Weighted average cost = Total cost/Total units
= 1015/100
= 10.15
Fifo | lifo | average cost | |
Ending inventory (21 units) |
(21*11) = 231 |
(21*9) = 189 |
(21*10.15) = 213 |
Exercise 6-05 Pina Colada Corp. uses a periodic inventory system. Its records show the following for...
Exercise 6-05 Ayayai Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 69 units were sold. Units Unit Cost Date May 1 32 15 Explanation Inventory Purchase Purchase Total Total Cost $256 225 430 $911 24 Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit costs LINK TO TEXT LINK TO VIDEO Calculate the ending inventory at May 31 using the FIFO, LIFO...
Exercise 6-05 Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold. Units Unit Cost Date May 1 Explanation Inventory Purchase Purchase Total Total Cost $306 260 440 $1,006 24 Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost. LINK TO TEXT LINK TO VIDEO Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost...
Flint Corporation uses a periodic inventory system. Its records show the following for the month of May, in which 79 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 15 Purchase - 34 - 24 - 42 100 $9 10 11 $306 240 462 $1,008 24 Purchase Total Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ Calculate the ending inventory at May 31 using the FIFO, LIFO...
Riverbed Corp uses a periodic inventory system. Its records show the following for the month of May, in which 75 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $8 $272 15 Purchase 26 9 234 24 Purchase 40 10 400 Total 100 $906 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round...
Grouper Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold Date Explanation Units Unit Cost Total Cost $324 May 1 Inventory $9 15 Purchase 2210220 Purchase 42 11 462 Total $1,006 Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to...
Pearl Industries uses a periodic inventory system. Its records show the following for the month of May, in which 76 units were sold. Explanation Units Date Unit Cost Total Cost $9 $324 May 1 Inventory 36 Purchase 240 15 24 10 Purchase 24 40 11 440 $1,004 Total 100 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) $ Weighted-average unit cost eTextbook and Media Calculate the ending inventory at May 31 using the FIFO, LIFO...
Cullumber Company uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $9 $306 15 Purchase 26 10 260 24 Purchase 40 11 440 Total 100 $1,006 Incorrect answer iconYour answer is incorrect. Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ Calculate the ending inventory at May 31 using...
Culver Corporation periodic inventory system. Its records show the following for the month of May, in which 76 units were sold uses a Date Explanation Units Unit Cost Total Cost May1 Inventory 15 Purchase 24 Purchase 30 27 37 94 $9 $270 270 407 947 10 Tota Calculate the weighted-average unit cost. (Round answer to 3 decimal places, eg. 5.125) Weighted-average unit cost$ 10.07 Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers...
Headlands Industries uses a periodic inventory system. Its records show the following for the month of May, in which 77 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $10 $340 15 Purchase 26 11 286 24 Purchase 40 12 480 Total 100 $1,106 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $Enter the Weighted-average unit cost in dollars LINK TO TEXT LINK TO VIDEO Calculate the...
Ivanhoe Company uses a periodic inventory system. Its records show the following for the month of May, in which 70 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 30 $ 10 $ 300 15 Purchase 25 11 275 24 Purchase 38 12 456 Total 93 $ 1,031 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers...