 Apr 19 June 30 Sept 2 Nov 15 Dec 31 Balances Cost of Goods Sold Unit Cost Cost of Goods Sold Inventory Total Cost Quantity Inventory Unit Cost Inventory Total Cost ", "question_description": "\"image", "transcribed_text": "Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year: Jan. 1 Apr. 19 June 30 Sept. 2 4,000 units at $50 2,500 units Inventory Sale Purchase 4,500 units at $54 Sale 5,000 units Purchase Nov. 15 2,000 units at $56 The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5. Weighted Average Cost Flow Method Date Purchases Quantity Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Quantity Jan. 1 Apr. 19 June 30 Sept. 2 Nov. 15 Dec. 31 Balances Cost of Goods Sold Unit Cost Cost of Goods Sold Inventory Total Cost Quantity Inventory Unit Cost Inventory Total Cost ==", "related_book": { "title": "International Accounting", "isbn": "978-0136111474, 0136111475", "edition": "7th Edition", "authors": "Frederick D. Choi, Gary K. Meek", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/127.jpg", "uri": "\/textbooks\/international-accounting-7th-edition-9780136111474", "see_more_uri": "" }, "free_related_book": { "isbn": "3642261051", "uri": "\/textbooks\/inetsec-2009-open-research-problems-in-network-security-ifip-wg-11-4-international-workshop-zurich-switzerland-april-2009-revised-selected-papers-2010th-edition-978-3642261053-236003", "name": "Inetsec 2009 Open Research Problems In Network Security Ifip Wg 11 4 International Workshop Zurich Switzerland April 2009 Revised Selected Papers", "edition": "2010th Edition" }, "question_posted": "2024-05-28 23:12:26", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/find-the-steady-state-expression-for-vo-in-the-circuit-361718", "description": "find the steady state expression for vo in the circuit fig 9.32 if ig = 500cos2000tmA 3) 9.32 Find the steady-state expression for u,, in the circuit of Fig. P9.32 if i = 500 cos 2000 mA. Figure...", "stars": 3 }, { "url": "\/why-do-you-suppose-that-the-coordination-of-the-various", "description": "Why do you suppose that the coordination of the various elements of the project is considered the most difficult aspect of project implementation?", "stars": 3 }, { "url": "\/iso-9000-refers-to-a-quality-management-system-what-is", "description": "ISO 9000 refers to a quality management system. What is the quality management system?", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/a-would-spearmans-rho-be-an-appropriate-summary-of-the-1983589", "description": "=+a) Would Spearmans rho be an appropriate summary of the strength of the association shown here?", "stars": 3 }, { "url": "\/situation-during-2010-one-of-the-customers-of-klote-company", "description": "Situation During 2010, one of the customers of Klote Company declared bankruptcy. 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