Homework: Week 4 Chapter 06 exercises Score: 0 of 1 pt 6 of 10 08 complete) Hw S
ID: 2402326 • Letter: H
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Homework: Week 4 Chapter 06 exercises Score: 0 of 1 pt 6 of 10 08 complete) Hw Score: 53.55%, 536 of 10 pt E6-18 (similar to) Question Help ? Gof Haven carries an inventory of putters and other golf clubs. The sales price of each puter is $117. Company reconds indicato the folowing for a partioudlar Ine do Have's puer clck the icon to view te records) Read the gurements. Requirement 1. Prepare colf Haven' perpetial invertony recond tor the puans assumings the wrighted avernage ivtoy cling methiod. Round wighas-avernge cont per unit to nearest dolar. Then identify the cost of ending inventory and cost of goods sold for the month average Golf Haven uses the weighted average inventory coating method. Round weightad-average cost per unit to the nearest cent and all other amounts to h of goods sold for the month. balances. Enter the transactions in chronological order, caloulating new inventory on hand balances end dre after each transaction Once all of the ranactins have been entered into the perpetual recrd t Start by entering the beginning Invantory calculate the quardtyard ?tai oost of mentory purchased, sold, wd on hand . Cost of Goods Sold Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Ces ostuantity os Cont Sep. 1 Check Answr Enter any number in the edit Selds and then click Check Answer Clear AllExplanation / Answer
1.
2. In the books of Golf Haven :
Golf Haven Stores Ledger For the month ended September 30 Date Purchases Cost of Goods Sold Inventory on Hand Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Sep 1 8 $ 72 $ 576 Sep 6 2 $ 72 $ 144 6 $ 72 $ 432 Sep 8 12 $ 75 $ 900 18 $ 74 $ 1,332 Sep 17 12 $ 74 $ 888 6 $ 74 $ 444 Sep 30 2 $ 74 $ 148 4 $ 74 $ 296 Totals 12 $ 75 $ 900 16 $ 1,180 4 $ 74 $ 296Related Questions
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