Shown below is activity for one of the products of Tangarey s Woggle Equipment: January 1 balance,
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Question:
January 1 balance, 630 units @ $55 $34,650 | |
Purchases: | |
January 10: | 630 units @ $60 |
January 20: | 1,260 units @ $62 |
Sales: | |
January 12: | 900 units |
January 28: | 770 units |
Required:
Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses average cost and a perpetual inventory system.
Ending Inventory ?
Cost of Good Sold?
Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
Posted Date: