Use the Dynamic Exhibit to answer the following questions.?

1. ?When the number of units sold on November 21 is 36, the cost of merchandise sold on November 21 is $.

2. ?When the number of units sold on November 21 is 36, the ending inventory on November 30 is $.

3. ?When the number of units sold on November 21 is 8, the cost of merchandise sold on November 21 is $.

4. ?When the number of units sold on November 21 is 50, the ending inventory on November 30 is $.

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Perpetual Inventory Using Weighted Average: Beginning inventory, purchases, and sales for Item ER27 are as follows: Nov. 1 5 11 21 Assuming a perpetual inventory system and using the Weighted Average method, determine (a) the cost of merchandise sold on November 21 and (b) the inventory on November 30. Move the slider to change the values. Date Click on to view the information. Nov. 1 Inventory Sale Purchase Sale Nov. 5 NOW. II Nov. 21 Nov. 30 40 units at $5 30 units 70 units at $7 36 units Quantity 70 Balances Purchases Unit Cost 7,00 Total Cost 490.00 Number of units sold on November 21 Cost of Merchandise Sold 30 View Analysis Quantity 36 Unit Cost 5.00 6.75 Total Cost 150.00 243.00 393.00 Quantity 40 10 80 8 44 10 Inventory Unit Cost 5.00 5.00 6.75 ( 6.75 36 Total Cost 200.00 50.00 50 540.00 297.00 1 297.00€ Perpetual Inventory Using Weighted Average: Beginning inventory, purchases, and sales for Item ER27 are as follows: Nov. 1 5 11 21 Assuming a perpetual inventory system and using the Weighted Average method, determine (a) the cost of merchandise sold on November 21 and (b) the inventory on November 30. Move the slider to change the values. Date Click on to view the information. Nov. 1 Inventory Sale Purchase Sale Nov. 5 NOW. II Nov. 21 Nov. 30 40 units at $5 30 units 70 units at $7 36 units Quantity 70 Balances Purchases Unit Cost 7,00 Total Cost 490.00 Number of units sold on November 21 Cost of Merchandise Sold 30 View Analysis Quantity 36 Unit Cost 5.00 6.75 Total Cost 150.00 243.00 393.00 Quantity 40 10 80 8 44 10 Inventory Unit Cost 5.00 5.00 6.75 ( 6.75 36 Total Cost 200.00 50.00 50 540.00 297.00 1 297.00€

Answer rating: 100% (QA)

1cost of goods sold on november 21 if 36 units are sold 10 u... View the full answer