. . A company uses the weighted-average method of inventory valuation under a periodic inventory system....

 

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. . A company uses the weighted-average method of inventory valuation under a periodic inventory system. The company began the year with a zero inventory balance. They had the following transactions during the year. (30 Points) Purchased 65 units at AED 7 per unit Purchased 130 units at AED 7 per unit Sold 110 units at AED 11 per unit Purchased 55 units at AED 8 per unit Sold 110 units at AED 13.25 per unit At the end of the year, the company counted the inventory and found 30 units remaining. Calculate the following for the year. (Round the unit costs to two decimal places and total costs to the nearest dirham.) Beginning Merchandise Inventory Purchases Cost of Goods Available for Sale Total Number of Units Available for Sale Weighted Average Cost per Unit Total Units in Ending Inventory Value of Ending Inventory Cost of Goods Sold 0 . . A company uses the weighted-average method of inventory valuation under a periodic inventory system. The company began the year with a zero inventory balance. They had the following transactions during the year. (30 Points) Purchased 65 units at AED 7 per unit Purchased 130 units at AED 7 per unit Sold 110 units at AED 11 per unit Purchased 55 units at AED 8 per unit Sold 110 units at AED 13.25 per unit At the end of the year, the company counted the inventory and found 30 units remaining. Calculate the following for the year. (Round the unit costs to two decimal places and total costs to the nearest dirham.) Beginning Merchandise Inventory Purchases Cost of Goods Available for Sale Total Number of Units Available for Sale Weighted Average Cost per Unit Total Units in Ending Inventory Value of Ending Inventory Cost of Goods Sold 0

Answer rating: 100% (QA)

Answer A Beginning Merchandise Inventory 0 B Purchases 65 units at AED 7 per unit AED 455 130 units ... View the full answer