Question

Exercise 6-17 (Part Level Submission) Linda's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Linda's purchases and sales of Xpert snowboards during September is shown below. During the same month, 217 Xpert snowboards were sold. Additional data regarding Linda's sales of Xpert snowboards are provided below. Linda's uses a perpetual inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 20 Explanation Units Inventory 47 Purchases 81 Purchases 36 Purchases Purchases 90 Totals 254 Unit Cost $99 103 108 112 Total Cost $ 4,653 8,343 3,888 10,080 $26,964 Date Sept. 5 Sept. 16 Sept. 29 Sale Sale Sale Totals Units 21 90 106 217 Unit Price $198 198 209 Total Cost $4,158 17,820 22,154 $44,132 v (a1) Calculate moving average cost at Sept 1, 5, 12, 16, 19, 26 & 29. (Round answers to 2 decimal places, e.g. 1.25.) September 15 September 5 si September 12 $ September 16 September 19 September 26 September 29 Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER

Answer 1

Solution:-

September 1	$	99
September 5	$	99
September 12	$	102.53
September 16	$	102.53
September 19	$	106.25
September 26	$	109.87
September 29	$	109.87

Explanation:-

September 12-

{(47-21) * 99} + (81 * 103)

= 2574 + 8343

= 10917

= 10917 / 107

= 102.53

September 19-

{107 - 90} * 102.53} + (36*108)

= 1743.01 + 3888

= 5631.01

= 5631.01 / 53

= 106.25

September 26-

(106.25 * 53) + (90*112)

= 5631.25 + 10080

= 15711.25

= 15711.25 / 143

= 109.87

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