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1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost per #
1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost per # of units Cost of Goods Unit Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total 2. Compute the number of units In ending Inventory. Ending inventory units 3. Compute the cost assigned to ending Inventory using (a) FIFO, (D) LIFO. (c) weighted average, and (d) specific Identification. For specific Identification, the March 9 sale consisted of 125 units from beginning Inventory and 255 units from the March 5 purchase; the March 29 sale consisted of 105 units from the March 18 purchase and 145 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit Date # of units sold Cost per cost of Goods Sold unit Inventory Balance # of units Cost per Inventory unit Balance 220 @ $ 53.40 $ 11.748.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals S 0.00 Perpetual FIFO Perpetual LIFO > Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Specific Id Average Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per cost of Goods Sold sold unit Cost per Date Inventory Balance # of units Inventory unit Balance 220 @ $ 53.40 = $11.748.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of units Cost per Cost of Goods Cost per Date units sold # of units unit unit Inventory Balance Sold unit March 1 220 S 53.40 S 11.748.00 # of Cost per March 5 Average March 9 March 18 Average March 25 March 20 Totals s 0.00 Perpetual LIFO Specific id > Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 125 units from beginning inventory and 255 units from the March 5 purchase; the March 29 sale consisted of 105 units from the March 18 purchase and 145 units from the March 25 purchase. Specific Identification: Goods Purchased Cost per # of units Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per # of units unit Inventory Balance Date unit March 1 220 @ $ 53.40 = $ 11.748.00 March March 9 March 18 March 25 March 29 Totals S 0.00
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