Jose Zorilla Uses A Perpetual Inventory System During April He Sold 700 Units 270 Units On April 20 And 430 Units On 1 (10.84 KiB) Viewed 14 times
Jose Zorilla Uses A Perpetual Inventory System During April He Sold 700 Units 270 Units On April 20 And 430 Units On 2 (8.5 KiB) Viewed 14 times
Jose Zorilla uses a perpetual inventory system. During April, he sold 700 units, (270 units on April 20 and 430 units on April 28). The following other information is available: April 1 inventory April 15 purchase April 23 purchase Units Unit Cost 250 $12.20 400 350 1,000 16.80 14.70 Total Cost $3,050.00 6,720.00 5.145.00 $14,915.00
Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted average cost per unit to 3 decimal places, eg. 5.275 and final answers to 2 decimal places, eg 5,275.25.) April 30 inventory April cost of goods sold
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