ZuoTi.Pro
Question

Flounder Distribution markets CDs of the performing artist Fishe. At the beginning of October, Flounder had...

Flounder Distribution markets CDs of the performing artist Fishe. At the beginning of October, Flounder had in beginning inventory 2,800 of Fishe’s CDs with a unit cost of $6. During October, Flounder made the following purchases of Fishe’s CDs. Oct. 3 3,500 @ $7 Oct. 19 4,200 @ $9 Oct. 9 4,900 @ $8 Oct. 25 5,600 @ $10 During October, 15,260 units were sold. Flounder uses a periodic inventory system.

Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Weighted-average cost per unit

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

2800 * 6 = 16,800

3500 * 7 = 24,500

4200 * 9 = 37,800

4900 * 8 = 39,200

5600 * 10 = 56,000

Total Cost = 174,300 / 21,000

Weighted average cost per unit = 8.30

0 0
Add a comment
Know the answer?
Add Answer to:
Flounder Distribution markets CDs of the performing artist Fishe. At the beginning of October, Flounder had...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Concord Distribution markets CDs of the performing artist Fishe. At the beginning of October, Concord had...

    Concord Distribution markets CDs of the performing artist Fishe. At the beginning of October, Concord had in beginning inventory 2,500 of Fishe’s CDs with a unit cost of $7. During October, Concord made the following purchases of Fishe’s CDs. Oct. 3 3,125 @ $8 Oct. 19 3,750 @ $10 Oct. 9 4,375 @ $9 Oct. 25 5,000 @ $11 During October, 13,625 units were sold. Concord uses a periodic inventory system. (a)Determine the cost of goods available for sale. Cost...

  • Swifty Distribution markets CDs of the performing artist Fishe. At the beginning of October, Swifty had...

    Swifty Distribution markets CDs of the performing artist Fishe. At the beginning of October, Swifty had in beginning inventory 3,900 of Fishe’s CDs with a unit cost of $7. During October, Swifty made the following purchases of Fishe’s CDs. Oct. 3 4,875 @ $8 Oct. 19 5,850 @ $10 Oct. 9 6,825 @ $9 Oct. 25 7,800 @ $11 During October, 21,255 units were sold. Swifty uses a periodic inventory system. 1. Determine the cost of goods available for sale....

  • Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express had...

    Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express had in beginning inventory 5,840 of Fishe’s CDs with a unit cost of $6. During October, Express made the following purchases of Fishe’s CDs. Oct. 3 7,300 @ $7 Oct. 19 8,760 @ $10 Oct. 9 10,220 @ $8 Oct. 25 11,680 @ $11 During October, 31,828 units were sold. Express uses a periodic inventory system. Determine (1) the ending inventory and (2) the cost...

  • Bridgeport Distribution markets CDs of the performing artist Fishe./ At the beginning/ of October, Bridgeport /had...

    Bridgeport Distribution markets CDs of the performing artist Fishe./ At the beginning/ of October, Bridgeport /had in beginning inventory 2,400 of Fish/e’s CDs with a u/nit cost of $6. During Oct/o/ber, Bridgeport mad/e the foll/owing purchases of Fishe’s CDs. Cost of goods available for sale $ 149400 Weighted average cost per unit $ 8.3 Determin/e (1) the ending inventory and (2) the cost of goo./ds sold under ea/ch of the/ /assumed cost flow /methods (FIFO, LIFO, and average-cost). Prove the...

  • Problem 6-02A a, b1-b2, c (Video) Martinez Distribution markets CDs of the performing artist Fishe. At...

    Problem 6-02A a, b1-b2, c (Video) Martinez Distribution markets CDs of the performing artist Fishe. At the beginning of October, Martinez had in beginning inventory 3,100 of Fishe’s CDs with a unit cost of $7. During October, Martinez made the following purchases of Fishe’s CDs. Oct. 3 3,875 @ $8 Oct. 19 4,650 @ $10 Oct. 9 5,425 @ $9 Oct. 25 6,200 @ $11 During October, 16,895 units were sold. Martinez uses a periodic inventory system. Determine the cost...

  • Brane Distribution markets CDs of the performing artist Unique. At the beginning of October, Brane had...

    Brane Distribution markets CDs of the performing artist Unique. At the beginning of October, Brane had in beginning inventory 2,000 of Unique’s CDs with a unit cost of $5. During October, Brane made the following purchases of Unique’s CDs. Oct. 3 2,500 @ $6 Oct. 19 3,000 @ $8 Oct. 9 3,500 @ $7 Oct. 25 4,000 @ $9 During October, 10,900 units were sold. Crane uses a periodic inventory system. (a) (b1) (b2) Your answer is incorrect. Try again....

  • Problem 6-02A a, b1-b2, с (Video) Express Distribution markets CDs of the performing artist Fishe. At...

    Problem 6-02A a, b1-b2, с (Video) Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express had in beginning inventory 2,000 of Fishe's CDs with a unit cost of $7. During October, Express made the following purchases of Fishe's CDs. Oct. 3 2,500 @ $8 Oct. 9 3,500 @ $9 Oct. 19 3,000 @ $10 Oct. 25 4,000 @ $11 During October, 10,900 units were sold. Express uses a periodic inventory system. Determine the cost...

  • Problem 6-02A a, b1-b2, с (Video) Express Distribution markets CDs of the performing artist Fishe. At...

    Problem 6-02A a, b1-b2, с (Video) Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express had in beginning inventory 2,000 of Fishe's CDs with a unit cost of $7. During October, Express made the following purchases of Fishe's CDs. Oct. 3 2,500 @ $8 Oct. 9 3,500 @ $9 Oct. 19 3,000 @ $10 Oct. 25 4,000 @ $11 During October, 10,900 units were sold. Express uses a periodic inventory system. Determine the cost...

  • Question 4 Blue Distribution markets CDs of the performing artist Marilynn. At the beginning of October,...

    Question 4 Blue Distribution markets CDs of the performing artist Marilynn. At the beginning of October, Blue had in beginning inventory 4,420 of Marilynn’s CDs with a unit cost of £2. During October, Blue made the following purchases of Marilynn’s CDs. Oct. 3 6,630 @ £6 Oct. 19 8,840 @ £13 Oct. 9 12,155 @ £7 Oct. 25 4,420 @ £14 During October, 29,835 units were sold. Blue uses a periodic inventory system. Determine (1) the ending inventory and (2)...

  • Problem 6-02A a, b1-b2, с (Video) Coronado Distribution markets CDs of the performing artist Unique. At the beginning...

    Problem 6-02A a, b1-b2, с (Video) Coronado Distribution markets CDs of the performing artist Unique. At the beginning of October, Coronado had in beginning inventory 2,000 of Unique's CDs with a unit cost of $5. During October, Coronado made the following purchases of Unique's CDs. Oct. 3 2,500 @ $6 Oct. 9 3,500 @ $7 Oct. 19 Oct. 25 3,000 @ $8 4,000 @ $9 During October, 10,700 units were sold. Coronado uses a periodic inventory system. Determine the cost...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT