Question: Chapter 6 Assignment Saved Help Save & Exit Check 3 vury use yedi, IRC Corporation Ids LIE TOHOWING niventUTY LIGI ISHLLIONS. Date Transaction Jan. 1

 Chapter 6 Assignment Saved Help Save & Exit Check 3 vury

Chapter 6 Assignment Saved Help Save & Exit Check 3 vury use yedi, IRC Corporation Ids LIE TOHOWING niventUTY LIGI ISHLLIONS. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul. 16 Purchase Oct. 6 Purchase Unit Cost $ 35 37 Part 3 of 4 4 Number of Units 43 123 193 103 462 = 40 Total Cost $ 1,505 4,551 7,720 4,223 $17,999 41 1.5 points For the entire year, the company sells 412 units of inventory for $53 each. eBook Hint 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Co per unit" to 4 decimal places and all other answers to the nearest whole number.) Print References Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Weighted Average Cost # of units # of units Cost per unit Cost of Goods Available for Sale # of units Sold Cost per Unit Cost of Goods Sold in Ending Inventory Cost per unit End Inven 43 $ $ 1,505 Beginning Inventory Purchases: Apr 07 Jul 16 123 4,551 7,720 193 Oct 06 103 4,223 Total 462 $ 17,999 Mc 10

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!