Bridgeport Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 77 units were sold. Explanation Unit Cost Date Units Total Cost May 1 Inventory 32 $9...

Bridgeport Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 77 units were sold.<br>Explanation<br>Unit Cost<br>Date<br>Units<br>Total Cost<br>May 1<br>Inventory<br>32<br>$9<br>$288<br>15<br>Purchase<br>25<br>10<br>250<br>42<br>24<br>Purchase<br>11<br>462<br>Total<br>99<br>$1,000<br>Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)<br>Weighted-average unit cost<br>$<br>LINK TO TEXT<br>VIDEO: APPLIED SKILLS<br>VIDEO: SIMILAR EXERCISE<br>Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.)<br>FIFO<br>LIFO<br>AVERAGE-COST<br>The ending inventory at May 31<br>$4<br>$<br>$4<br>

Extracted text: Bridgeport Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 77 units were sold. Explanation Unit Cost Date Units Total Cost May 1 Inventory 32 $9 $288 15 Purchase 25 10 250 42 24 Purchase 11 462 Total 99 $1,000 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at May 31 $4 $ $4

Jun 09, 2022

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Bridgeport Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 77 units were sold. Explanation Unit Cost Date Units Total Cost May 1 Inventory 32 $9...

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