please avoid answers in image thank you The following transactions occurred for the month of May.Units Cost Total Sales Price$80014 $91012 $1,020Date1-May Beginning Balance 80 102-May Purchase653-May Purchase8510-May Sale15-May Purchase17-May Sale30-May Sale12035 45 7515 $525$35$35$35Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the monthunder Weighted Averages. Do not round the unit cost. Do round total costs to thenearest cent on each transaction.End of the month totalsCost of Goods Sold $Ending InventoryGross Profit

The choice of inventory valuation method can have a significant impact on a company's financial…

The following transactions occurred for the month of May. Units Cost Total Sales Price Date 1-May Beginning Balance 80 10 $800 2-May Purchase 65 14 $910 3-May Purchase 85 12 $1,020 10-May Sale 120 15-May Purchase 17-May Sale 30-May Sale 35 15 45 75 $525 $35 $35 $35 Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under Weighted Averages. Do not round the unit cost. Do round total costs to the nearest cent on each transaction. End of the month totals Cost of Goods Sold $ Ending Inventory $ Gross Profit $

The following transactions occurred for the month of May. Units Cost Total Sales Price Date 1-May Beginning Balance 80 10 $800 2-May Purchase 65 14 $910 3-May Purchase 85 12 $1,020 10-May Sale 120 15-May Purchase 17-May Sale 30-May Sale 35 15 45 75 $525 $35 $35 $35 Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under Weighted Averages. Do not round the unit cost. Do round total costs to the nearest cent on each transaction. End of the month totals Cost of Goods Sold $ Ending Inventory $ Gross Profit $

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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