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a) Fill in the missing numbers in the inventory schedule using the weighted-average cost inventory...

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Question

Accounting

a) Fill in the missing numbers in the inventory schedule using the weighted-average cost inventory valuation method. This company uses the perpetual inventory system.
Do not enter dollar signs or commas in the input boxes.
Round all answers to 2 decimal places. When calculating the unit cost, round to 2 decimal places as well.
Inventory Schedule
Purchases Sales Balance
Transaction Description Quantity Amount Quantity Amount Quantity Amount
Opening Balance 0 $ 0
#1 Purchase from DD Co.500 $7,500.00 Answer
$Answer
Answer
$Answer
#2 Sale to EE Co. Answer
$Answer
Answer
$Answer
250 $3,750.00
#3 Sale to FF Co. Answer
$Answer
125 $Answer
Answer
$Answer
#4 Purchase from GGG Co.60 $1,200.00 Answer
$Answer
Answer
$Answer
#5 Sale to HH Co. Answer
$Answer
30 $Answer
Answer
$Answer
b) What is the value of ending inventory?
Ending Inventory = $Answer
c) What is the total COGS for all the sales presented in this question?
COGS = $Answer

Answer & Explanation Solved by verified expert
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