Question: Question 1 Fill in the missing amounts for items (a) through (o) as well as a1 through m1 in the following perpetual inventory records: Your

Question 1

Fill in the missing amounts for items (a) through (o) as well as a1 through m1 in the following perpetual inventory records:

Your answer is partially correct. Try again.
Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 5,250.)
Purchases Cost of Goods Sold Balance
Date Units Cost Total Units Cost Total Units Cost Total Units Total Cost WA Cost Per unit
Apr-01 Beginning Inventory
26 $11 $286 26 $11 $286
Apr-15 52 $13 $676

$

$

26 $286
52 $676

$

$

Apr-20 29 $

$

$

$

78 $962
-29 $357.57

$

$

Apr-23 47 $14 $658 96 $

$

49 $604.43
47 $658

$

$

Apr-28 54 $

$

42 $

$

96 $1,262.43
-54 $710.10
42 $

$

125 $1,620 83 $

42 $552.33

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!