Wildhorse Co. uses a perpetual inventory system. The following information is avallable for November: Units Purchase...

 

 

 

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Wildhorse Co. uses a perpetual inventory system. The following information is avallable for November: Units Purchase Price Sales Price Nov. 1 Balance 8 $6.00 4 Purchase 22 $6.50 Purchase 18 $7.00 10 Sale (8) $9.00 12 Sale (34) $9.00 Calculate the cost of goods sold and ending inventory under FIFO. (Round answers to 0 decimal places, eg. 5,275.) FIFO Cost of goods sold Ending inventory %24 %24 Calculate the cost of goods sold and ending inventory under weighted average. (Round the weighted average cost per unit to two decimal places, eg. 5.27 and final answers to 0 decimal places, eg. 5,275.) Weighted average Cost of goods sold %$4 Ending inventory %24 e Textbook and Media %24 Wildhorse Co. uses a perpetual inventory system. The following information is avallable for November: Units Purchase Price Sales Price Nov. 1 Balance 8 $6.00 4 Purchase 22 $6.50 Purchase 18 $7.00 10 Sale (8) $9.00 12 Sale (34) $9.00 Calculate the cost of goods sold and ending inventory under FIFO. (Round answers to 0 decimal places, eg. 5,275.) FIFO Cost of goods sold Ending inventory %24 %24 Calculate the cost of goods sold and ending inventory under weighted average. (Round the weighted average cost per unit to two decimal places, eg. 5.27 and final answers to 0 decimal places, eg. 5,275.) Weighted average Cost of goods sold %$4 Ending inventory %24 e Textbook and Media %24 Wildhorse Co. uses a perpetual inventory system. The following information is avallable for November: Units Purchase Price Sales Price Nov. 1 Balance 8 $6.00 4 Purchase 22 $6.50 Purchase 18 $7.00 10 Sale (8) $9.00 12 Sale (34) $9.00 Calculate the cost of goods sold and ending inventory under FIFO. (Round answers to 0 decimal places, eg. 5,275.) FIFO Cost of goods sold Ending inventory %24 %24 Calculate the cost of goods sold and ending inventory under weighted average. (Round the weighted average cost per unit to two decimal places, eg. 5.27 and final answers to 0 decimal places, eg. 5,275.) Weighted average Cost of goods sold %$4 Ending inventory %24 e Textbook and Media %24 Wildhorse Co. uses a perpetual inventory system. The following information is avallable for November: Units Purchase Price Sales Price Nov. 1 Balance 8 $6.00 4 Purchase 22 $6.50 Purchase 18 $7.00 10 Sale (8) $9.00 12 Sale (34) $9.00 Calculate the cost of goods sold and ending inventory under FIFO. (Round answers to 0 decimal places, eg. 5,275.) FIFO Cost of goods sold Ending inventory %24 %24 Calculate the cost of goods sold and ending inventory under weighted average. (Round the weighted average cost per unit to two decimal places, eg. 5.27 and final answers to 0 decimal places, eg. 5,275.) Weighted average Cost of goods sold %$4 Ending inventory %24 e Textbook and Media %24 Wildhorse Co. uses a perpetual inventory system. The following information is avallable for November: Units Purchase Price Sales Price Nov. 1 Balance 8 $6.00 4 Purchase 22 $6.50 Purchase 18 $7.00 10 Sale (8) $9.00 12 Sale (34) $9.00 Calculate the cost of goods sold and ending inventory under FIFO. (Round answers to 0 decimal places, eg. 5,275.) FIFO Cost of goods sold Ending inventory %24 %24 Calculate the cost of goods sold and ending inventory under weighted average. (Round the weighted average cost per unit to two decimal places, eg. 5.27 and final answers to 0 decimal places, eg. 5,275.) Weighted average Cost of goods sold %$4 Ending inventory %24 e Textbook and Media %24 Wildhorse Co. uses a perpetual inventory system. The following information is avallable for November: Units Purchase Price Sales Price Nov. 1 Balance 8 $6.00 4 Purchase 22 $6.50 Purchase 18 $7.00 10 Sale (8) $9.00 12 Sale (34) $9.00 Calculate the cost of goods sold and ending inventory under FIFO. (Round answers to 0 decimal places, eg. 5,275.) FIFO Cost of goods sold Ending inventory %24 %24 Calculate the cost of goods sold and ending inventory under weighted average. (Round the weighted average cost per unit to two decimal places, eg. 5.27 and final answers to 0 decimal places, eg. 5,275.) Weighted average Cost of goods sold %$4 Ending inventory %24 e Textbook and Media %24

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In FIFO method inventory comes first are out first ... View the full answer