Given below are the activities performed by Pixels Inc. that is expected to affect their inventory...

  

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Given below are the activities performed by Pixels Inc. that is expected to affect their inventory position. Assume that you are the cost accountant of the company. Analyze these activities and prepare the Inventory records (using weighted average method) to help the management find the cost of goods sold and closing value of inventory. (Round your calculations up to 2 decimal places): Purchased 110 kg @$56 Purchased 205 Kg @$54 Issued 135 kg to manufacturing process Spend following expenses on manufacturing to complete: Cleaning expenses Supplies consumed $400 $515 $142 $198 Utilities Allocated indirect expenses Purchased 190 kg @$55.6 Sold 99 kg @$102 Issued 190 kg to manufacturing process Spend following expenses on manufacturing and goods were not completed: Direct expenses $666 $764 Allocated variable overheads Allocated fixed overheads Sold 105 kg @$104 Purchased 138 kg @$54.8 $299 Given below are the activities performed by Pixels Inc. that is expected to affect their inventory position. Assume that you are the cost accountant of the company. Analyze these activities and prepare the Inventory records (using weighted average method) to help the management find the cost of goods sold and closing value of inventory. (Round your calculations up to 2 decimal places): Purchased 110 kg @$56 Purchased 205 Kg @$54 Issued 135 kg to manufacturing process Spend following expenses on manufacturing to complete: Cleaning expenses Supplies consumed $400 $515 $142 $198 Utilities Allocated indirect expenses Purchased 190 kg @$55.6 Sold 99 kg @$102 Issued 190 kg to manufacturing process Spend following expenses on manufacturing and goods were not completed: Direct expenses $666 $764 Allocated variable overheads Allocated fixed overheads Sold 105 kg @$104 Purchased 138 kg @$54.8 $299

Answer rating: 100% (QA)

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