The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023. Beginning Feb. 10 Aug. 21 507 units@ $86/unit 255 units@ $83/unit 135 units@ $96/unit Stilton Company has two credit sales during the period. The units have a selling price of $146 per unit. Sales Mar. 15 335 units. Sept. 10 240 units Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) Irra Ending Inventory Cost of Goods Sold
The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023. Beginning Feb. 10 Aug. 21 507 units@ $86/unit 255 units@ $83/unit 135 units@ $96/unit Stilton Company has two credit sales during the period. The units have a selling price of $146 per unit. Sales Mar. 15 335 units. Sept. 10 240 units Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.) Irra Ending Inventory Cost of Goods Sold
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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