Current Attempt in Progress Inventory data for Shamrock Company are reported as follows: Date Explanation, Number of
Question:
Current Attempt in Progress Inventory data for Shamrock Company are reported as follows: Date Explanation, Number of Units, Unit Cost, Total CostJune1Beginning inventory260$5$1,30012Purchase46062,76023Purchase36072,520Assume a sale of 500 units occurred on June 15 for a selling price of $8 and a sale of 420 units on June 27 for $9. On June 30, 160 units remain in inventory.Calculate the cost of ending inventory and cost of goods sold on June 30 under weighted average. (Round the weighted average cost per unit to 3 decimal places, e.g. 5.271 and final answers to 2 decimal places, e.g. 5,275.75.) Weighted AverageEnding inventory $enter a dollar amount Cost of goods sold $enter a dollar amount.
Accounting Principles Volume 1
ISBN: 9781119786818
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak