erstop Corporation sells ite A as part Its product Information the beginning inventory, purchases, sales of Item e given in the following table for the first six months of the current year. The company uses a perpetual inventory system: te nuary 1 (beginning inventory) nuary 24 bruary 8 rch 16 ne 11 uired: Purchases Number of Units Unit Cost Sales Number of Units Sales Price 560 $3.70 360 $5.20 660 $3.80 360 $5.20 660 $3.80 ompute the cost of ending inventory by using the weighted-average costing method. (Do not round intermediate calculations and nd the final answer to 2 decimal places.) Answer is complete and correct. ing inventory $ 4,396.400
erstop Corporation sells ite A as part Its product Information the beginning inventory, purchases, sales of Item e given in the following table for the first six months of the current year. The company uses a perpetual inventory system: te nuary 1 (beginning inventory) nuary 24 bruary 8 rch 16 ne 11 uired: Purchases Number of Units Unit Cost Sales Number of Units Sales Price 560 $3.70 360 $5.20 660 $3.80 360 $5.20 660 $3.80 ompute the cost of ending inventory by using the weighted-average costing method. (Do not round intermediate calculations and nd the final answer to 2 decimal places.) Answer is complete and correct. ing inventory $ 4,396.400
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 4CP: Golden Eagle Company began operations on April 1 by selling a single product. Data on purchases and...
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