Solve the problem using the information given in the table and the weighted-average inventory method. Round the final answer to the nearest cent - do no round other calculation. Calculate the cost of goods sold. Answer: ($2,053.55) The answer is here but I need to know HOW to get the answer - the chart is attached.

Solve the problem using the information given in the table and the weighted-average inventory method. Round the final answer to the nearest cent - do no round other calculation. Calculate the cost of goods sold. Answer: ($2,053.55) The answer is here but I need to know HOW to get the answer - the chart is attached.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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FE19Closing InventoryDec Type Qty Price1 Op Inv 65 $34.001 Purchase 79 $36.2511 Purchase 72 $36.5018 Purchase 60 $36.7522 Purchase 59 $37.003 Sale -84 $45.005 Sale -45 $46.0019 Sale -85 $48.0029 Sale -48 $49.0031 Sale -57 $50.00Required:a) Calculate closing inventory Qty and Value as per FIFO method b) Calculate closing inventory Qty and Value as per Weightage Average method
X CengageNOWv2 | Online teachin X + com/ilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator assign... eBook Show Me How Weighted average cost flow method under perpetual inventory system The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory 9,000 units at $50.00 Mar. 18 Sale 7,000 units May 2 Purchase 8,000 units at $56.50 Aug. 9 Sale 8,000 units Oct. 20 Purchase A✩ 中 4,000 units at $60.00 The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5. Round your "Unit Cost" answers to two decimal places. Weighted Average Cost Flow Method Goods Sold Cost of
Date Blankets Units Cost May 3 Purchase $15 10 Sale 3 17 Purchase 12 $18 20 Sale 5 23 Sale 3 30 Purchase $23 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the LIFO inventory cost method. Oa. s207 Ob. $54 Oc. 545 Od. s00
Multiple Choice Questions If inventory was purchased for $2 288 inclusive of GST, what would the GST amount be? $22.88 $229.00 $208.00 $20.80
BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofgoods sold $81,000 $111,000 $ (a) $ (b) $121,000 $50,000 $ (c) $115,000 $34,000 $ (d) $ (e) $101,000 $161,000
Date Transaction Number of Units Unit Cost & 1 Beginning inventory 400 $10 8/3 Purchase No. 1 600 $10 85 Sale No. 1 500 817 Sale No. 2 200 8/11 Purchase No. 2 800 $12 8/17 Sale No. 3 1900 8/19 Purchase No. 3 1500 $11 8/21 Sale No. 4 I 800 8/28 Sale No. 5 500 8/29 Purchase No. 4 900 $10 8/30 Ending inventory Required: Determine the amount of the ending inventory and cost of goods sold under of the following methods assuming the periodic inventory system. Method Weighted-average b FIFO S each Inventory Cost of Goods Sold $ $
Unit Cost Date Quantity Item 24 $ 53 Nov. 1 Balance 6 Sale 20 30 70 8 Purchase 17 Sale 30 LIP 30 Sale Pua
Chapter 1-Inventories Inancial lued a ating Mega Company had the following inventory transactions during 2019 Unit Selling Price Units 250 200 275 (120) (55) (250) 300 Unit Cost P10.50 11.00 Inventory, January 1 Purchase, March 7 Purchase, July 15 Sale, May 20 Sale, June 30 Sale, September 17 Inventory, December 31 अधि a P562,500 11.75 P14.00 15.00 16.00 endor om eived and shipped on REQUIRED: 31, 2019 ry 2, 2020 -The goods Determine the cost of ending Insontory, cost of goods sold and gross profit under cach of the following inientory cost flru methods. Complete the table given beiow. cost to nearest rentare and total cost fo neerest pese (Where necessary, round off unit पा oापा ecember 31 in the year ere deliverr Cost of End ng Inventory Cost of Goods Sold Gross Proft FIFO Weighted Average received an
FE9Advice the closing inventory value as at July 31stProduct Qty On Hand Cost NRVWJ01 225 $0.05 $1.00WJ02 114 $0.20 $0.90WJ03 74 $2.00 $1.60WJ04 35 $6.20 $6.18WJ05 3 $2,500.00 $2,550.00WJ06 58 $1.50 $1.55a) 7,986.05b) 7,955.75c) 8,402.20d) 7,960.65
Number of Units Date Transaction Cost Apr. 1 Beginning inventory Apr.20 Purchase 480 $2.0 35e 2.68 Dunbar sold 590 unts of inentory during the month Endng inventory assuning welhted average cost would be decimal pisces and final enswer to the neerest doller amount)
Units Unit Cost Total Cost Units Sold Beginning Inventory 32 $18 $576 Sale no. 1 10 Purchase no. 1 28 20 560 Sale no. 2 32 Purchase no. 2 20 19 380 Totals 80 $1,516 42 Assuming Newtown, Inc., uses FIFO inventory procedures, the ending inventory cost is:
M&M Inventory Cost Total DATE Color of Units Cost Unit 1st Red 2 $10 20 3rd Orange $12 24 5th Yellow 4 $14 56 Sold SALE 6th 3 #1 Units 8th Green $16 32 10th Blue 3 $18 54 Sold SALE 11th 4 #2 Units 12th Brown 3 $20 60 Sold SALE 15th # 3 Units Calculate COGS for each sale and Ending Inventory under FIFO, LIFO, and Wtd. Avg. Methods %23 2.

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