DeForest Company had the following transactions for the month. Sales for the month are $85 per unit. Number of Units Cost per Unit Total $40 45 Beginning inventory Purchased Apr. 30 Purchased Aug. 15 Purchased Dec. 10 Totals (goods available) Ending inventory 500 $20,000 27,000 26,000 24,500 600 650 700 40 35 2,450 550 97,500 In the table below, calculate the dollar value for the period for each of the following items using the listed cost allocation methods and using periodic inventory updating. PLEASE NOTE: All dollar amounts will be rounded to whole dollars using "$" with commas as needed (i.e. $12,345). except for the Weighted Average cost per unit, which will be rounded to two decimal places and include "$" (i.e. $12,345.67). [HINT - You definitely will want to consider using this EXCEL spreadsheet Final Chapter10 #1 #2 Worksheets.xlsx to assist in your calculations.] Weighted average cost per unit = per unit.

DeForest Company had the following transactions for the month. Sales for the month are $85 per unit. Number of Units Cost per Unit Total $40 45 Beginning inventory Purchased Apr. 30 Purchased Aug. 15 Purchased Dec. 10 Totals (goods available) Ending inventory 500 $20,000 27,000 26,000 24,500 600 650 700 40 35 2,450 550 97,500 In the table below, calculate the dollar value for the period for each of the following items using the listed cost allocation methods and using periodic inventory updating. PLEASE NOTE: All dollar amounts will be rounded to whole dollars using "$" with commas as needed (i.e. $12,345). except for the Weighted Average cost per unit, which will be rounded to two decimal places and include "$" (i.e. $12,345.67). [HINT - You definitely will want to consider using this EXCEL spreadsheet Final Chapter10 #1 #2 Worksheets.xlsx to assist in your calculations.] Weighted average cost per unit = per unit.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 2PB: DeForest Company had the following transactions for the month. Calculate the ending inventory dollar...

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