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Given the following data, calculate the cost of goods sold using the average -...
Given the tollowing data, c cakulate the cost of goods sold using the average-cost method Round...
Given the tollowing data, c cakulate the cost of goods sold using the average-cost method Round average cost per unit calculations to two decimal places Round final answer to the nearest dollar Date Item Unit 5/10 109 Beginning inventory 60 units at $10 per unit Purchase of inventory 20 units at $30 per unit Purchase of inventory 20 units at $22 per uni g inventory 28 units O A $1.181 OB. S1.443 O C. $4217 O D. $1,640
Given the following data, calculate the cost of goods sold using the average−cost method. Round average...
Given the following data, calculate the cost of goods sold using the average−cost method. Round average cost per unit calculations to two decimal places. Round final answer to the nearest dollar. Date Item Unit 1/1 Beginning inventory 70 units at $20 per unit 5/10 Purchase of inventory 10 units at $20 per unit 10/9 Purchase of inventory 10 units at $ 32 per unit 12/31 Ending inventory 38 units
Given the following data, calculate cost of goods sold using the FIFO costing method Date Item...
Given the following data, calculate cost of goods sold using the FIFO costing method Date Item Unit 2/25 5/20 8/15 10/17 12/31 Beginning inventory Purchase of inventory Purchase of inventory Purchase of inventory Purchase of inventory Ending inventory 28 units at $12 per unit 14 units at $13 per unit 30 units at $10 per unit 5 units at $12 per unit 8 units at $15 per unit 16 units OA. $740 OB. $788 OC. $1,040 OD, $928
Given the following data, calculate the cost of goods sold for the 04/15 sale using the...
Given the following data, calculate the cost of goods sold for the 04/15 sale using the weighted average method for a perpetual inventory system, rounding to the nearest dollar. 1/1 Beginning inventory 50 units at $10 per unit 3/5 Purchases 30 units at $14 per unit 4/15 Sale 20 units at $30 per unit 5/30 Purchases 25 units at $15 per unit 10/25 Purchases 20 units at $16 per unit 11/15 Sale 60 units at $32 per unit 12/31 Ending...
Given the following data, calculate the cost of ending inventory using the FIFO costing method: 1/1...
Given the following data, calculate the cost of ending inventory using the FIFO costing method: 1/1 Beginning inventory 45 units at $10 per unit 2/25 Purchases 40 units at $12 per unit 6/15 Purchases 30 units at $13 per unit 9/20 Purchases 25 units at $14 per unit 12/31 Ending inventory 40 units O A. $560 OB. $480 O c. $400 OD. $545
Periodic inventory by three methods; cost of goods sold The units of an item available for...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 40 units at $106 Mar. 10 Purchase 70 units at $116 Aug. 30 Purchase 20 units at $124 Dec. 12 Purchase 70 units at $126 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of...
calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average...
calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, eg. 5.25 and final answers to decimal places, eg. 5,250.) Cost of Goods Sold Units Cost Total Date Apr-01 Purchases Units Cost Total Beginning Inventory 27 $13 $351 Apr-15 Apr-15 59 $15 $885 Apr-20 30 $ Apr 28 50 Apr-23 $800 $16 Question 3 of 3 < A -/15 Apr-20 30 Apr-23 50 $16 $800 65 Apr-28...
Periodic inventory by three methods; cost of goods sold The units of an item available for...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $122 Mar. 10 Purchase 70 units at $134 Aug. 30 Purchase 10 units at $140 Dec. 12 Purchase 70 units at $142 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of...
Periodic inventory by three methods; cost of goods sold The units of an item available for...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Mar. 10 Jan. 1 Inventory 50 units at $116 Purchase 70 units at $128 Aug. 30 Purchase 10 units at $134 70 units at $136 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by...
Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross...
Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic Weighted Average Answer Units Date Transaction 1-Jan Beginning Inventory 28-Mar Purchase 22-Aug Purchase 14-Oct Purchase Unit Cost $60 $66 $70 Total Cost $600 $1,320 $1,400 $1,900 $5,220 $76 The Company sold 45 Units for $100 each on October 28. (Dollars) Beginning Inventory Purchases Cost of Goods Available for Sale Gross Sales COGS Gross Profit Ending Inventory, Sales
Given the tollowing data, c cakulate the cost of goods sold using the average-cost method Round average cost per unit calculations to two decimal places Round final answer to the nearest dollar Date Item Unit 5/10 109 Beginning inventory 60 units at $10 per unit Purchase of inventory 20 units at $30 per unit Purchase of inventory 20 units at $22 per uni g inventory 28 units O A $1.181 OB. S1.443 O C. $4217 O D. $1,640
Given the following data, calculate cost of goods sold using the FIFO costing method Date Item Unit 2/25 5/20 8/15 10/17 12/31 Beginning inventory Purchase of inventory Purchase of inventory Purchase of inventory Purchase of inventory Ending inventory 28 units at $12 per unit 14 units at $13 per unit 30 units at $10 per unit 5 units at $12 per unit 8 units at $15 per unit 16 units OA. $740 OB. $788 OC. $1,040 OD, $928
Given the following data, calculate the cost of goods sold for the 04/15 sale using the weighted average method for a perpetual inventory system, rounding to the nearest dollar. 1/1 Beginning inventory 50 units at $10 per unit 3/5 Purchases 30 units at $14 per unit 4/15 Sale 20 units at $30 per unit 5/30 Purchases 25 units at $15 per unit 10/25 Purchases 20 units at $16 per unit 11/15 Sale 60 units at $32 per unit 12/31 Ending...
Given the following data, calculate the cost of ending inventory using the FIFO costing method: 1/1 Beginning inventory 45 units at $10 per unit 2/25 Purchases 40 units at $12 per unit 6/15 Purchases 30 units at $13 per unit 9/20 Purchases 25 units at $14 per unit 12/31 Ending inventory 40 units O A. $560 OB. $480 O c. $400 OD. $545
calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, eg. 5.25 and final answers to decimal places, eg. 5,250.) Cost of Goods Sold Units Cost Total Date Apr-01 Purchases Units Cost Total Beginning Inventory 27 $13 $351 Apr-15 Apr-15 59 $15 $885 Apr-20 30 $ Apr 28 50 Apr-23 $800 $16 Question 3 of 3 < A -/15 Apr-20 30 Apr-23 50 $16 $800 65 Apr-28...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Mar. 10 Jan. 1 Inventory 50 units at $116 Purchase 70 units at $128 Aug. 30 Purchase 10 units at $134 70 units at $136 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by...
Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic Weighted Average Answer Units Date Transaction 1-Jan Beginning Inventory 28-Mar Purchase 22-Aug Purchase 14-Oct Purchase Unit Cost $60 $66 $70 Total Cost $600 $1,320 $1,400 $1,900 $5,220 $76 The Company sold 45 Units for $100 each on October 28. (Dollars) Beginning Inventory Purchases Cost of Goods Available for Sale Gross Sales COGS Gross Profit Ending Inventory, Sales
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