Exercise b-17 ACC1162SP18 Exercise 6-4 Elsa\'s Boards sells a snowboard, Xpert,

Question

Exercise b-17 ACC1162SP18 Exercise 6-4 Elsa's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Elsa's purchases and sales of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Additional data regarding Elsa's sales of Xpert snowboards are provided below. Elsa's uses a 2 Exercise 6-18 perpetual inventory system. Explanation Units Cost Total Cost Date Sept. 1 Inventory 26 $97 $2,522 Sept. 12 Purchases 45 Sept. 19 Purchases 20 Sept. 26 Purchases 50105 5,250 Review Score Review Results by Study objective 102 4,590 2,080 104 141 $14,442 Unit Units Price 12 $199 199 209 Total Revenue 2,388 9,950 12,331 $24,669 Date Sept. 16 Sale Sept. 29 Totals 121 Calculate moving average cost at Sept 1, 5, 12, 16, 19, 26& 29. (Round answers to 2 decimal places, e.g. 1.25) September 1 s September 5s September 12 s September 16 September 19 September 26 s Sentember 29 97 100.81

Explanation / Answer

Working:

Sept.1 97.00 Sept.5 97.00 Sept.12 100.81 Sept.16 100.81 Sept.19 103.01 Sept.26 104.27 Sept.29 104.27

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