Test: Exam 2 Time Remaining: 00.37 25 This Question: 1 pt 9of41 (10 complete) Th
ID: 2593422 • Letter: T
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Test: Exam 2 Time Remaining: 00.37 25 This Question: 1 pt 9of41 (10 complete) This Test: 4 Vaclav Company has the following data available: Units Sokd Units Purchased 850 325 Unit Cost $30 32 Transactiorn Beginning Inventory Oct. 1 Purchase Oct. 10 Sale Oct 14 Purchase Oct 20 Sale Oct 22 Purchase Oct. 29 Sale 425 600 525 450 36 400 37 If Vaclav Company uses a perpetual moving-average inventory system, the cost of ending inventory on October 31 is(Round average cost p four decimal places and all other numbers to two decimal places) O A. $16,319 81 O B. $34357 48 O C. $50,580.19 O D. $66,900 00 Click to select your answer Type here to search enovoExplanation / Answer
Answer a. $16,319.81 Moving Average - Perpetual Inventory Date Purchases Cost of Goods Sold Balance Unit Cost Total Unit Cost Total Unit Cost Total 1-Oct 850 30.0000 25,500.00 1-Oct 325 32.0000 10,400.00 850 30.0000 25,500.00 325 32.0000 10,400.00 1,175 30.5532 35,900.00 10-Oct 425 30.5532 12,985.11 750 30.5532 22,914.89 14-Oct 450 36.0000 16,200.00 750 30.5532 22,914.89 450 36.0000 16,200.00 1,200 32.5957 39,114.89 20-Oct 600 32.5957 19,557.45 600 32.5957 19,557.45 22-Oct 400 37.0000 14,800.00 600 32.5957 19,557.45 400 37.0000 14,800.00 1,000 34.3574 34,357.45 29-Oct 525 34.3574 18,037.66 475 34.3574 16,319.81 Total 1,175 41,400.00 1,550 50,580.21
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