Question: not sure if this is correct please help gnment Chp. 5 i Help Sex st A company reports the following beginning inventory and two purchases
gnment Chp. 5 i Help Sex st A company reports the following beginning inventory and two purchases for the month of January on January 26, the company 330 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units Unit Cost 300 $ 2.80 703.00 100 3.14 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) BARBARA Weighted Average - Perpetual: Goods purchased Date #ofc units unit # of Cost per Cost of Goods Sold Cost per Cost of Goods unit Sold units Inventory Balance funt cost per Inventory unit Balance 300 @ $ 280 = $ 840.00 sold January 1 January 9 70 @ $ 3.00 Average cost January 25 300 @ 70 @ 370 @ 3701 al 470 @ 140 @ $ 2.80 = $ 3.00 - $ 2.84 $ 2.84 = 3.14 = $ 2.90 $ 2.90 - 100 @ $ 3.14 $ 840.00 210.00 $1,050.00 $1,050.80 314.00 $1,364.80 $ 406.00 $ 406.00 s Average cost 330 @ $ 2.90 = $ 957.00 $ 957.00 January 26 Totals
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