A Company Sells a Single Product and Had the Following

question 54

Essay

A company sells a single product and had the following beginning inventory, purchases, and sales during March.
$$\begin{array} { | r | r | r | r | } \hline & & \text { Number wi units } & \text { Price per unit } \\\hline & \text { Beginning Inventory } & 20 & 8 \\\hline \text { March 6 } & \text { Purchase } & 40 & 10 \\\hline 8 & \text { Purchase } & 50 & 9 \\\hline 10 & \text { Sale } & 45 & 13 \\\hline 12 & \text { Sale } & 35 & 13 \\\hline 30 & \text { Purchase } & 25 & 7 \\\hline\end{array}$$ Calculate the cost of the ending inventory under each assumption below:
(1) The compary uses a periodic inventory systern ard determiries cost on a FIFO basis.
Endinig inventory cost_________________

(2) The compary uses a periodic irmentory system ard deterniries cost an a weighted average basis. (Round average cost per wit to 2 decimals.)
Endinig invenitory cost__________________

---

Definitions:

Distribution Center

A facility from which goods are distributed to stores or customers, optimizing the supply chain by consolidating shipments.

Dallas

A major city in the state of Texas, known for its cultural activities, historical significance, and economic contributions.

Time Constraint

A specific limitation or deadline within which an action, task, or project must be completed.

Sintering Department

A specialized division in manufacturing where powder materials are fused together by heating them below their melting point, commonly in metallurgy.