Question: es Exercise 6-4 Alternative cost flow assumptions-perpetual inventory system LO2 Sport Box sells a wide variety of sporting equipment. The following is information on the

es Exercise 6-4 Alternative cost flow assumptions-perpetual inventory system LO2 Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130. Description Mar. 1 Beginning Inventory Mar. 3 Purchase Mar. 6 Purchase Mar. 17 Sale Mar. 23 Purchase Mar. 31 Sale 1. FIFO 2. Moving weighted average e to search Units 31 76 126 71 82 172 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) Cost of Goods Sold S 15,348 S Unit Cost $ 56 $ 61 $ 66 $ 66 Ending Inventory 4,752
 es Exercise 6-4 Alternative cost flow assumptions-perpetual inventory system LO2 Sport

Exercise 64 Alternative cost flow assumptions-perpetual inventory system LO2 Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and soles of their top selling hockey stick The hockey stick sells for $130 Required: Cakulate the cost of goods sold and ending inventory under the perpetual inventory system using the foliowing methods. (Do not round your "Unit Cost" answers. Round all other intermediate and finol answers to nearest whole dollar.)

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!