Teat Mountain uses a periodic inventory system in April, 600 units were sold and the following additional information is available 4 Unit Cost $15.00 20.00 24.00 April 1 inventory April 15 purchase April 23 purchase April 30 inventory Units April cost of goods sold 250 400 350 1.000 Total Cost $3,750 8,000 8,400 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 2 decimal places, eg 15.25 and final answer to 0 decimal places, eg. 5,125) $20,150 8060 12090

Teat Mountain uses a periodic inventory system in April, 600 units were sold and the following additional information is available 4 Unit Cost $15.00 20.00 24.00 April 1 inventory April 15 purchase April 23 purchase April 30 inventory Units April cost of goods sold 250 400 350 1.000 Total Cost $3,750 8,000 8,400 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 2 decimal places, eg 15.25 and final answer to 0 decimal places, eg. 5,125) $20,150 8060 12090

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Description: Teat Mountain uses a periodic inventory system. In April, 600 units were sold and the following additional information is availableTotal Cost$3,750April 1 inventoryApril 15 purchaseApril 23 purchaseApril 30 inventoryUnits250April cost of goods sold4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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