Question: Compute the cost assigned to ending inventory using weighted average Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a
Compute the cost assigned to ending inventory using weighted average
Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 250 units @ $54.00 per unit March 5 Purchase 300 units @ $59.00 per unit March 9 Sales 410 units @ $89.00 per unit March 18 Purchase 160 units @ $64.00 per unit March 25 Purchase 300 units @ $66.00 per unit March 29 Sales 280 units @ $99.00 per unit ices Totals 1, 010 units 690 units Complete this question by entering your answers in the tabs below. Weighted Perpetual FIFO Perpetual LIFO Specific Id Average Compute the cost assigned to ending inventory using weighted average. Note: Round your average cost per unit to 2 decimal placesStep by Step Solution
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