Danny’s YoYos sells high quality yoyos. The inventory, purchases, and sales for a recent month in chronological order are as follows: Date Activities Units Acquired and Sold Oct 1 Beginning inventory 100 units @ $5.50 per unit Oct 4 Sales 20 units Oct 7 Purchase 165 units @ $5.95 per unit Oct 10 Sales 180 units Oct 16 Purchase 40 units @ $6.25 per unit Oct 28 Sales 50 units Assume that Danny’s YoYos uses a perpetual inventory system. Requirements Compute cost of goods available for sale and the number of units available for sale. Compute the number of units in ending inventory. Compute the cost assigned to ending inventory using: Weighted average (step-by-step using table)

Danny’s YoYos sells high quality yoyos. The inventory, purchases, and sales for a recent month in chronological order are as follows: Date Activities Units Acquired and Sold Oct 1 Beginning inventory...

Danny’s YoYos sells high quality yoyos. The inventory, purchases, and sales for a recent month in chronological order are as follows:

Assume that Danny’s YoYos uses a perpetual inventory system.

Requirements

Compute cost of goods available for sale and the number of units available for sale.

Jun 09, 2022