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Determine the ending inventory under a perpetual inventory system
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I need to check to see if my answer to a problem is correct. Determine the ending inventory cost? jan.1 beg. Inventory... 50 units at @$20 7 purchase... 200 units @$22 feb.10 purchase... 130 units @ $23 mar.5 purchase... 180 units @ $24 23 purhcase... 100 units @ $26 My answer...
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Perpetual Inventory system Number of units Unit cost Unit sale price Mar.1 Beginning Inventory 50 15 Mar.2 Purchase 12 20 Mar.8 Sale 40 36
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Jan. 1 Inventory... 100 units at... $5.00 each Jan. 4 Sale... 80 units at... $8.00 each Jan.11 Purchase... 150 units at... $6.00 each Jan. 13 Sale... 120 units at... $8.75 each Jan. 20 Purchase... 160 units at... $7.00 each Jan. 27 Sale... 100 units at... $9.00 each The correct journal... View more questions Search
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