Question

Homework Chapter #6 Help Save & Sub Check my work For the entire year, the company sells 440 units of inventory for $64 each 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number) Cost of Goods Available for Sale Cost of Goods Sold Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Cost per of units Cost of Goods Available for of units Cost per Cost of Goods Sold in Ending Inventory Cost per unit Ending Inventory Beginning inventory Purchase Apr 07 Oct 08 Total 25248 Sales revenue Gross profit prev 56 of 24 Next >

Answer 1

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B C D E Answer F G H I J K 2 Part 1) 3 FIFO Cost of goods available for sale Cost Per Unit Cost of goods available for sale # of Units 46 2484 54 # of Units 54 Cost of goods sold Cost Per Unit Cost of goods sold 46 2484 Ending Inventory Cost Per Unit Ending Inventory # of Units 0 48 0 I 134 204 114 506 48 51 52 6432 10404 5928 25248 134 204 48 5 Beginning Inventory 6 Purchases 7 Apr. 7 8 Jul. 16 9 Oct. 6 10 Total 12 Sales Revenue 13 Gross Profit (28160)-21816) 15 Part 3) 16 Weighted Acerage Cost 6432 10404 2496 21816 52 66 3432 440 66 3432 28160 6344 Ending Inventory Cost of goods available for sale Cost Per Unit Cost of goods available for sale #of Units 2484 Cost of goods sold Cost Per Unit Cost of goods sold Cost Per Unit Cost of goods sold t# of Units # of Units 54 Tcost Per Unit Endir 6432 10404 18 Beginning Inventory 19 Purchases 20 Apr. 7 21 Jul. 16 22 Oct. 6 23 Total 25 Sales Revenue 26 Gross Profit (28160-21955) 134 204 114 506 5928 25248 49.8972 440 49.8972 | 49.8972 3293 28160 6205 ... Sheet79 Sheet80 Sheet81 Sheet82 Sheet83 Sheet84 Sheet85 Sheet126 Sheet175 ... + 1