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Teat Mountain uses a periodic inventory system in April, 600 units were sold and the following additional information is available 4 Unit Cost $15.00 20.00 24.00 April 1 inventory April 15 purchase April 23 purchase April 30 inventory Units April cost of goods sold 250 400 350 1.000 Total Cost $3,750 8,000 8,400 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 2 decimal places, eg 15.25 and final answer to 0 decimal places, eg. 5,125) $20,150 8060 12090

Teat Mountain uses a periodic inventory system in April, 600 units were sold and the following additional information is available 4 Unit Cost $15.00 20.00 24.00 April 1 inventory April 15 purchase April 23 purchase April 30 inventory Units April cost of goods sold 250 400 350 1.000 Total Cost $3,750 8,000 8,400 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 2 decimal places, eg 15.25 and final answer to 0 decimal places, eg. 5,125) $20,150 8060 12090

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...
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Teat Mountain uses a periodic inventory system. In April, 600 units were sold and the following additional information is available Total Cost $3,750 April 1 inventory April 15 purchase April 23 purchase April 30 inventory Units 250 April cost of goods sold 400 350 1.000 Unit Cost $15.00 20.00 $ 24.00 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 2 decimal places, eg: 15.25 and final answer to 0 decimal places, eg. 5,125) 8,000 8,400 $20,150 8060 12090
Transcribed Image Text:Teat Mountain uses a periodic inventory system. In April, 600 units were sold and the following additional information is available Total Cost $3,750 April 1 inventory April 15 purchase April 23 purchase April 30 inventory Units 250 April cost of goods sold 400 350 1.000 Unit Cost $15.00 20.00 $ 24.00 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 2 decimal places, eg: 15.25 and final answer to 0 decimal places, eg. 5,125) 8,000 8,400 $20,150 8060 12090
Question Part Score Calculate the April 30 inventory and the April cost of goods sold using the FIFO cost formula April 30 inventory April cost of goods sold $
Transcribed Image Text:Question Part Score Calculate the April 30 inventory and the April cost of goods sold using the FIFO cost formula April 30 inventory April cost of goods sold $
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