The company uses the perpetual inventory method. • I t began the month of March with 100 units of inventory, at a unit cost of $55. Purchases during March March 5, 60 units at $60 each. March 18, 200 units at $65 each March 29, 40 units at $75 each. Sales during March March 12, 60 units. • March 25, 210 units. All units were sold to customer for $100 each. W. 1. Use the following format to set up this inventory costing problem, Inventory Total Cost Date Units Cost per Date Units Total Cost Unit Beg Balance Units Cost Beginning Balance + Purchases Goods Available for Sale -Sold Ending Balance 2 Use the moving weighted average method to calculate the cost of goods sold for each sale. the lutal cost ol goods sold for the month, and ending inventory. 3. Assuming that the March 12 sale came from beginning inventory, and the March 25 sale was comprised of 25 units from beginning inventory, all 60 units of the March 5 purchase, and the remainder from the March 18 purchase, use speelfic Identification to the cost of goods sold for each sale, the total cost of goods sold for the month, and ending inventory.

The company uses the perpetual inventory method. • I t began the month of March with 100 units of inventory, at a unit cost of $55. Purchases during March March 5, 60 units at $60 each. March 18, 200 units at $65 each March 29, 40 units at $75 each. Sales during March March 12, 60 units. • March 25, 210 units. All units were sold to customer for $100 each. W. 1. Use the following format to set up this inventory costing problem, Inventory Total Cost Date Units Cost per Date Units Total Cost Unit Beg Balance Units Cost Beginning Balance + Purchases Goods Available for Sale -Sold Ending Balance 2 Use the moving weighted average method to calculate the cost of goods sold for each sale. the lutal cost ol goods sold for the month, and ending inventory. 3. Assuming that the March 12 sale came from beginning inventory, and the March 25 sale was comprised of 25 units from beginning inventory, all 60 units of the March 5 purchase, and the remainder from the March 18 purchase, use speelfic Identification to the cost of goods sold for each sale, the total cost of goods sold for the month, and ending inventory.

Name: The company uses the perpetual inventory method.It began the month of
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Description: The company uses the perpetual inventory method.It began the month of March with 100 units of inventory, at a unit cost of $55.Purchases during MarchMarch 5, 60 units at $60 each.March 18, 200 units at $65 eachMarch 29, 40 units at $75 each.Sales du

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.10AMCP

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