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Wildhorse Company uses a periodic inventory system. Its records show the following for the month of April, with 27 units on hand at April 30:
Wildhorse Company uses a periodic inventory system. Its records show the following for the month of April, with 27 units on hand at April 30:
Units | Unit Cost | Total Cost | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
April 1 | Inventory | 29 | $9 | $261 | |||||||||
12 | Purchases | 46 | 11 | 506 | |||||||||
16 | Purchases | 15 | 10 | 150 | |||||||||
Total | 90 | $917 |
please create same chart
Prove the cost of goods sold calculations. (Round the weighted average cost per unit to 2 decimal places, e.g. 52.75 and other answers to 0 decimal places, e.g. 5,275.) Weighted Average Check of Cost of Goods Sold: units $ per unit =$Step by Step Solution
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