Calculating Weighted Average Cost Inventory Values The Mann Corporation began operations in 2015 Information relating to the companys purchases of inventory and sales of products for 2015 and 2016 is presented below 2015 March 1 Purchase 200 units $10 per unit June 1 Sold 120 units $25 per unit September 1 Purchase 100 units $14 per unit November 1 Sold 130 units $25 per unit 2016 March 1 Purchase 100 units $16 per unit June 1 Sold 80 units $30 per unit September 1 Purchase 100 units $18 per unit November 1 Sold 100 units $35 per unit Calculate the weighted average cost of goods sold and ending inventory for 2015 and 2016 assuming use of (a) the periodic method and (b) the perpetual method a Weighted Average Periodic Do not round your cost per unit Do not round until your final answer Round your answers to the nearest whole number 2015 Cost of goods sold $ Ending inventory $ 2016 Cost of goods sold $ Ending inventory $ b Weighted Average Perpetual Do not round your cost per unit Do not round until your final answer Round your answers to the nearest whole number 2015 Cost of goods sold $ Ending inventory $ 2016 Cost of goods sold $ Ending inventory $ Calculating Weighted Average Cost Inventory Values The Mann Corporation began operations in 2015 Information relating to the company's purchases of inventory and sales of products for 2015 and 2016 is presented below 2015 units $10 per unit March 1 Purchase 200 $25 per unit Sold 120 units June 1 units $14 per unit September 1 Purchase 100 130 units $25 per unit November 1 Sold 2016 Purchase 100 units $16 per unit March 1 Sold 80 units $30 per unit June 1 September 1 Purchase 100 units $18 per unit November 1 Sold $35 per unit 100 units Calculate the weighted average cost of goods sold and ending inventory for 2015 and 2016 assuming use of (a) the periodic method and (b) the perpetual method a Weighted Average Periodic Do not round your cost per unit Do not round until your final answer Round your answers to the nearest whole number 2015 Cost of goods sold $ 2,834 Ending inventory 567 2016 Cost of goods sold $ 2,857 Ending inventory $ 1,111 b Weighted Average Perpetual Do not round your cost per unit Do not round until your final answer Round your answers to the nearest whole number 2015 goods sold $ 2,789 Cost Ending inventory $ 612 2016 X Cost of goods sold $ 2,846 X Ending inventory $ 1,167

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Question: Calculating Weighted-Average Cost Inventory Values The Mann Corporation began operations in 2015. Information relating to the companys purchases of inventory and sales of products for

Calculating Weighted-Average Cost Inventory Values

The Mann Corporation began operations in 2015. Information relating to the companys purchases of inventory and sales of products for 2015 and 2016 is presented below

2015
March 1	Purchase	200	units	@	$10	per unit
June 1	Sold	120	units	@	$25	per unit
September 1	Purchase	100	units	@	$14	per unit
November 1	Sold	130	units	@	$25	per unit

2016
March 1	Purchase	100	units	@	$16	per unit
June 1	Sold	80	units	@	$30	per unit
September 1	Purchase	100	units	@	$18	per unit
November 1	Sold	100	units	@	$35	per unit

Calculate the weighted-average cost of goods sold and ending inventory for 2015 and 2016 assuming use of (a) the periodic method and (b) the perpetual method.

a. Weighted-Average Periodic. Do not round your cost per unit. Do not round until your final answer. Round your answers to the nearest whole number.

2015
Cost of goods sold	$
Ending inventory	$

2016
Cost of goods sold	$
Ending inventory	$

b. Weighted-Average Perpetual. Do not round your cost per unit. Do not round until your final answer. Round your answers to the nearest whole number.

2015
Cost of goods sold	$
Ending inventory	$

2016
Cost of goods sold	$
Ending inventory	$

Calculating Weighted-Average Cost Inventory Values The Mann Corporation began operations in 2015.

Information relating to the companys purchases of inventory and sales of products

Calculating Weighted-Average Cost Inventory Values The Mann Corporation began operations in 2015. Information relating to the company's purchases of inventory and sales of products for 2015 and 2016 is presented below 2015 units @$10 per unit March 1 Purchase 200 @ $25 per unit Sold 120 units June 1 units @$14 per unit September 1 Purchase 100 130 units @ $25 per unit November 1 Sold 2016 Purchase 100 units @ $16 per unit March 1 Sold 80 units @ $30 per unit June 1 September 1 Purchase 100 units @ $18 per unit November 1 Sold $35 per unit 100 units Calculate the weighted-average cost of goods sold and ending inventory for 2015 and 2016 assuming use of (a) the periodic method and (b) the perpetual method a. Weighted-Average Periodic. Do not round your cost per unit. Do not round until your final answer. Round your answers to the nearest whole number. 2015 Cost of goods sold $ 2,834 Ending inventory 567 2016 Cost of goods sold $ 2,857 Ending inventory $ 1,111 b. Weighted-Average Perpetual. Do not round your cost per unit. Do not round until your final answer. Round your answers to the nearest whole number. 2015 goods sold $ 2,789 Cost Ending inventory $ 612 2016 X Cost of goods sold $ 2,846 X Ending inventory $ 1,167

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