Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. give answer with detail p top light company uses a

give answer with detail P Top Light Company uses a perpetual inventory system. The company...

90.2K

Verified Solution

Question

Accounting

give answer with detail P Top Light Company uses a perpetual inventory system. The company began 2021 with 1,000 lamps in inventory at a cost of $12 per unit. During 2021, Top Light had the following purchases and sales of lamps: February 15 Purchased 2,000 units @ $18 per unit April 24 Sold 2,500 units @ $30 per unit June 6 Purchased 3,500 units @ $23 per unit October 18 Sold 2,000 units @ $33 per unit December 4 Purchased 1,400 units @ $26 per unit All purchases and sales are on account.

1. What is the Weighted Average per unit cost and total cost of ending inventory on Oct 18

2. What is the Weighted Average total cost of ending inventory ending inventory in units and cost of goods sold on December 4

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

Q

At the end of April Mandy told Bill that she has read 16 books this...

Algebra
Q

Describe a scenario where a researcher could use a One-Way ANOVA to answer a research question....

Basic Math
Q

Describe the possible mechanisms involved in the development of atherosclerosis. Describe mechanisms of development of atheroschlerosis. Discuss the...

Medical Sciences
Q

Question 1 A stepper motor advances 2.5ÌŠ per step. How many pulses are needed to complete 3...

Electrical Engineering
Q

network of resistances is 202 D neet prep 1 2 3 20 3V ww 252...

Physics
Q

6 What is BD a 7 5 b 8 5 4 C d

Geometry
Q

6 You invested your savings of 270 which gets 15 compounded annually for 3 years...

Basic Math
Q

know the definition of Economic Growth Be able to list the factors of economic growth...

Statistics
Q

K Construct one table that includes relative frequencies based on the frequency distributions shown below...

Statistics
Q

please solve each part Information for two alternative projects involving machinery investments...

Accounting
Q

QUESTION 3(FINANCIAL INSTRUMENTS)[IAS32, IFRS9][30 marks] On 1 January 2017, Munya Tsatsa (Pty) Ltd,...

Accounting
Q

please help! Please read the question before answering. I will upvote for clear step by...

Finance