Question: red xs are wrong only need answer in same format no need to show work thx Ferris Company began January with 4.000 units of
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red xs are wrong only need answer in same format no need to show work thx
Ferris Company began January with 4.000 units of its principal product. The cost of each unit is $7. Merchandise transactions for the month of January are as follows: Purchases Unit Costs Units 3,000 Date of Purchase Jan. 10 Jan. 18 Totals Total Cost $24.ee 36, eee 60,eee 7.ee * Includes purchase price and cost of freight Sales Date of Sale Jan. 5 Jan. 12 Jan. 20 Total Units 2,800 1,000 3,eee 6,000 5.000 units were on hand at the end of the month. Calculate January's ending Inventory and cost of goods sold for the month using Average cost perpetual system. (Round average ost per unit to 4 decimal places. Enter sales with a negative sign.) Perpetual Average Beginning Inventory Sale - January 5 Subtotal Average Dost Purchase - January 10 Subtotal Average Sost Sale - January 12 Subtotal Average Cost Purchase - January 18 Subtotal Average Cost Sale - January 20 Answer is complete but not entirely correct. Inventory on hand Cost of Goods Sold # of Cost # of Inventory Cost of per Avg.Cost units units Goods unit Value sold per unit Sold 4.000 7.0000 $28.000 2.000 7.0000 14,000 6.000 7.0000 42,000 3.000 8.0000 24,000 9,000 7.6000 68,000 4.000 7.80000 30,400 13,000 7.8000 98,400 4.000 0.0000 38.000 17,000 8.3000 132,400 24.900 $ 157,300 3.000 8.3000 20.000 Total 0 0
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