Carla Vista Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best...

 

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Carla Vista Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Carla Vista's purchases and sales of the ultra-lightweight snowboard in October: Date Oct. 1 10 12 13 25 27 Transaction Beginning inventory Purchase Sale Purchase Sale Purchase Units 25 30 (42) 35 (45) 20 Unit Purchase Price Unit Sales Price $299 307 313 319 $472 482 Assume that all of Carla Vista's sales are for cash and all of its purchases are on account. Record the purchase on October 10 and sale on October 12 for Carla Vista Snowboards in a perpetual inventory system under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to 3 decimal places, e.g. 5.275 and final answers to 2 decimal places, e.g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles Perpetual-FIFO Oct. 10 Oct. 12 Debit Credit (b). Record the purchase on October 13 and sale on October 25 for Carla Vista Snowboards in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles Periodic-FIFO Oct. 13 Oct. 25 I Debit Credit Carla Vista Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Carla Vista's purchases and sales of the ultra-lightweight snowboard in October: Date Oct. 1 10 12 13 25 27 Transaction Beginning inventory Purchase Sale Purchase Sale Purchase Units 25 30 (42) 35 (45) 20 Unit Purchase Price Unit Sales Price $299 307 313 319 $472 482 Assume that all of Carla Vista's sales are for cash and all of its purchases are on account. Record the purchase on October 10 and sale on October 12 for Carla Vista Snowboards in a perpetual inventory system under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to 3 decimal places, e.g. 5.275 and final answers to 2 decimal places, e.g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles Perpetual-FIFO Oct. 10 Oct. 12 Debit Credit (b). Record the purchase on October 13 and sale on October 25 for Carla Vista Snowboards in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles Periodic-FIFO Oct. 13 Oct. 25 I Debit Credit

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