Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dec. 31 ending inventory q:145 selling price:19jan

Dec. 31 Ending inventory q:145 selling price:19Jan. 2 Purchase q:90 selling price:21Jan. 6 Sale...Dec....

50.1K

Verified Solution

Question

Accounting

Dec. 31 Ending inventory q:145 selling price:19

Jan. 2 Purchase q:90 selling price:21

Jan. 6 Sale q:166 seling price:43

Jan. 9 Purchase q:75 selling price:23

Jan. 10 Sale q:52 Selling price:48

Jan. 23 Purchase q:94 selling price:24
Jan. 30 Sale q:143 selling price:51

calculate average cost for each unit

Answer & Explanation Solved by verified expert
4.1 Ratings (541 Votes)
SOLUTION WE ASSUME THAT ENTITY ELECT TO USE THE WEIGHTED AVERAGE COST METHOD CALCULATION OF WEIGHTED AVERAGE COST PER UNIT FOR MONTH OF JANUARY PARTICULARS CHANGE IN QUANTITY UNIT COST TOTAL ACTUAL COSTCHANGE IN QUANTITYCOST UNIT BEGINNING INVENTORY 145 19 2755 PURCHASE JAN 2 90 21 1890 SALE    See Answer
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

Transcribed Image Text

In: AccountingDec. 31 Ending inventory q:145 selling price:19Jan. 2 Purchase q:90 selling price:21Jan. 6 Sale...Dec. 31 Ending inventory q:145 selling price:19Jan. 2 Purchase q:90 selling price:21Jan. 6 Sale q:166 seling price:43Jan. 9 Purchase q:75 selling price:23Jan. 10 Sale q:52 Selling price:48Jan. 23 Purchase q:94 selling price:24Jan. 30 Sale q:143 selling price:51calculate average cost for each unit

Other questions asked by students

Q

Equilibrium receptor regions in the vestibule are called _________ and they monitor ________movements. A)cristae ampullares; rotational B)otolithic membranes;...

Medical Sciences
Q

The half reaction shown below is a an NADH NAD H 2e Oxidation Reduction reaction

Biology
Q

The adoption of agriculture resulted in an increase in health generally Owidespread weight gain a...

Biology
Q

Two particles carrying charges 1 C and 2 separated by a distance d apply force...

Physics
Q

vector of the object is A 31 4 12k B 3i 4j 12k C 31...

Physics
Q

22 Two similar small balls of mass m and charge q each are suspended by...

Physics
Q

Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices...

Accounting
Q

Big Box Inc. reported a net operating loss of ($ 150) for the year ended...

Accounting
Q

Cullumber Company uses budgets in controlling costs. The August 2022 budget report for the company's...

Accounting
Q

If the call options exercise price is $120. The current stock price is $100. When...

Finance
Q

3. Assume that you want to save $20,000 after 4 years. Today you will invest...

Finance
Q

Individuals employed by audit firms are normally subject to the firms professional code of conduct....

Accounting