CHO Company was formed on December 1, 2009. The following information is available from Jones's inventory...

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Accounting

CHO Company was formed on December 1, 2009. The followinginformation is available from Jones's inventory record for ProductX.
                                                                                                                   Units       Unit Cost
            January 1, 2010 (beginninginventory)                                      1,600     $18.00
            Purchases:
                  January 5,2010                                                                     2,600     $20.00
                  January 25,2010                                                                   2,400     $21.00
                  February 16,2010                                                                 1,000     $22.00
                  March 15,2010                                                                     1,800     $23.00
A physical inventory on March 31, 2010, shows 2,500 units onhand.
Prepare schedules to compute the ending inventory atMarch 31, 2010, using Weighted-average.

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3.9 Ratings (486 Votes)

Answer Working Units available for sale 9400 units Units in ending inventory 2500 units Units sold 9400 2500 6900 units Schedules asked has been provided in two formats weighted average cost has been rounded See Answer

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