Using the weighted average method of perpetual inventory costing and Using the weighted average method of perpetual inventory costing and the information presented in E, compute the cost of materials used and the cost of the July 31 inventory. (Round unit prices to four decimal places and totals to the nearest whole dollar.) In E, July 1 Balance on hand, 1,000 yd of linen @ $4.00 each. 3 Issued 250 yd. 5 Received 500 yd @ $4.50 each. 6 Issued 150 yd. 10 Issued 110 yd. 11 Factory returned 10 yd, which were issued on the 10th, to the storeroom. 15 Received 500 yd @ $5.00 each. 20 Returned 300 yd to the vendor from the July 15 purchase. 26 Issued 600 yd. Using the weighted average method of perpetual inventory costing and
Using the weighted average method of perpetual inventory costing and Using the weighted average method of perpetual inventory costing and the information presented in E, compute the cost of materials used and the cost of the July 31 inventory. (Round unit prices to four decimal places and totals to the nearest whole dollar.) In E, July 1 Balance on hand, 1,000 yd of linen @ $4.00 each. 3 Issued 250 yd. 5 Received 500 yd @ $4.50 each. 6 Issued 150 yd. 10 Issued 110 yd. 11 Factory returned 10 yd, which were issued on the 10th, to the storeroom. 15 Received 500 yd @ $5.00 each. 20 Returned 300 yd to the vendor from the July 15 purchase. 26 Issued 600 yd. Using the weighted average method of perpetual inventory costing and
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 24CE: Inventory Costing: Average Cost Refer to the information for Filimonov Inc. and assume that the...
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Using the weighted average method of perpetual inventory costing and
Using the weighted average method of perpetual inventory costing and the information presented in E, compute the cost of materials used and the cost of the July 31 inventory. (Round unit prices to four decimal places and totals to the nearest whole dollar.)
In E, July 1 Balance on hand, 1,000 yd of linen @ $4.00 each.
3 Issued 250 yd.
5 Received 500 yd @ $4.50 each.
6 Issued 150 yd.
10 Issued 110 yd.
11 Factory returned 10 yd, which were issued on the 10th, to the storeroom.
15 Received 500 yd @ $5.00 each.
20 Returned 300 yd to the vendor from the July 15 purchase.
26 Issued 600 yd.
Using the weighted average method of perpetual inventory costing and
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