Question: need help as soon as possible View Policies Current Attempt in Progress Pharoah Company uses a periodic inventory system. Its records show the following for

View Policies Current Attempt in Progress Pharoah Company uses a periodic inventory system. Its records show the following for the month of April, with 26 units on hand at April 30 April 1 12 16 Inventory Purchases Purchases Total Units 34 50 15 99 Unit Cost $8 10 11 Total Cost $272 500 165 937 Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and wehted average cost formulas. Round he weighted average cost per unit to 2 decimal places, s. 52.75 and final answers to decimal places, s 5.275) FIFO Welchted average 5 Ending Inventory $ Cost of Goods Sold $ $ O RI ES F6 FR F9 F10 F11 F12 Home End Insert Delete 96 A & Backspace 5 6 7 8 9 0 R . Y US Enter F K - / 15 Prove the cost of goods sold calculations. Round the average cost per unit to 2 decimal places, s. 52.75 and final answers to decimal places. es. 5.275) Check of Cost of Goods Sold (FIFO): Units Unit Cost Total Cost Apr. 1 $ Apr. 12 $ Weighted Average Check of Cost of Goods Sold: per units O El E F10 F11 F12 Home Ervd Inwert F9 F5 F6 F8 F7 Backse & ) 8 0 5 7 6 O R P U T Y
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
