Just need some help on this and the parts that will follow please! Don't forget...
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Just need some help on this and the parts that will follow please! Don't forget to include the totals also please!
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Many thanks and God bless
E6-18 (similar to) Question Help Putter's Choice carries an inventory of putters and other golf clubs. The sales price of each putter is $117. Company records indicate the following for a particular line of Putter's Choice's putters: E: (Click the icon to view the records.) Read the requirements. Requirement 1. Prepare Putter's Choice's perpetual inventory record for the putters assuming Putter's Choice uses the weighted average inventory costing method. Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost of ending inventory and cost of goods sold for the month. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 0 Requirements - X - X Data Table Sep. 1 Date Item Quantity Unit Cost 22 S 60 Balance Sale 12 1. Prepare Putter's Choice's perpetual inventory record for the putters assuming Putter's Choice uses the weighted-average inventory costing method. Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost of ending inventory and cost of goods sold for the month. 2. Journalize Putter's Choice's inventory transactions using the weighted average inventory costing method. (Assume purchases and sales are made on account.) Sep. 1 Sep. 6 Sep. 8 Sep. 17 Sep. 30 Purchase 25 81 Sale 25 Sale 3 Print Done Print Done Enter any number in the edit fields and then click Check Answer. ? 14 parts Clear All remaining Check
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