A company's inventory records show the following data for the month of July. Units Sold at...
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A company's inventory records show the following data for the month of July. Units Sold at Retail Date July 1 July 5 Activities Beginning inventory Purchase Units Acquired at Cost 100 units @ $36 = $3,600 50 units @ $39 = $1,950 July 10 Sale 75 units @ $50 July 20 July 25 Purchase Sale 225 units @ $41 = $9,225 200 units @ $50 If the company uses the weighted average method and the perpetual inventory system, what would be the cost of its ending Inventory? July 1 July 5 Goods purchased Cost of Goods Sold Inventory Balance Date Number of Cost per units unit Number of units sold Cost per unit Cost of Goods Sold Number of units Cost per unit Inventory Balance Average cost July 5 July 10 July 20 Average cost July 20 July 25 Total July 25 A company's inventory records show the following data for the month of July. Units Sold at Retail Date July 1 July 5 Activities Beginning inventory Purchase Units Acquired at Cost 100 units @ $36 = $3,600 50 units @ $39 = $1,950 July 10 Sale 75 units @ $50 July 20 July 25 Purchase Sale 225 units @ $41 = $9,225 200 units @ $50 If the company uses the weighted average method and the perpetual inventory system, what would be the cost of its ending Inventory? July 1 July 5 Goods purchased Cost of Goods Sold Inventory Balance Date Number of Cost per units unit Number of units sold Cost per unit Cost of Goods Sold Number of units Cost per unit Inventory Balance Average cost July 5 July 10 July 20 Average cost July 20 July 25 Total July 25
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