Vipul k Don't upload any image please The following information relates to Wildhorse Kitchen Ltd.'s inventory transactions during the month of March.Mar. 1 Beginning inventory71216182729SalePurchasePurchaseSalePurchaseSaleUnits9,6006,4004,0001,2804,0006,4005,600All of the units sold were priced at $65 per unit.Cost/Unit$18.00$19.80$19.80Amount$172,800$79,200$25,344$25.00 $160,000 (a2)Wildhorse Kitchen Ltd. uses the perpetual inventory system.Calculate Wildhorse Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using weighted-average. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g. 61,052.)Cost of goods sold $Gross marginEnding inventoryLA

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Description: Vipul k Don't upload any image please The following information relates to Wildhorse Kitchen Ltd.'s inventory transactions during the month of March.Mar. 1 Beginning inventory71216182729SalePurchasePurchaseSalePurchaseSaleUnits9,6006,4004,0001,2804,0

Gross margin is the amount of profit earned by the entity after deducting cost of goods sold from…

Business

Accounting

The following information relates to Wildhorse Kitchen Ltd's inventory transactions during the month of March. Mar. 1 7 12 18 27 Beginning inventory 16 Purchase 29 Sale Purchase Sale Purchase Sale Units Cost/Unit $18.00 9,600 6,400 4,000 1,280 4,000 6,400 5,600 All of the units sold were priced at $65 per unit. $19.80 $19.80 Amount $172,800 $79,200 $25,344 $25.00 $160,000

The following information relates to Wildhorse Kitchen Ltd's inventory transactions during the month of March. Mar. 1 7 12 18 27 Beginning inventory 16 Purchase 29 Sale Purchase Sale Purchase Sale Units Cost/Unit $18.00 9,600 6,400 4,000 1,280 4,000 6,400 5,600 All of the units sold were priced at $65 per unit. $19.80 $19.80 Amount $172,800 $79,200 $25,344 $25.00 $160,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 7MCQ

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