Question
In: Accounting
Problem 6-05A a1-a3 You have the following information for Nash's Trading Post, LLC for the month...
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Solutions
Expert Solution
· Requirement asked:
Weighted average Cost = $ 9020 / 340 units = $ 26.529 [Answer]
|
Average Method |
Cost of Goods available for sale |
||
|
Units |
Cost/unit |
COG for sale |
|
|
Beginning Inventory |
50 |
$ 24.00 |
$ 1,200.00 |
|
Purchases: |
|||
|
09-Oct |
130 |
$ 26.00 |
$ 3,380.00 |
|
17-Oct |
100 |
$ 27.00 |
$ 2,700.00 |
|
25-Oct |
60 |
$ 29.00 |
$ 1,740.00 |
|
TOTAL |
340 |
$ 26.5294 |
$ 9,020.00 |
ekkarill92 answered 1 year agoRelated Solutions
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