Retu Intermediate Accounting, 166e l System Announcements Question 1 Pharoah Com

Question

Retu Intermediate Accounting, 166e l System Announcements Question 1 Pharoah Company uses a periodic inventory system. For April, when the company sold 600 units, the UnitTotal Cost Units Cost April 1 inventory 280 April 15 purchase450 April 23 purchase 270 1,000 $31 $8,680 37 16,650 10,800 $36,130 40 Your answer is correct. Calculate weighted average cost per unit. (Round answver to 2 decimal places, e.g. 2.76.) Weighted average cost per unit 6.1 SHOW SOLUTION LINK TO TEXT Your answer is incorrect. Try again. Compute the Aprl 30 inventory and the April cost of goods sold using the average-cost method. (Rour Ending inventorys Cost of goods sold Click if you would like to Show Work for this question: zan Sho W

Explanation / Answer

Ending inventory=(1000-600)=400 units

Ending inventory(400*36.13) $14452 COGS(600*36.13) $21678

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