Given the following information about Hatch Company's purchases and sales of inventory during the month, find...
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Given the following information about Hatch Company's purchases and sales of inventory during the month, find the dollar value of the Cost of Goods Sold and the dollar value of the Ending Inventory using the Weighted Average method. Clearly label your answers to receive credit. Units Cost per unit Total Cost Beginning balance on May 1 700 $10.00 Purchase, May 5 800- $12.00 500 $13.00 500 $13.20 Purchase, May 10 Purchase, May 15 Total 2,500 Number of units sold during the period is 1,600 $7,000 $9,600 $6,500 $6,600 $29.700 Given the following information about Hatch Company's purchases and sales of inventory during the month, find the dollar value of the Cost of Goods Sold and the dollar value of the Ending Inventory using the Weighted Average method. Clearly label your answers to receive credit. Units Cost per unit Total Cost Beginning balance on May 1 700 $10.00 Purchase, May 5 800- $12.00 500 $13.00 500 $13.20 Purchase, May 10 Purchase, May 15 Total 2,500 Number of units sold during the period is 1,600 $7,000 $9,600 $6,500 $6,600 $29.700
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Given the information Units sold 1600 Beginning balance 700 units at 1000 per unit Purchases 800 un... View the full answer
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
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