Homework Answers
As per policy, only one question is allowed to answer at a time, so answering Q 6.5 here:
6.5)
| 1: total goods available for sale: |
| Units: 110+300+550+500 = 1460 |
| Cost:770+1890+3355+3000 = 9015 |
| 2: number of units sold:80+130+670=880 |
| units remaining in ending inventory:1460-880=580 |
| 3: a) FIFO: |
| COGS :80*7+(30*7 + 100*6.30) + (200*6.30 + 470*6.10)=5527 |
| Ending Inventory = 80*6.10 +500*6 = 3488 |
| b) MWA: Total inventory cost available / Units available = 9015/1460 = 6.17 |
| COGS= 9015 - 3579 = 5436 |
| Ending Inventory = 580*6.17 = 3579 |
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need anawer for 6.7 exercise
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