Question

W See stem Announcements e canadian tation, Volume Questions Teal Mountain uses a periodic inventory system. In April, 600 units were sold and the following additional information is available: Units Unit Cost Total Cost April 1 Inventory 250 21.00 April 15 purchase 400 24.00 April 23 purchase 350 29.00 10,150 1,000 $25,000 $5,250 9.600 Calculate the Apr 30 inventory and the April cost of goods sold in the weighted average cost formula (Hound the weighted av Apr 30 inventory April cost of goods sold Study Calculate the April 30 inventory and the April cost of goods sold using the FIFO cost formula April 30 inventory April cost of goods sold Question Attempts of 1 used SANT FOR LATER SUBMIT ANSWER MacBook Pro

Answer 1

Answer of Part 1:

Cost of Goods sold Ending Inventory Ending # of units Cost per unit cost of Goods Sold # of units Cost per unt Inventory Cost of Goods Available for Sale Average Cost cost of Goods Cost per # of units Available for unit Sale Beginning Inventory 250 21.00 52 50 Purchases: Apr-15| 400 24.00 9500 Apr-23 350 29.00 10150 Total | 1000 25.00 25000 500 25.00 15000 400 25.00 10000

Answer of Part 2:

Cost of Goods Sold Ending inventory Cost per # of units unit 250 121.00 Cost of Goods Available for Sale FIFO Cost of Goods # of units Cost per Available for Unt Sale Beginning Inventory 250 21.00 52 50 Purchases: Apr-15| 400 24.00 9600 Apr-231 350 29.00 10150 Total 1000 25000 Cost per unt cost of # of units Goods Sold 52500 Ending Inventory 21.00 350 24.00 8400 50 350 400 24.00 29.00 1200 10150 500 13650