9 Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the following information iavailable.April 1 inventoryApril 15 purchaseApril 23 purchase(a1)Units2804502701,000Your answer is correct.Unit Cost$313740Weighted-average cost per unitTotal Cost$8,68016,65010,800$36,130Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)36.13SUPPORT Compute the April 30 inventory and the April cost of goods sold using the average-cost method.Ending inventoryCost of goods sold$

INVENTORY VALUATIONInventory Valuation is a Method of Calculation of Value of Inventory at the End…

Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the following information i available. April 1 inventory April 15 purchase April 23 purchase (a1) Units 280 450 270 1,000 Your answer is correct. Unit Cost $31 37 Weighted-average cost per unit 40 Total Cost $8,680 16,650 10,800 $36,130 Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) 36.13 SUPPORT

Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the following information i available. April 1 inventory April 15 purchase April 23 purchase (a1) Units 280 450 270 1,000 Your answer is correct. Unit Cost $31 37 Weighted-average cost per unit 40 Total Cost $8,680 16,650 10,800 $36,130 Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) 36.13 SUPPORT

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter6: Inventories

Section: Chapter Questions

Problem 23E: Retail method On the basis of the following data, estimate the cost of the inventory at June 30 by...

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