Question: Use the following information for the Quick Study below. (Algo) (8-10) The following information applies to the questions displayed below) A company reports the following

 Use the following information for the Quick Study below. (Algo) (8-10)
The following information applies to the questions displayed below) A company reports

Use the following information for the Quick Study below. (Algo) (8-10) The following information applies to the questions displayed below) A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 320 units. Ending inventory at January 31 totals 140 units boglaning inventory on January 1 Purchase on January Purchase on January 25 Unita 290 70 100 Unit cost $2.70 2.90 3.04 QS 6-10A (Algo) Periodic: Inventory costing with weighted average LO P3 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round per unit costs to 2 decimal places.) Weighted average - Periodic Goods Available for Sale Cost of Goods Sold Cost of Goods of units Average Cost of # of units Cost per unit Available for sold Cost per Sale Goods Sold Unit Ending Inventory of units in ending Inventory Average cost per unit Ending Inventory Beginning inventory Purchases January January 25 Total 5 0.00 $ 0.00 HEY HOU Use the following information for the Quick Study below. (Algo) (8-10) {The following information applies to the questions displayed below) A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 320 units. Ending inventory at January 31 totals 140 units. Units Unit Cost Beginning inventory on January 290 $ 2.70 Purchase on January 70 Purchase on January 25 100 2.90 59 QS 6-9A (Algo) Periodic: Inventory costing with LIFO LO P3 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method (Round your per unit costs to 2 decimal places.) Periodic LIFO Cost of Goods Sold Cost of Goods Available for Sale of Cost per Cost of Goods uni Avaliable for Sale 0 of unite sold Cost per Inventory Balance of units Cost per Ending in ending unit Inventory Inventory Cost of Goods Sold unit Beginning inventory Purchases January January 25 Total 0 0 $ 5

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