80.2K

Verified Solution

Link Copied!

please help

= Homework: Chapter 10 Exercises Question 2, E10-3 (simil... Part 1 of 30 HW Score: 0%, 0 of 13 points O Points: 0 of 3 Save Zoola, Inc provided the following information regatang its inventory for the current year, its socond year of operations the won to view the information) Requirement Corpu Zooka's ending wontory and cost of goods sold under nach of the following cost-ow methods assuming that the company unes a perpetual inventory system (round your answer for cost per unit to Me decimal places 2. Moving Average b. FIFO CLIFO - Requirementa. Comexto Zoo's ending inventory and cost of goods sold under the moving average com fow method assuming a perpetua invertory wstem (round your answer for cost per unit to todom place) Begin by entering Zook's purchase and sale ansactions in chronological order online at a time, calculating a new moving average cost per un to every transaction ( Uamus in partes for bold or for a reduction in cost. Round your answer for colper unit to two decimal places) Moving average Units Average Purchased Unit Cumulative Total Cumulative Cost Transaction (Sold Cost Units Cost Cost Per Unit inging in mbal Uses a perpetual inventory system Data table and m (round Transaction Units Unit Cost ction ar cog 3,300 $ 17.30 transactic 16.10 16.20 Unit Cost 17.70 Beginning inventory 1/1 Purchases, January 23 Purchases, February 14 Purchases, March 17 Units sold - April 13 at $27 Purchases, May 5 Purchases, July 4 Units sold - October 31 at $24 Purchases, November 22 4,200 1,000 2,200 9,400 5,900 3,300 8,200 1,200 15.40 16.20 15.90 Ask CI Print Done

Answer & Explanation Solved by verified expert

See Answer