Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

X Final Exam-Version B- 40% E X + problem solving Below is rays company for electrical services, there purchases and sales are noted below Date

image text in transcribed

X Final Exam-Version B- 40% E X + problem solving Below is rays company for electrical services, there purchases and sales are noted below Date Purchase Number of units Cost per unit Total Cost Jan 1 beginning 85 $12.00 $1020 March 14 purchase 90 $13.00 $1170 July 30 purchase 500 $14.00 $7000 October 4 purchase 450 $15.00 $6750 Units available 1125 Cost of Goods $15940 The company makes sales in the following dates Date Sale Number of units Jan 10 sale 65 units March 15 sale 40 units Oct 15 sale 350 units Total 450 units 905 The company makes sales in the following dates using special identification method Date Number of unit Jan 10 65 units from the beginning inventory March 15 15 from the beginning inventory 30 units from the March 14 purchase Oct 15 50 units from March 14 purchase 350 units from Oct 4 purchase Total Compute the cost of inventory using weighted average method-perpetual 7 points stream(type the number only, round to 2 decimal places) * Your answer 3 M N DLE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Commercial Energy Auditing Reference Handbook

Authors: Steve Doty

3rd Edition

1498769268, 978-1498769266

More Books

Students also viewed these Accounting questions

Question

Explain the various techniques of Management Development.

Answered: 1 week ago

Question

Explain basic guidelines for effective multicultural communication.

Answered: 1 week ago

Question

Identify communication barriers and describe ways to remove them.

Answered: 1 week ago

Question

Explain the communication process.

Answered: 1 week ago