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1) - 10) inah Company has the following information available for the year: Unita Unit Cost 1/1 Beginning inventory 100 57 1/20 Purchase 400 59
1) - 10)
inah Company has the following information available for the year: Unita Unit Cost 1/1 Beginning inventory 100 57 1/20 Purchase 400 59 7/25 Purchase 200 $10 490 0/28 Sale 10/20 Purchase 300 $11 INSTRUCTIONS: Fill in the blanks provided by computing the necessary information. DO NOT WRITE S SIGNS. MAKE SURE YOU USE COMMAS WHERE NEEDED. FAILURE TO FOLLOW THESE INSTRUCTIONS WILL RESULT IN THE PROBLEM TO BE MARKED AS INCORRECT. (NO $10000) (NO-$10,000) (NO -10000) (YES - 10,000) 1) The Units Available for sale are: units 2) The Cost of Goods Available for Sale is: $ 3) The total units in Ending Inventory is: units 4) The total units sold is: units USING PERIODIC FIFO 5) The Cost of Goods Sold for the year using PERIODIC FIFO is: $ 6) The value of Ending Inventory using PERIODIC FIFO is: $ USING PERIODIC LIFO 7) The Cost of Goods Sold for the year using PERIODIC LIFO is: $ 8) The value of Ending Inventory using PERIODIC LIFO is: $ USING AVERAGE-COST METHOD (PERIODIC) 5) The Cost of Goods Sold for the year using PERIODIC FIFO is: $ 6) The value of Ending Inventory using PERIODIC FIFO is: $ USING PERIODIC LIFO 7) The Cost of Goods Sold for the year using PERIODIC LIFO is: $ 8) The value of Ending Inventory using PERIODIC LIFO is: $ USING AVERAGE-COST METHOD (PERIODIC) 9) The Cost of Goods Sold for the year using Average-Cost is: $ 10) The value of Ending Inventory using Average-Cost is: $ USING PERPETUAL FIFO 5) The Cost of Goods Sold for the year using PERPETUAL FIFO is: $ 6) The value of Ending Inventory using PERPETUAL FIFO is: $ USING PERPETUAL LIFO 7) The Cost of Goods Sold for the year using PERPETUAL LIFO is: $ 8) The value of Ending Inventory using PERPETUAL LIFO is: $ USING MOVING AVERAGE-COST METHOD (PERPETUAL) 9) The Cost of Goods Sold for the year using MOVING Average-Cost (PERPETUAL) is: $ 10) The value of Ending Inventory using MOVING Average-Cost (PERPETUAL) is: $ Step by Step Solution
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