Question 1 - (30 Marks) Lybrand Company uses moving weight average method in reporting its...
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Question 1 - (30 Marks) Lybrand Company uses moving weight average method in reporting its Inventory values. Units 140 Unit Cost $55 Units Sold 130 Jan 1 Beginning inventory Mar 8 Sale Apr 10 Purchase May 25 Purchase Jun 20 Sale Oct 10 Purchase Nov 30 Sale 340 120 60 65 260 550 70 470 Total 860 Selling price per unit during the year: $95 Required Complete the following table with all necessary calculations. Required Complete the following table with all necessary calculations. Cost Total Periodic Date per Unit Purchased Units Cost S $ Perpetual Weighted Average Sold Units Units $ FIFO $ $ Units $
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