Homework Answers
| Date | Transactions | Units | Unit cost | Total cost |
| June 1 | Beginning Inventory | 200 | 12 | 2400 |
| June 15 | Purchase | 400 | 14 | 5600 |
| June 23 | Purchase | 400 | 15 | 6000 |
| 1000 | 14,000 | |||
| Weighted average cost per unit = 14000/1000 = $14 | ||||
| Ending inventory (400 X 14) | $5,600 | |||
| Cost of goods sold (600 X 14) | $8,400 | |||
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More & More Limited uses a periodic inventory system. On June 24, the company sold 600...
Pina Colada Limited uses a periodic inventory system. On June 24, the company sold 600 units....
Pina Colada Limited uses a periodic inventory system. On June 24, the company sold 600 units. The following additional information is available: Units Unit Cost Total Cost June 1 inventory 200 $12 $2,400 June 15 purchase 400 15 6,000 June 23 purchase 400 16 6,400 1,000 $14,800 Correct answer iconYour answer is correct. Calculate the June 30 inventory and the June cost of goods sold, using the weighted average cost formula. (Round weighted average cost per unit to 2 decimal...
Brief Exercise 8-4 Sweet Company uses a periodic inventory system. For April, when the company sold...
Brief Exercise 8-4
Sweet Company uses a periodic inventory system. For April, when the
company sold 650 units, the following information is
available.
Units
Unit Cost
Total Cost
April 1 inventory
310
$34
$ 10,540
April 15 purchase
420
41
17,220
April 23 purchase
270
44
11,880
1,000
$39,640
Calculate weighted average cost per unit. (Round
answer to 2 decimal places, e.g. 2.76.)
Weighted average cost per unit
$
LINK TO TEXT
Compute the April 30 inventory and the April...
Riverbed Company uses a periodic inventory system. For April, when the company sold 600 units, the...
Riverbed Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 270 $30 $ 8,100 April 15 purchase 440 36 15,840 April 23 purchase 290 39 11,310 1,000 $35,250 Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per unit $35.25 Compute the April 30 inventory and the April cost of goods sold using the...
Canali Corporation uses a perpetual inventory system. On November 19, the company sold 600 units. The...
Canali Corporation uses a perpetual inventory system. On November 19, the company sold 600 units. The following additional information is available: Nov. 1 inventory Nov. 15 purchase Nov. 23 purchase Unit Total Units Cost Cost 250 $12 $3,000 400 14 5,600 350 155,250 1,000 $13,850 (a) Collapse question part X Your answer is incorrect. Try agai.. Calculate the November 30 inventory and the November cost of goods sold, using the moving average cost formula. (Round unit cost to 2 decimal...
Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the...
Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 270 $16 $4,320 April 15 purchase 410 19 April 23 purchase 21 320 1,000 7.790 6,720 $18,830 Calculate weighted average cost per unit. (Round answer to 2 decimal places, es. 2.76) Weighted average cost per units Compute the April 30 inventory and the April cost of goods sold using the average-cost method....
Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the...
Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory $2,500 250 400 $10 12 April 15 purchase 4.800 April 23 purchase 350 1,000 4,550 $11,850 (a) Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per units e Textbook and Media Attempts: unlimited Save for Later Submit Answer The parts of this question...
Riverbed Company uses a periodic inventory system. For April, when the company sold 600 units, the...
Riverbed Company uses a periodic inventory system. For April,
when the company sold 600 units, the following information is
available.
Units
Unit Cost
Total Cost
April 1 inventory
270
$30
$ 8,100
April 15 purchase
440
36
15,840
April 23 purchase
290
39
11,310
1,000
$35,250
Calculate weighted average cost per unit. (Round
answer to 2 decimal places, e.g. 2.76.)
Weighted average cost per unit: $
Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the...
Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 280 $31 $8,680 April 15 purchase 450 37 16,650 April 23 purchase 270 40 10,800 1,000 $36,130 Your answer is correct. Calculate weighted average cost per unit. (Round answer to 2 decimal places, eg. 2.76) Weighted average cost per unit $ 36.13 eTextbook and Media X Your answer is incorrect. Compute the...
ignment CALCULAYOR ion). ompany uses a periodic inventory system. For April, when the company sold 450...
ignment CALCULAYOR ion). ompany uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 230 $12 $ 2,760 April 15 purchase 430 14 6,020 April 23 purchase 340 5,440 16 1,000 $14,220 Y(a) Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per unit $ LINK TO TEXT Attempts: 0 of 3 usi (0)
Novak Corp. uses the periodic inventory system and reports the following for the month of June....
Novak Corp. uses the periodic inventory system and reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 440 $4 $ 1,760 12 Purchase 880 8 7,040 23 Purchase 660 12 7,920 30 Inventory 220 Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost $8.44 Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to 0...
Brief Exercise 8-4
Sweet Company uses a periodic inventory system. For April, when the
company sold 650 units, the following information is
available.
Units
Unit Cost
Total Cost
April 1 inventory
310
$34
$ 10,540
April 15 purchase
420
41
17,220
April 23 purchase
270
44
11,880
1,000
$39,640
Calculate weighted average cost per unit. (Round
answer to 2 decimal places, e.g. 2.76.)
Weighted average cost per unit
$
LINK TO TEXT
Compute the April 30 inventory and the April...
Canali Corporation uses a perpetual inventory system. On November 19, the company sold 600 units. The following additional information is available: Nov. 1 inventory Nov. 15 purchase Nov. 23 purchase Unit Total Units Cost Cost 250 $12 $3,000 400 14 5,600 350 155,250 1,000 $13,850 (a) Collapse question part X Your answer is incorrect. Try agai.. Calculate the November 30 inventory and the November cost of goods sold, using the moving average cost formula. (Round unit cost to 2 decimal...
Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 270 $16 $4,320 April 15 purchase 410 19 April 23 purchase 21 320 1,000 7.790 6,720 $18,830 Calculate weighted average cost per unit. (Round answer to 2 decimal places, es. 2.76) Weighted average cost per units Compute the April 30 inventory and the April cost of goods sold using the average-cost method....
Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory $2,500 250 400 $10 12 April 15 purchase 4.800 April 23 purchase 350 1,000 4,550 $11,850 (a) Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per units e Textbook and Media Attempts: unlimited Save for Later Submit Answer The parts of this question...
Riverbed Company uses a periodic inventory system. For April,
when the company sold 600 units, the following information is
available.
Units
Unit Cost
Total Cost
April 1 inventory
270
$30
$ 8,100
April 15 purchase
440
36
15,840
April 23 purchase
290
39
11,310
1,000
$35,250
Calculate weighted average cost per unit. (Round
answer to 2 decimal places, e.g. 2.76.)
Weighted average cost per unit: $
Kingbird Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 280 $31 $8,680 April 15 purchase 450 37 16,650 April 23 purchase 270 40 10,800 1,000 $36,130 Your answer is correct. Calculate weighted average cost per unit. (Round answer to 2 decimal places, eg. 2.76) Weighted average cost per unit $ 36.13 eTextbook and Media X Your answer is incorrect. Compute the...
ignment CALCULAYOR ion). ompany uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 230 $12 $ 2,760 April 15 purchase 430 14 6,020 April 23 purchase 340 5,440 16 1,000 $14,220 Y(a) Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per unit $ LINK TO TEXT Attempts: 0 of 3 usi (0)
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