Answer:
1
cost of goods avialable |
109710 |
Units avalable for sales |
1850 |
Working notes for the above answer:
Particular |
Units |
Cost |
cost of goods avialable |
A |
B |
C=A*B |
|
beg. |
600 |
60 |
36000 |
Add:Purchase |
|||
Feb.10 |
480 |
57 |
27360 |
Mar.13 |
120 |
42 |
5040 |
Aug.21 |
180 |
65 |
11700 |
Sep.5 |
470 |
63 |
29610 |
1850 |
109710 |
___________________________________
2
Weighted average perpetual |
|||||||||||
Goods purchasesd |
Cost of goods sold |
Inventory |
|||||||||
Date |
Number |
at |
Cost |
Number |
at |
Cost |
Cost of |
Number |
at |
Cost |
Inventory |
Jan.1 |
600 |
60 |
600 |
60 |
36000 |
||||||
Feb.10 |
480 |
57 |
600 |
60 |
36000 |
||||||
480 |
57 |
27360 |
|||||||||
1080 |
58.67 |
63360 |
|||||||||
Weighted average cost =63360/1080 =58.67 |
|||||||||||
Mar.13 |
120 |
42 |
|||||||||
600 |
60 |
36000 |
|||||||||
480 |
57 |
27360 |
|||||||||
120 |
42 |
5040 |
|||||||||
1200 |
57.00 |
68400 |
|||||||||
Weighted average cost =68400/1200 =57 |
|||||||||||
Mar.15 |
785 |
57.00 |
44745 |
415 |
57.00 |
23655 |
|||||
Aug.21 |
180 |
65 |
415 |
57 |
23655 |
||||||
180 |
65 |
11700 |
|||||||||
595 |
59.42 |
35355 |
|||||||||
Weighted average cost =36355/595=59.42 |
|||||||||||
415 |
57 |
23655 |
|||||||||
Sep.5 |
470 |
63 |
180 |
65 |
11700 |
||||||
470 |
63 |
29610 |
|||||||||
1065 |
61.00 |
64965 |
|||||||||
Weighted average cost =64965/1065=61 |
|||||||||||
Sep.10 |
650 |
61.00 |
39650 |
415 |
25315 |
||||||
Total |
84395 |
25315 |
Weighted Average??? 을n ucation.com apter 5 Problems Seved 5 Montoure Company uses a perpetual inventory system....
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 600 units @ $40 per unit Feb. 10 Purchase 400 units @ $37 per unit Mar. 13 Purchase 190 units @ $15 per unit Mar. 15 Sales 805 units @ $70 per unit Aug. 21 Purchase 190 units @ $45 per unit Sept. 5 Purchase 550 units @ $43...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Units Sold at Retail Units Acquired at Cost 620 units@ $45 per unit 310 units @ $42 per unit 120 units @ $30 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 770 units@ $85 per unit 190 units @ $50 per unit 520 units...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 600 units @ $40 per unit Feb. 10 Purchase 400 units @ $37 per unit Mar. 13 Purchase 190 units @ $15 per unit Mar. 15 Sales 805 units @ $70 per unit Aug. 21 Purchase 190 units @ $45 per unit Sept. 5 Purchase 550 units @ $43...
I was hoping you could show the steps? Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Activities Units Sold at Retail Date Dan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Units Acquired at Cost 700 units$50 per unit 350 units@$44 per unit 150 units $32 per unit 705 units $80 per unit 190 units $55 per unit...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Units Acquired at Cost 700 units @ $50 per unit 350 units @ $44 per unit 150 units @ $32 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 705 units @ $80 per unit 190 units @ $55 per unit...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2015 purchases and sales transactions. Units Sold at Retail Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Units Acquired at Cost 540 units @ $55,00 per unit 460 units @ $53 per unit 100 units @ $40 pe Mar. 13 Purchase unit Mar. 15 Sales 745 units @ $80 per unit 170 units @ $ 61 per unit Aug. 21 Purchase Sept. 5 Purchase Sept. 10...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 600 units @ $35 per unit Feb. 10 Purchase 300 units @ $32 per unit Mar. 13 Purchase 150 units @ $20 per unit Mar. 15 Sales 725 units @ $80 per unit Aug. 21 Purchase 190 units @ $40 per unit Sept. 5 Purchase 540 units @ $37...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Units Sold at Retail Units Required at Cost 620 units $45 per unit 380 units $42 per unit 100 units $30 per unit Date Activities Jan. 1 Beginning inventory Peb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totale 735 units $70 per unit 170 units 400 units $50 per unit 346 per unit...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 600 units $40 per unit Feb. 10 Purchase 400 units@ $37 per unit Mar. 13 Purchase 190 units@ $15 per unit Mar. 15 Sales 805 units@ $70 per unit Aug. 21 Purchase 190 units @ $45 per unit Sept. 5 Purchase 550 units @ $43 per unit Sept. 10...