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 Sold - Weighted Average Cost Cost of Goods Available for Sale Ending Inventory - Weighted Average Cost Weighted Average Cost Cost per unit Cost of Goods Available for Sale # of units Sold Cost of Goods Sold # of units in Ending Inventory Ending Inventory # of units Cost per Unit Cost per unit Beginning Inventory Purchases: 53 2$ 2,385 Apr 07 133 6,251 Jul 16 203 10.150 Oct 06 113 5,763 Total 502 2$ 24,549 Sales revenue
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 Sold - Weighted Average Cost Cost of Goods Available for Sale Ending Inventory - Weighted Average Cost Weighted Average Cost Cost per unit Cost of Goods Available for Sale # of units Sold Cost of Goods Sold # of units in Ending Inventory Ending Inventory # of units Cost per Unit Cost per unit Beginning Inventory Purchases: 53 2$ 2,385 Apr 07 133 6,251 Jul 16 203 10.150 Oct 06 113 5,763 Total 502 2$ 24,549 Sales revenue
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 3RE: Shaquille Corporation began the current year with inventory of 50,000. During the year, its...
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