80.2K

Verified Solution

Link Copied!

need answer the first picture's question

Complete Problem 6-2 A on page 447 and match the correct answer to the question asked. Choose... What is the total cost $ of goods available for sale? What are the total # of units sold? Choose... What is the ending inventory average $ under the moving weighted average method? Choose... Under the moving weighted average what is the COGS $ Choose... > > What is the ending inventory balance $ under the specific identification method? Choose... Under the moving weighted average method what was the closing average cost of ending inventory on Feb 10th? Choose... What are the total # of units available for sale? Choose... Complete Problem 6-2 A on page 447 and match the correct answer to the question asked. What is the total cost $ of goods available for sale? Choose... What are the total # of units sold? What is the ending inventory average $ under the moving weighted average method? Under the moving weighted average what is the COGS $ What is the ending inventory balance $ under the specific identification method? Choose... $92,750 $57,642.80 $77.16 580 765 455 $35,107.20 $75 $35,395 $73.94 $35,107.80 1,220 Under the moving weighted average method what was the closing average cost of ending inventory on Feb 10th? What are the total # of units available for sale? Problem 6-2A Alternative cost flowsperpetual Lo2 eXcel CHECK FIGURES: 1. Ending inventory, a. $35,750; b. $35,107.80; 2. Ending inventory = $35,395.00 The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020 447 CHAPTER 6 Inventory Costing and Valuation Beginning. Feb. 10. Aug, 21. 640 units 350 units 230 units $75/unit $72/unit $85/unit Stilton Company has two credit sales during the period. The units have a selling price of $135.00 per unit. Sales Mar. 15. 430 units Sept 10. 335 units Stilton Company uses a perpetual inventory system. Required 1. Calculate the dollar value of cost of goods sold and ending inventory using: a. FIFO b. Moving weighted average. Round to two decimal places. 2. Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assum- ing the sales were specifically identified as follows: Mar. 15: 230 units from beginning Inventory 200 units from the February 10 purchase Sept 10: 225 units from beginning Inventory 40 units from the February 10 purchase 70 units from the August 21 purchase 3. Using information from your answers in Parts 1 and 2, Journalize the credit purchase on February 10 and the credit sale on September 10 for each of: a. FIFO b. Moving weighted average c. Specific identification

Answer & Explanation Solved by verified expert

See Answer