Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales
August 2 August 18 August 29 15 units were purchased at $6 per unit. 20 units were purchased at $8 per unit. 17 units were sold. 001350
What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Multiple Choice
$121.38
$106.00
$160.00
Homework Answers
August 2, purchases : 15 u X $6 = $90
August 18, purchases : 20u X $8= $160
Total value = $250 for 35 units
Per unit value = $250 / 35 = $7.14 per unit
No. Of units sold = 17
Cost of goods sold = $7.14 X 17 units = $121.38
Option A. $121.38
Add Answer to:
Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August...
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 August 18 17 units were purchased at $8 per unit. | 22 units were purchased at $10 per unit. 19 units were sold. August 29 What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice 0 $156.00 0 $173.47 0 $158.50 0 $356.00
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August...
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 12 units were purchased at $3 per unit. August 18 17 units were purchased at $5 per unit. August 29 14 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales:...
Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales: August 2 August 18 August 29 0 19 units were purchased at $10 per unit. 24 units were purchased at $12 per unit. 21 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Marquis Company uses a weighted-average perpetual inventory system. August 2, 22 units were purchased at $3...
Marquis Company uses a weighted-average perpetual inventory system. August 2, 22 units were purchased at $3 per unit. August 18, 27 units were purchased at $5 per unit. August 29, 24 units were sold. What is the amount of the cost of goods sold for this sale?
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 100 units @ $50.00 per unit 400 units @ $55.00 per unit 420 units @ $85.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units @ $60.00 per unit 200 units @ $62.00 per unit 160 units...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Acquired at Cost 60 units$50.20 per unit 205 units$55.20 per unit Activities Units Sold at Retail Date 1 Beginning inventory 5 Purchase 9 Sales Mar. Mar. 220 units@$85.20 per unit Mar. 65 units$60.20 per unit 110 units $62.20 per unit Mar. 18 Purchase Mar. 25 Purchase 90 units $95.20 per unit Mar. 29 Sales 440 units 310 units Totals 3. Compute...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 220 units @ $53.40 per unit Mar. 5 Purchase 285 units @ $58.40 per unit Mar. 9 Sales 380 units @ $88.40 per unit Mar. 18 Purchase 145 units @ $63.40 per unit Mar. 25 Purchase 270 units @ $65.40 per unit Mar. 29 Sales 250 units @...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 200 units @ $53.00 per unit 275 units@ $58.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 360 units @ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit 230 units @...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 220 units @ $53.40 per unit Mar. 5 Purchase 285 units @ $58.40 per unit Mar. 9 Sales 380 units @ $88.40 per unit Mar. 18 Purchase 145 units @ $63.40 per unit Mar. 25 Purchase 270 units @ $65.40 per unit Mar. 29 Sales 250 units @...
Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 9 units a...
Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 9 units at $11.00 per unit. August 18 Purchase 11 units at $15.00 per unit. August 29 Sale 18 units. August 31 Purchase 14 units at $14.00 per unit. What is the per-unit value of ending inventory on August 31? (Round your per unit answers to 2 decimal places.) Multiple Choice $13.20 $14.00 $13.90 $15.14 11.00
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 August 18 17 units were purchased at $8 per unit. | 22 units were purchased at $10 per unit. 19 units were sold. August 29 What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice 0 $156.00 0 $173.47 0 $158.50 0 $356.00
Marquis Company uses a weighted average perpetual inventory system and has the following purchases and sales: August 2 August 18 August 29 0 19 units were purchased at $10 per unit. 24 units were purchased at $12 per unit. 21 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 100 units @ $50.00 per unit 400 units @ $55.00 per unit 420 units @ $85.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units @ $60.00 per unit 200 units @ $62.00 per unit 160 units...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Acquired at Cost 60 units$50.20 per unit 205 units$55.20 per unit Activities Units Sold at Retail Date 1 Beginning inventory 5 Purchase 9 Sales Mar. Mar. 220 units@$85.20 per unit Mar. 65 units$60.20 per unit 110 units $62.20 per unit Mar. 18 Purchase Mar. 25 Purchase 90 units $95.20 per unit Mar. 29 Sales 440 units 310 units Totals 3. Compute...
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 200 units @ $53.00 per unit 275 units@ $58.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 360 units @ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit 230 units @...
Most questions answered within 3 hours.
-
Two electrons are initially at rest separated by a distance of
2nm. At time t=0, they...
asked 2 minutes ago -
Magnesium and nitrogen react in a combination reaction to
produce magnesium nitride. 3 Mg + N2...
asked 4 minutes ago -
A martial artist is practicing breaking 5 boards. He is able to
break aboard with probability...
asked 9 minutes ago -
The rate constant of a first-order reaction is 2.95 × 10−4 s−1
at 350.° C. If...
asked 12 minutes ago -
implement a class called PiggyBank that will be used to
represent a collection of coins. Functionality...
asked 3 minutes ago -
2. Use the following information in the table to answer the
following questions. (Numbers are in...
asked 9 minutes ago -
The fuel economy of a 2011 Lexus RX 350 2wd 6 cylinder 3.5 L
automatic 5...
asked 17 minutes ago -
i.
the synthesized compund 2-bromo-butanal i have a IR peak at about
3200 and one at...
asked 17 minutes ago -
A
752 mL sample of water was placed in a 1000 gram pan of aluminum.
The...
asked 29 minutes ago -
1.In the context of chelation, what does binding strength mean?
What happens at the molecular level...
asked 21 minutes ago -
Describe two obstacles that makes fixing atmospheric nitrogen
difficult.
asked 41 minutes ago -
Evelyn incorporates her sole proprietorship, transferring it to
newly formed Papaya Corporation. The assets transferred have...
asked 27 minutes ago