ezto.mheducati Trip e Lens Cost of Goods Sold 005 0.000 Units from Beginning Inv
ID: 2547014 • Letter: E
Question
ezto.mheducati Trip e Lens Cost of Goods Sold 005 0.000 Units from Beginning Inventory Units from March 2 Purchase 195$ 35.00 Units from June 30 Purchase-| 2400 S 3900. 0 240$ 39.00 435 290 Total Cost of Goods Sold Ending Inventory 9,770 b. Weighted average cost. Answer is complete but not entirely correct. Cost per Unit Units Total Beginning Inventory 190$ 33.00$ 6.270 295s 35.00 March 2 June 30 240S 39.00 535 725 Total Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory 19,685 25,955 435 s 0.00s o 10,382 First-in, Erst-out Answer is complete and correct. O Perodic) Units Cot Total 190 s 33.00 s 62 MacBook AiExplanation / Answer
PART I
Weighted Average cost per unit = [ (190*33)+(295*35)+(240*39)]/725 Units
= 25955 / 725 Units
= $ 35.80 /Unit
Cost of goods sold = 435 units x $ 35.80 per unit
= $ 15573
PART II
Units from Begining Inventory = 190 x 1/5 = 38 Units
Units from March 2 Purchase = 295 x 4/5 = 236 Units
Units from June 30 Purchase = 240 Units ( Full)
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