$1)$ Calculate Goods Available For Sale $($GAFS$)$ in dollars.

Date Units Unit Cost Extended Cost

$1/1/241600$ $$31\mathrm{.}00$ $$49,600\mathrm{.}00$

$6/26/243500$ $$33\mathrm{.}00$ $$115,500\mathrm{.}00$

$8/2/24200034\mathrm{.}0068,000\mathrm{.}00$

$7100$ $$233,100\mathrm{.}00$

$2)$ Calculate FIFO Cost of Goods Sold under a Periodic Inventory System $3)$ Calculate FIFO Ending Inventory under a Periodic Inventory System

$($HINT: You can do this directly using GAFS and COGS$)$

Units Sold Unit Cost Extended Cost

$1600$ $$31\mathrm{.}00$ $$49,600\mathrm{.}00$ FIFO Ending Inventory

$340033\mathrm{.}00112,200\mathrm{.}00$

FIFO COGS $$161,800\mathrm{.}00$

$4)$ Calculate LIFO Cost of Goods Sold under a Periodic Inventory System $5)$ Calculate LIFO Ending Inventory under a Periodic Inventory System

$($Hint: You can do this directly using GAFS and COGS$)$

Units Sold Unit Cost Extended Cost

$200034$ LIFO Ending Inventory

$3000$

LIFO COGS

$6)$ Calculate Weighted Average Ending Inventory and COGS under a Periodic Inventory System.

Weighted Average Cost$/$Unit

Units in Ending Inventory

Weighted Average Ending Inventory

Weighted Average COGS

$7)$ What are the following under a Perpetual Inventory System?

FIFO COGS FIFO Ending Inventory

$8)$ Calculate LIFO Cost of Goods Sold & Ending Inventory under a Perpetual Inventory System $($HINT: The textbook example $7\mathrm{.}8$ on page $7-16$ demonstrates how to do this$)$

Purchased Sold Balance in Inventory

Date No$.$ of units Unit cost No$.$ of units Unit cost No$.$ of units Unit cost Amount

$1/1/241600$ $$31\mathrm{.}001600$ $$31\mathrm{.}00$ $$49,600\mathrm{.}00$

LIFO Ending Inventory $-$ Perpetual System

LIFO COGS $-$ Perpetual System

$9)$ Calculate Moving Average Cost of Goods Sold & Ending Inventory under a Perpetual Inventory System $($HINT: The textbook example $7\mathrm{.}10$ on page $7-19$ demonstrates how to do this$)$

Purchased Sold Balance in Inventory

Date No$.$ of units Unit cost No$.$ of units Unit cost No$.$ of units Unit cost Amount Moving Average Unit Cost

$1/1/241600$ $$31\mathrm{.}001600$ $$31\mathrm{.}00$ $$49,600\mathrm{.}00$ $$31\mathrm{.}00$

Moving Average Ending Inventory

Moving Average COGS