Question: Fill in the missing amounts for items (a) through (o) as well as a through mi in the following perpetual inventory records: Calculate the cost

 Fill in the missing amounts for items (a) through (o) as
well as a through mi in the following perpetual inventory records: Calculate
the cost of goods sold and ending inventory using weighted average. (Round
the weighted average cost per unit to 2 decimal places, ... 5.25
and final Purchases Cost of Goods Sold Date Units Cost Total Units
Cost Apr-02 Beginning Inventory Balance Cost Total Units Tot 30 $11 $330

Fill in the missing amounts for items (a) through (o) as well as a through mi in the following perpetual inventory records: Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, ... 5.25 and final Purchases Cost of Goods Sold Date Units Cost Total Units Cost Apr-02 Beginning Inventory Balance Cost Total Units Tot 30 $11 $330 30 $11 $ Apr-15 50 $13 5650 30 12/25 $ Apr-20 35 45 12.25 429 12.25 Apr-23 41 $14 5574 336 13.00 Balance Cost Units Total Units Total Cost WA Cost Per unit 30 $11 5 $330 $ 80 30 $330 12.25 980 50 $550 $ $ 45 30 5900 12.25 551 -35 $428.75 $ 86 45 5551.25 13.08 1,125 41 $574 s B6 $1,125.25 32 13.08 419 5706.32 NEDES WHSM ICE NEXT 32 86 53.125.25 13.08 419 -54 $706.32 ZE 32 $418.93 Cost of Goods Sold Cost Inventory Balance Date Units Total Units Cost Apr-01 Purchases Units Cost Total Beginning Inventory 30 511 5330 50 513 5650 30 Apr-15 $! Apr-20 30 $ un Apr 23 41 $574 Apr-20 32 9 32 121 $1,554 89 LINK TO TEXT FULL SCREEN PRUNTER VERSION BACK Cost of Goods Sold Cost Inventory Balance Cost Total Units Total $11 $330 30 30 330 32 Which method gives the highest COGS? Why? LINK TO TEXT

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!