Simplex Company has a fiscal year end on December 3 1 . The company has only one
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Question:
Simplex Company has a fiscal year end on December The company has only one product in inventory, and all units of that product are identical homogenous The opening balance unit price is $ per unit. Complete the following schedule to calculate the value of ending inventory using the weightedaverage cost method under the perpetual inventory system. Then calculate the cost of goods sold for the year
Do not enter dollar signs or commas in the input boxes.
Round all answers todecimal places.
Date Purchases Sales Balance
Quantity Cost Quantity Cost Quantity Value
Jan $Answer
Feb $$Answer
Mar $$Answer
Apr $$Answer
Jul $$Answer
Sep $$Answer
Nov $$Answer
Required
Calculate the cost of goods sold.
Cost of Goods Sold $Answer
Related Book For
Fundamentals of Advanced Accounting
ISBN: 978-0077862237
6th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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