You have the following information for Marigold Corp. for the month ended October 31, 2022. Marigold uses a periodic method for inventory. Unit Cost or Selling Price Date Description Beginning inventory Units Oct. 1 55 $26 Oct. 9 Purchase 140 28 Oct. 11 Sale 100 45 Oct. 17 Purchase 100 29 Oct. 22 Sale 55 50 Oct. 25 Purchase 65 31 Oct. 29 Sale 110 50
You have the following information for Marigold Corp. for the month ended October 31, 2022. Marigold uses a periodic method for inventory. Unit Cost or Selling Price Date Description Beginning inventory Units Oct. 1 55 $26 Oct. 9 Purchase 140 28 Oct. 11 Sale 100 45 Oct. 17 Purchase 100 29 Oct. 22 Sale 55 50 Oct. 25 Purchase 65 31 Oct. 29 Sale 110 50
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 17MCQ: ( Appendix 6B) Refer to the information for Morgan Inc. above. If Morgan uses a periodic inventory...
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Give me the weighted average cost per unit and average-cost for ending inventory, cost of goods sold, and gross profit.
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