Question: PLEASE SOLVE SECOND PART - WEIGHTED AVERAGE AS THE ANSWER PREVIOUSLY ON CHEGG IS NOT CORRECT i GUESS OR WE ARE UNABLE TO UNDERSTAND. pLEASE

PLEASE SOLVE SECOND PART - WEIGHTED AVERAGE AS THE ANSWER PREVIOUSLY ON CHEGG IS NOT CORRECT i GUESS OR WE ARE UNABLE TO UNDERSTAND. pLEASE IT WOULD BE GREAT HELP. tHANK YOU

Blythe Inc. uses a perpetual inventory system and had the following activity for a single inventory item: Units Unit Cost Total Cost March 1, inventory 500 $2.50 $1,250 Purchases: March 5 250 3.50 875 March 10 175 4.50 787.50 March 15 100 5.50 550 Sales: March 11 550 March 19 375 Instructions Determine the ending inventory and cost of goods sold under: a) FIFO b) Weighted-average (round unit cost to nearest cent)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

This unadjusted trial balance is for Challenger Construction at the end of its fiscal year, September 30, 2020. The beginning balance of the owner?s capital account was $46,000 and the owner invested...

Rev.Confirming Pages C H A P T E R 7 Planning, Composing, and Revising Chapter Outline The Ways Good Writers Write Activities in the Composing Process Using Your Time Effectively Brainstorming,...

1. From the scenario, cite your forecasting conclusions that support TFC?s decision to expand to the West Coast market. Speculate as to whether or not the agency conflict discussed in the scenario...

Please respond to discussion board 4 & 5 question that is shown after the discussion board rubric/requirements. Please do not copy/paste from sources. Write in own words and cite where it came from....

******ebook converter DEMO Watermarks******* ******ebook converter DEMO Watermarks******* ******ebook converter DEMO Watermarks******* ******ebook converter DEMO Watermarks******* Also by Marcus...

I need your help with this: Can you please quote from the attached chapters / resource if possible? Corporations often use different costs of capital for different operating divisions. Using an...

Topic: Conducting personal job interviews using the star model 1-Design a two-hour training work plan for 10 trainees 2-Determine the quality of trainees 3-Use the training design model Formulate one...

I hope you can answer this question and find the reference below the question. Thank you Topic: Conducting personal job interviews using the STAR model 1- Design a two-hour training work plan for 10...

1-Please provide 5 cross-examination questions for: Chris Moss Dr. Gerry Stein Sydney Payne Terry Preece Leslie Brown Alex Lloyd 2-Explain why/how/if you would use exhibits A, B, C, and D. 3-What...

Please create an excel spreadsheet with formulas for requirement 5 (pages 24-27)and requirement 6 (pages 28-31)only. Please submit in excel format. Both questions and answers are provided for...

SOLVE ALL, You have recently been hired as a consultant for Cranberry Distributors. Cranberry Distributors grows and ships cranberries to several international clients with invoices denominated in...

Consider an ideal gas-turbine cycle with two stages of compression and two stages of expansion. The pressure ratio across each stage of the compressor and turbine is 3. The air enters each stage of...

On September 1, 2017, Hancock Company entered into two forward exchange contracts to purchase 250,000 euros each in 90 days. The relevant exchange rates are as follows: Forward Rate For Dec. 1, 2017...

Which of the following statements regarding other post-employment benefits are true? Multiple select question. The right to these benefits and most of the costs occur during the employees' service...

Lost Peak ski resort was for many years a small, family-owned resort serving day skiers from nearby towns. Lost Peak was recently acquired by Western Resorts, a major ski resort operator. The new...

The comparative statements of Villa Tool Company are presented below. All sales were on account. The allowance for doubtful accounts was $3,200 on December 31, 2011, and $3,000 on December 31, 2010....

Corinne Dunbar, M.D., maintains the accounting records of Dunbar Clinic on a cash basis. During 2012, Dr. Dunbar collected $142,600 from her patients and paid $60,470 in expenses. At January 1, 2012,...

Bella Company has the following comparative balance sheet data. Additional information for 2013:1. Net income was $25,000.2. Sales on account were $410,000. Sales returns and allowances were...

The comparative statements of Larker Tool Company are presented below. All sales were on account. Instructions Compute the following ratios for 2014. (Weighted-average common shares in 2014 were...

Consider the following Project activities. \ table [ [ Activity , \ table [ [ Immed . ] , [ Predec . ] ] , \ table [ [ Optimistic ] , [ Time ( Hr ) ] ] , \ table [ [ Most Likely ] , [ Time ( Hr ) ] ]...

Describe the relationship between individual and group behavior and organizational performance.

How do you regularly measure these costs and revenues and communicate them through the organization?

List the three approaches to handling human relations problems and discuss which is the most effective approach.