Please do not give solution in image format thanku During January, a company that uses aperpetual inventory system had beginninginventory, purchases, and sales as follows:Units Costper unit.Begin Inventory100Jan 5 Sale10 Purchase15 Sale2525 Sale35REQUIRED: Prepare a schedule to showthe cost of goods sold and endinginventory using the moving weightedaverage method of costing roundingcalculations to two decimals.50$1270 $16

During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows: Units Cost per unit. Begin Inventory 100 $12 50 Jan 5 Sale 10 Purchase 15 Sale 25 25 Sale 35 REQUIRED: Prepare a schedule to show the cost of goods sold and ending 70 $16

During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows: Units Cost per unit. Begin Inventory 100 $12 50 Jan 5 Sale 10 Purchase 15 Sale 25 25 Sale 35 REQUIRED: Prepare a schedule to show the cost of goods sold and ending 70 $16

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13A: Perpetual Inventory Method: Lifo And Moving-average Methods

Section: Chapter Questions

Problem 2SPA: PERPETUAL: LIFO AND MOVING-AVERAGE Kelley Company began business on January 1, 20-1. Purchases and...

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Question

Please do not give solution in image format thanku

During January, a company that uses a
perpetual inventory system had beginning
inventory, purchases, and sales as follows:
Units Cost
per unit.
Begin Inventory
100
Jan 5 Sale
10 Purchase
15 Sale
25
25 Sale
35
REQUIRED: Prepare a schedule to show
the cost of goods sold and ending
inventory using the moving weighted
average method of costing rounding
calculations to two decimals.
50
$12
70 $16

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