Please full calculation and explanation. lem 6-2A Alternative cost flows-perpetual L02- Company has...

60.1K

Verified Solution

Question

Accounting

image

image

Please full calculation and explanation.

lem 6-2A Alternative cost flows-perpetual L02- Company has the following inventory and credit purchases duri $85/unit 250 units $82/unit 130 units 45/unit Ending inventory; a. $27,520.00: b. $27.274.00:2. Ending inventoru e fiscal year ende CHECK FIGURES: 1 The Stilton December 31, 2017. 500 units @ Beginning. Aug. 21.. sales during the period. The units have a selling price of $u 45:00 per Unit Sales 330 units 235 units Sept. 10.. 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 snaifi assuming the sales were specificalilu id lem 6-2A Alternative cost flows-perpetual L02- Company has the following inventory and credit purchases duri $85/unit 250 units $82/unit 130 units 45/unit Ending inventory; a. $27,520.00: b. $27.274.00:2. Ending inventoru e fiscal year ende CHECK FIGURES: 1 The Stilton December 31, 2017. 500 units @ Beginning. Aug. 21.. sales during the period. The units have a selling price of $u 45:00 per Unit Sales 330 units 235 units Sept. 10.. 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 snaifi assuming the sales were specificalilu id

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