•Problem 6-3A Alternative cost flows-periodic LO8

CHECK FIGURES: Cost of goods sold: a. $57,000.00; b. $58,160.90

Use the data from Problem 6-2A and do Part 1, assuming Stilton Company uses a periodic inventory costing system. Round calculations to two decimal places.

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S sold. unt and determined you have been asked em. Note: Only rlev (S) Total Value ( 5000 not Problem 6-2A Alternative cost flows-perpetual LO2 excel CHECK FIGURES: 1. Ending inventory; a. $35,750; b. $35,107.80; 2. Ending inventory = $35,395.00 The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023. Beginning. Feb. 10 Aug. 21 SERTIVITEHARIN Mar. 15. Sept. 10. Stilton Company has two credit sales during the period. The units have a selling price of $135.00 per unit. Sales 640 units @ 350 units @ 230 units @ 167 $75/unit $72/unit $85/unit 430 units 335 units b. Moving weighted average. Round to two decimal places. Stilton Company uses a perpetual inventory system. Required 1. Calculate the dollar value of cost of goods sold and ending inventory using: a. FIFO f goods sold and ending inventory using specific identification, assum- S sold. unt and determined you have been asked em. Note: Only rlev (S) Total Value ( 5000 not Problem 6-2A Alternative cost flows-perpetual LO2 excel CHECK FIGURES: 1. Ending inventory; a. $35,750; b. $35,107.80; 2. Ending inventory = $35,395.00 The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023. Beginning. Feb. 10 Aug. 21 SERTIVITEHARIN Mar. 15. Sept. 10. Stilton Company has two credit sales during the period. The units have a selling price of $135.00 per unit. Sales 640 units @ 350 units @ 230 units @ 167 $75/unit $72/unit $85/unit 430 units 335 units b. Moving weighted average. Round to two decimal places. Stilton Company uses a perpetual inventory system. Required 1. Calculate the dollar value of cost of goods sold and ending inventory using: a. FIFO f goods sold and ending inventory using specific identification, assum-

Answer rating: 100% (QA)

Explanation Solution 62A To solve this problem we can calculate the cost of goods sold COGS and ending inventory using the FIFO and Moving Weighted Av... View the full answer