Explanation Units Unit Cost Total Cost Sept. 1 Inventory 28 $97 $ 2,716 Sept. 12 Purchases 45 102 4,590 Sept. 19 Purchases 20 104 2,080 Sept. 26 Purchases 50
Explanation Units Unit Cost Total Cost Sept. 1 Inventory 28 $97 $ 2,716 Sept. 12 Purchases 45 102 4,590 Sept. 19 Purchases 20 104 2,080 Sept. 26 Purchases 50
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter6: Inventories
Section: Chapter Questions
Problem 4BE: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
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Maria’s Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Maria’s purchases of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold. Maria’s uses a periodic inventory system.
Date
|
Explanation
|
Units
|
Unit Cost
|
Total Cost
|
||||
---|---|---|---|---|---|---|---|---|
Sept. 1
|
Inventory
|
28
|
$97
|
$ 2,716
|
||||
Sept. 12
|
Purchases
|
45
|
102
|
4,590
|
||||
Sept. 19
|
Purchases
|
20
|
104
|
2,080
|
||||
Sept. 26
|
Purchases
|
50
|
105
|
5,250
|
||||
Totals
|
143
|
$14,636
|
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