Question

* More Info Jun. 3 16 23 Sold 36 units for $170 each. Purchased 50 units at $63 each. Sold 40 units for $170 each. Print Print Done Done Ticking Time specializes in designer watches and leather goods. Ticking Time uses the perpetual inventory system. Assume Ticking Time began June holding 66 wristwatches that cost $55 each. During June, Ticking Time bought and sold inventory as follows: (Click the icon to view the transactions.) Read the requirements. Purchases A More Info Unit Total Cost Cost of Goods Sold Unit Total Quantity Cost Cost Date Quantity Cost Inventory on Hand Unit Total Quantity Cost Cost 55 3,630 55 1,650 Jun. Jun. 1 3 16 23 Sold 36 units for $170 each. Purchased 50 units at $63 each. Sold 40 units for $170 each. 361 55 1,980 1650 23 633,150 D400 3,15076 Totals 50 Totals Print 3,150 4 0 Done Enter any number in the edit fields and then click Check Answer. 17 parts remaining Clear All Check Answer : Type here to search & e PAG 6:11 PM 122/2019

Answer 1

Weighted Average: Purchase Unit Date Quantity Cost June. 1 Total Cost Cost of Goods Sold Unit Total Quantity Cost Cost Quantity Cost 66 Inventory on Hand Unit Total Cost $55 $3,630 $1,650 $60 $4.800 $60 $2.400 $2,400 $55 $1,980 S35 161 50 $63 $3.150 S60 40 $2.400 $4,380 Totals 50 $3,150 76 40