Consider the following inventory information for last year:
The company uses a periodic inventory system. The year-end inventory count indicated 3,700 units in inventory.
Required:
a. Calculate the weighted-average cost per unit for the year.
b. Calculate the ending inventory value and the cost of goods sold for the year.

Question

Consider the following inventory information for last year:
  The company uses a periodic inventory system. The year-end inventory count indicated 3,700 units in inventory.
Required:
a. Calculate the weighted-average cost per unit for the year.
b. Calculate the ending inventory value and the cost of goods sold for the year.

Quizplus · Accepted Answer

The Answer of Consider the following inventory information for last year:
  The company uses a periodic inventory system. The year-end inventory count indicated 3,700 units in inventory.
Required:
a. Calculate the weighted-average cost per unit for the year.
b. Calculate the ending inventory value and the cost of goods sold for the year.

Consider the Following Inventory Information for Last Year