A company's inventory records show the following data for Date July 1 July 5 July 10 July 20 July 25 July 1 Activities Beginning inventory Purchase Sale Purchase Sale Date Goods purchased Number of Cost per units unit Units Acquired at Cost 100 units @ $72= $7,200 50 units @ $75 - $3,750 200 units @ $50 If the company uses the weighted average method and the perpetual inventory system, what would be the cost of its ending inventory? 50 at $ 75.00 225 units @ $77 = $17,325 Number of units sold Units Sold at Retail Cost of Goods Sold Cost per unit 75 units @ $50 Cost of Goods Sold Number of units Inventory Balance Cost per unit Inventory Balance 7,200.00 100 at S 100 at $ 72.00 = 72.00- $ 7,200.00
A company's inventory records show the following data for Date July 1 July 5 July 10 July 20 July 25 July 1 Activities Beginning inventory Purchase Sale Purchase Sale Date Goods purchased Number of Cost per units unit Units Acquired at Cost 100 units @ $72= $7,200 50 units @ $75 - $3,750 200 units @ $50 If the company uses the weighted average method and the perpetual inventory system, what would be the cost of its ending inventory? 50 at $ 75.00 225 units @ $77 = $17,325 Number of units sold Units Sold at Retail Cost of Goods Sold Cost per unit 75 units @ $50 Cost of Goods Sold Number of units Inventory Balance Cost per unit Inventory Balance 7,200.00 100 at S 100 at $ 72.00 = 72.00- $ 7,200.00
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 4PEB: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
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