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Question Number (5) In my Homework:

Chrome File Edit View History Bookmarks People Tab Window Help Fri 5:01 PM Q DE ... Bb Lessons / Assignments - 20215 X CengageNOWv2 | Online teach X y! Merchandise Inventory on the E X Course Hero Course Hero X + -> C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused Update : Chapter 7 Homework eBook O Weighted Average Cost Flow Method Under Perpetual Inventory System ? The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory 4,000 units at $20 Apr. 19 Sale 2,500 units June 30 Purchase 6,000 units at $24 Sept. 2 Sale 4,500 units Nov. 15 Purchase 1,000 units at $25 The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5. Round unit cost to two decimal places, if necessary Schedule of Cost of Merchandise Sold Weighted Average Cost Flow Method Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan. 1 4,000 20 $ 80,000 Apr. 19 2,500 $ 20 $ 50,000 1,500 20 30,000 June 30 6,000 $ 24 $ 144,000 7,500 23.2 174,000 Sept. 2 4,50 23.2 104,400 3,000 23.2 69,600 Nov. 15 1,000 25 25,000 4,000 23.65 94,600 Dec. 31 Balances $ 154,400 4,000 $ 23.65 $ 94,600 Next Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for Grading tv WChrome File Edit View History Bookmarks People Tab Window Help Fri 5:01 PM Q DE ... Bb Lessons / Assignments - X " CengageNOWv2 | Online X exhibit5.jpg (829x449) x y! Merchandise Inventory of X Course Hero x *Course Hero X +