Question: Required information Exercise 6-4B Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.) During the year, a


Required information Exercise 6-4B Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.) During the year, a company has the following inventory transactions. 49 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units Unit Cost Total Cost $ 41 $ 2,009 129 43 5,547 199 9,154 5,123 486 $21,833 109 For the entire year, the company sells 428 units of inventory for $59 each. 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost # of units Cost per unit Cost of Goods Available for Sale # of units Sold Cost per Unit Cost of Goods Sold # of units in Ending Inventory Cost per unit Ending Inventory 2,009 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 129 199 109 486 $ 59.0000 $ 5,547 9,154 5,123 21,833 428 $ 59 Sales revenue Gross profit
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