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Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 August...
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 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 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
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?
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.)
A company uses a perpetual inventory system. At the beginning of August the company had 60 units of inventory with a per unit cost of $25. The company completed the following during the month: E: (Click the icon to view the transactions.) For each of the following inventory costing methods, show the calculation of gross profit for the month. (For weighted average computations, round per unit costs to the nearest cent and all other amounts to the nearest dollar.) i...
Top Light Company uses a perpetual inventory system. The company began inventory at a cost of $12 per unit. During 2019, Top Light had the following purchases and sales of lamps PURCHASE/ SOLD UNITS &COST/UNIT OR SELLING PRICE/ UNIT 2,000 units@$18/unit 2,500 units @$30/ unit 3,500 units@$23/unit 2,000 units@$33/unit DATE Purchased Feb 13 Sold Purchased Sold April 24 June 6 October 18 Required: 1. Calculate the cost of goods sold and ending inventory using FIFO Inventory Balance Cost/ unit Cost...
Kaleta Company uses the perpetual inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $5 $1,000 12 Purchase 400 6 2,400 23 Purchase 300 7 2,100 30 Inventory 100 Assume a sale of 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on June 27 for $9. Calculate the cost of the ending inventory and the cost of...
Required information Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of August 2018: Aug.1 Inventory on hand—2,900 units; cost $7.00 each. 8 Purchased 14,500 units for $6.40 each. 14 Sold 11,600 units for $12.90 each. 18 Purchased 8,700 units for $6.00 each. 25 Sold 10,600 units for $11.90 each. 31 Inventory on hand—3,900 units. Required: a. Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and...