Check my During the year, a company has the following inventory transactions. Unit Cost Date Jan....
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Check my During the year, a company has the following inventory transactions. Unit Cost Date Jan. 1 Beginning inventory Apr. 7 Jul.16 Purchase Transaction Number of Units 55 Total Cost $ 47 $ 2,585 6,615 10,660 6,095 Purchase 135 49 205 52 Oct. 6 Purchase 115 53 510 $25,955 For the entire year, the company sells 441 units of inventory for $65 each. Exercise 6-4B Part 3 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Sold-Weighted Average Cost Ending Inventory -Weighted Averagn Cost Cost of Goods Available for Sale Weighted Average Cost #of units in Ending Inventory Cost of Goods of units Ending Inventory #of units Cost per Available for Cost per Unit Cost of Cost per unit unit Sold Goods Sold Sale 2.585 Beginning Inventory 55 Purchases: Apr 07 135 6,615 Jul 16 205 10,660 Oct 06 115 6,095 Total 510 25,955 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Sold - Weighted Average Cost Cost of Goods Available for Sale Ending Inventory - Weightad Average Cost Weighted Average Cost Cost per unit Cost of Goods Available for Sale #of units Sold Cost of Goods Sold of units in Ending Inventory of units Ending Inventory Cost per Unit Cost per unit Beginning Inventory 55 2,585 Purchases: Apr 07 135 6,615 Jul 16 205 10,660 Oct 06 115 6,095 Total 510 25,955 Sales revenue Gross profit Check my During the year, a company has the following inventory transactions. Unit Cost Date Jan. 1 Beginning inventory Apr. 7 Jul.16 Purchase Transaction Number of Units 55 Total Cost $ 47 $ 2,585 6,615 10,660 6,095 Purchase 135 49 205 52 Oct. 6 Purchase 115 53 510 $25,955 For the entire year, the company sells 441 units of inventory for $65 each. Exercise 6-4B Part 3 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Sold-Weighted Average Cost Ending Inventory -Weighted Averagn Cost Cost of Goods Available for Sale Weighted Average Cost #of units in Ending Inventory Cost of Goods of units Ending Inventory #of units Cost per Available for Cost per Unit Cost of Cost per unit unit Sold Goods Sold Sale 2.585 Beginning Inventory 55 Purchases: Apr 07 135 6,615 Jul 16 205 10,660 Oct 06 115 6,095 Total 510 25,955 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Sold - Weighted Average Cost Cost of Goods Available for Sale Ending Inventory - Weightad Average Cost Weighted Average Cost Cost per unit Cost of Goods Available for Sale #of units Sold Cost of Goods Sold of units in Ending Inventory of units Ending Inventory Cost per Unit Cost per unit Beginning Inventory 55 2,585 Purchases: Apr 07 135 6,615 Jul 16 205 10,660 Oct 06 115 6,095 Total 510 25,955 Sales revenue Gross profit
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Requirement 1 FIFO Cost of Goods available for sale Cost of Goods Sold Ending Inventory Units Costun... View the full answer
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