Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.)

 

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! Required information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Units Unit Cost 41 $10 205 12 (100) 146 July 1 July 13 July 25 July 31 Beginning Inventory Purchase Beginning Inventory Purchases Sold Ending Inventory Weighted Average (Periodic) Goods Available for Sale Cost of Goods Sold Ending Inventory Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) Weighted Average (Periodic) Sales Cost of Goods Sold Gross Profit Cost per Unit 41 $10.00 $ 205 $ 12.00 Units $ 1,600 Total Unit Selling Price 410 2,460 2,870 0 $16 ! Required information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Units Unit Cost 41 $10 205 12 (100) 146 July 1 July 13 July 25 July 31 Beginning Inventory Purchase Beginning Inventory Purchases Sold Ending Inventory Weighted Average (Periodic) Goods Available for Sale Cost of Goods Sold Ending Inventory Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) Weighted Average (Periodic) Sales Cost of Goods Sold Gross Profit Cost per Unit 41 $10.00 $ 205 $ 12.00 Units $ 1,600 Total Unit Selling Price 410 2,460 2,870 0 $16

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Answer Solution Weighted Average Periodic Beginning Inventory Purchases Goods availa... View the full answer