BATHING APE Page 2 Power 2014 March 2018 XYZ x Q survey of

BATHING APE . Page 2 × Power (2014-) March 2018, XYZ x Q survey of acco cha × ackboard.eouedu/webapps/assessment/take/launch.jsp?course assessment id 500093 18oourse id 445464 1&content; id _1010566 O Bolth are FIFO QUESTION 10 Ralph\'s Wholesale had the following beginning inventory and purchases of inventory during 2017 an 1 Beginning inventory March 1 Purchase May 1 Purchase uly 1 Purchase Sept 1 Purchase 10 $15 3150 30 514 $420 40 $14 10 $13 20 $12 $240 Novenber 1 Purchus10 512 $130 0$12 $120 On the last day of the year, Ralph had 35 units in ending inventory $1.200.00 $980.00 If Ralph applies the weighted-average inventory costing sytem, then the Income Statement would show Cost of Goods Sold of. $1,27500 $1,147.50 QUESTION 11 Ralph\'s Wholesale had the following beginning inventory and purchases of inventory during 2017 Chick Save and Submit to save and submit. Cliek Save All Answers to save all ansvers Save Al

Solution

The weighted average cost per unit = $1,620 / 120 units =$13.5per unit

The units of sale are = 120 units - 35 units = 85 units

The value of ending inventory = $13.5*35 = $472.5

The cost of goods sold = $1,620 - $472.5 = $1,147.5

Ans is option 4