Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during march 11,700 units were sold wanhoe uses a

During March 11,700 units were sold Wanhoe uses a peribdic linvertory system. (a) Your anower...

70.2K

Verified Solution

Question

Accounting

image
image
During March 11,700 units were sold Wanhoe uses a peribdic linvertory system. (a) Your anower is correct. Determine the cost of goods mallable for sile. Cost of goods availabile for sale S Calculate weighted-anerage cost per unit: (Round answer to 3 decimal plases, es.5.125] Weighted-average cost per unit $ eTextbook and Media (b) 6. Your answer is incorrect. Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods iFIFO, UFO, and average-cost). (Round answers to 0 decimal places es 125) Pharash Compary Inc had a beginning imventory of 115 units of Product RST at a cost of \$9 per unit. During the year, purchases were: Pharoah Company uses a periodic imentory system Sales totaled 1500 units (a) Determine the cost of goods available for sale. The cost of goods availabie for ale $ Calculate weighted-average coat per unit. (Round answar fo 3 decinalplaces ef 5.125 ) Weighted-average cost per unit (b) Attempts 2 of 5 used Determine the ending inventory and the cost of poods sold under each of the assumed cost flow methoda FifO: LFO and average-conth. (Rocond answers to 0 decinai pitices es, 150 )

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

35. The Center for Medicare and Medical Services reported that there were 295,000 appeals for hospitalization...

Physics
1.2K views

Light incident at Brewster’s angle is reflected and fully polarized. What are some ways this can...

Accounting
1.2K views

Accounting Module assessment contains three parts (Parts 1, 2, and 3). Please follow the instructions carefully. Requirements Part 1: Prepare...

Physics
1.2K views

P As the drawing illustrates a pond full of water has the shape of an...

Basic Math
1.2K views

Two ships leave a harbor entrance at the same time. The first ship is traveling...

Algebra
1.2K views

Without using a calculator, compute the sine, cosine, and tangent of 5?/3 by using the...

Accounting
1.2K views

For each item, indicate the portion of the annual report in...

Accounting
1.2K views

Speed company sells mountain bikes for $300 per unit. Variable costs...

Accounting
1.2K views

COST ACCOUNTING GROUP PROJECT To be completed in groups of 4 students Fabulous Accessories Inc....

Accounting
1.2K views

Current Attempt in Progress The following three accounts appear in the general ledger of Crane...

Accounting
1.2K views

Una empresa paga $50 millones en efectivo para adquirir el 80% de las acciones de...

Accounting
1.2K views

Please read the article Krona vs Kronefrom Financial Times. Explain the path of the exchange...