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Inventory information for Big Chew for the month of December is as follows: Purchases (Units) Cost (Per Unit) Date 12/1 12/5 12/8 12/12 12/18
Inventory information for Big Chew for the month of December is as follows: Purchases (Units) Cost (Per Unit) Date 12/1 12/5 12/8 12/12 12/18 12/25 12/30 12/31 S 1,500 S 2.000 S 2.500 S P 1.75 2.00 2.25 COGAS 2.50 Sales (Units) Sale Price (per unit) Ending Units 5,000 3,000 S 4,000 $ EI 2,250 S Answer parts A - F below in the space provided by using the inventory information above. Remember: Use the power of Excel to calculate totals within transactions. Copying/pasting or typing directly into the cells will not earn full credit! 4.50 Part A: Calculate Big Chew's Cost of Goods Sold for December using the COGS Formula presented in the format shown below. In UNITS: BI 4.75 COGS 5.00 Part B: Calculate Big Chew's Cost of Goods Available for Sale for December using the formula presented in the format shown below. In DOLLARS: Beginning Inventory Cost: Total Purchases Cost: Total COGAS:
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