Gabbins Company uses the perpetual inventory system and has the following inventory purchase and sales information...

  

  

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Gabbins Company uses the perpetual inventory system and has the following inventory purchase and sales information for the month of March. Use this information to answer Weighted Average and FIFO method questions. Sales Price/Unit Mar $100 $110 $115 1 3 4 10 16 18 30 Beginning inventory Purchase Sales Purchase Sales Sales Purchase Units 100 60 200 Purchases 40 Unit Cost $ 50 $ 60 $70 $75 Units Selling 70 80 90 Assume that Gabbins Company uses Weighted Average Method for inventory costing. What is the cost of ending inventory on Mar 10? (Number Format: Only provide numbers, no comma or unit or $ required, round to nearest whole number. Example: If your answer is 1,055.70, write 1056) Answer: Assume that Gabbins Company uses Weighted Average Method for inventory costing. What is the cost of ending inventory on Mar 30? (Number Format: Only provide numbers, no comma or unit or $ required, round to nearest whole number. Example: If your answer is 1,055.70, write 1056) Answer: Assume that Gabbins Company uses Weighted Average Method for inventory costing. What is the average unit cost on Mar 16? (Number Format: Only provide numbers, no comma or unit or $ required, round to 2 decimal places. Example: If your answer is 1,055.745, write 1055.75) Answer: Assume that Gabbins Company uses Weighted Average Method for inventory costing. What is the average unit cost on Mar 30? (Number Format: Only provide numbers, no comma or unit or $ required, round to 2 decimal places. Example: If your answer is 1,055.745, write 1055.75) Answer: Gabbins Company uses the perpetual inventory system and has the following inventory purchase and sales information for the month of March. Use this information to answer Weighted Average and FIFO method questions. Sales Price/Unit Mar $100 $110 $115 1 3 4 10 16 18 30 Beginning inventory Purchase Sales Purchase Sales Sales Purchase Units 100 60 200 Purchases 40 Unit Cost $ 50 $ 60 $70 $75 Units Selling 70 80 90 Assume that Gabbins Company uses Weighted Average Method for inventory costing. What is the cost of ending inventory on Mar 10? (Number Format: Only provide numbers, no comma or unit or $ required, round to nearest whole number. Example: If your answer is 1,055.70, write 1056) Answer: Assume that Gabbins Company uses Weighted Average Method for inventory costing. What is the cost of ending inventory on Mar 30? (Number Format: Only provide numbers, no comma or unit or $ required, round to nearest whole number. Example: If your answer is 1,055.70, write 1056) Answer: Assume that Gabbins Company uses Weighted Average Method for inventory costing. What is the average unit cost on Mar 16? (Number Format: Only provide numbers, no comma or unit or $ required, round to 2 decimal places. Example: If your answer is 1,055.745, write 1055.75) Answer: Assume that Gabbins Company uses Weighted Average Method for inventory costing. What is the average unit cost on Mar 30? (Number Format: Only provide numbers, no comma or unit or $ required, round to 2 decimal places. Example: If your answer is 1,055.745, write 1055.75) Answer:

Answer rating: 100% (QA)

Answer part 1 Cost of ending Inventory on Total units of I... View the full answer