Using the Information Given Below for a Company That Uses

question 62

Essay

Using the information given below for a company that uses a perpetual inventory system,calculate the ending inventory using weighted average.
$$\begin{array} { | l | l | l | } \hline & \text { Units } & \text { Unit Cost } \\\hline \text { Beginning inventory } & 100 & \$ 10 \\\hline \text { Tan. 5 purchased } & 40 & 12 \\\hline \text { Tan. 10 sold } & 60 & - \\\hline \text { Tan. 15 purchased } & 70 & 13 \\\hline \text { Tan. 25 sold } & 50 & - \\\hline\end{array}$$

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Definitions:

Amino Acid

Organic compounds that combine to form proteins, serving as the building blocks of life.

Ammonia

A colorless gas with a characteristic pungent smell, used in many industrial and cleaning products, which is toxic in high concentrations.

Urea

Urea is a nitrogenous compound produced in the liver as a waste product of protein metabolism and excreted in urine.

Beta Oxidation

A metabolic process in which fatty acid molecules are broken down in the mitochondria to generate acetyl-CoA, which enters the citric acid cycle to produce energy.