Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August...
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 12 units were purchased at $3 per unit. August 18 17 units were purchased at $5 per unit. August 29 14 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Homework Answers
| Total cost of goods available | 121 | =(12*3)+(17*5) |
| Divide by Total units available | 29 | =12+17 |
| Average cost per unit | 4.17 | |
| Units sold | 14 | |
| X Average cost per unit | 4.17 | |
| Cost of goods sold | 58.38 | or 58 |
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Marquis Company uses a weighted-average perpetual inventory
system and has the following purchases and sales: August...
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August...
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 August 18 17 units were purchased at $8 per unit. | 22 units were purchased at $10 per unit. 19 units were sold. August 29 What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice 0 $156.00 0 $173.47 0 $158.50 0 $356.00
Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales
Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales August 2 August 18 August 29 15 units were purchased at $6 per unit. 20 units were purchased at $8 per unit. 17 units were sold. 001350 What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice $121.38 $106.00 $160.00
Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales:...
Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales: August 2 August 18 August 29 0 19 units were purchased at $10 per unit. 24 units were purchased at $12 per unit. 21 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Marquis Company uses a weighted-average perpetual inventory system. August 2, 22 units were purchased at $3...
Marquis Company uses a weighted-average perpetual inventory system. August 2, 22 units were purchased at $3 per unit. August 18, 27 units were purchased at $5 per unit. August 29, 24 units were sold. What is the amount of the cost of goods sold for this sale?
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
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Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct....
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 340 units at $15 13 Sale 190 units 22 Purchase 350 units at $17 29 Sale 300 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase Round your answer to two decimal places. per unit b. Assuming a perpetual inventory system and using the weighted average method,...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 100 units @ $50.00 per unit 400 units @ $55.00 per unit 420 units @ $85.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units @ $60.00 per unit 200 units @ $62.00 per unit 160 units...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Acquired at Cost 60 units$50.20 per unit 205 units$55.20 per unit Activities Units Sold at Retail Date 1 Beginning inventory 5 Purchase 9 Sales Mar. Mar. 220 units@$85.20 per unit Mar. 65 units$60.20 per unit 110 units $62.20 per unit Mar. 18 Purchase Mar. 25 Purchase 90 units $95.20 per unit Mar. 29 Sales 440 units 310 units Totals 3. Compute...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 200 units @ $53.00 per unit 275 units@ $58.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 360 units @ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit 230 units @...
Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 9 units a...
Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 9 units at $11.00 per unit. August 18 Purchase 11 units at $15.00 per unit. August 29 Sale 18 units. August 31 Purchase 14 units at $14.00 per unit. What is the per-unit value of ending inventory on August 31? (Round your per unit answers to 2 decimal places.) Multiple Choice $13.20 $14.00 $13.90 $15.14 11.00
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 August 18 17 units were purchased at $8 per unit. | 22 units were purchased at $10 per unit. 19 units were sold. August 29 What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice 0 $156.00 0 $173.47 0 $158.50 0 $356.00
Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales August 2 August 18 August 29 15 units were purchased at $6 per unit. 20 units were purchased at $8 per unit. 17 units were sold. 001350 What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice $121.38 $106.00 $160.00
Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales: August 2 August 18 August 29 0 19 units were purchased at $10 per unit. 24 units were purchased at $12 per unit. 21 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 340 units at $15 13 Sale 190 units 22 Purchase 350 units at $17 29 Sale 300 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase Round your answer to two decimal places. per unit b. Assuming a perpetual inventory system and using the weighted average method,...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 100 units @ $50.00 per unit 400 units @ $55.00 per unit 420 units @ $85.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units @ $60.00 per unit 200 units @ $62.00 per unit 160 units...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Acquired at Cost 60 units$50.20 per unit 205 units$55.20 per unit Activities Units Sold at Retail Date 1 Beginning inventory 5 Purchase 9 Sales Mar. Mar. 220 units@$85.20 per unit Mar. 65 units$60.20 per unit 110 units $62.20 per unit Mar. 18 Purchase Mar. 25 Purchase 90 units $95.20 per unit Mar. 29 Sales 440 units 310 units Totals 3. Compute...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 200 units @ $53.00 per unit 275 units@ $58.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 360 units @ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit 230 units @...
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