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1. EX.06-13.ALGO (Algorithmic) Periodic Inventory by three methods; cost of goods sold The units of an item available for sale during the year were as

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1. EX.06-13.ALGO (Algorithmic) Periodic Inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $98 Mar. 10 Purchase 60 units at $106 Aug. 30 Purchase 20 units at $112 Dec. 12 Purchase 70 units at $114 There are 60 units of the item in the physical inventory at December 31. The periodic inventory system is used Determine the ending inventory cost and the cost of goods sold by three methods. Round interim calculations to one decimal and final answers to the nearest whole dollar. Cost of Ending Inventory and Cost of Goods Sold Inventory Method Ending Inventory Cost of Goods Sold $ First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted average cost 2. BE.06-02.ALGO (Algorithmic) Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 68 units @ $17 7 Sale 46 units 15 Purchase 46 units @ $20 24 Sale 30 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a)the cost of goods sold on October 24 and (b) the inventory on October 31. a. Cost of goods sold on October 24 $ b. Inventory on October 31 $ 3. BE.06-03.ALGO (Algorithmic) Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Jul. 1 Inventory 102 units @ $18 8 Sale 82 units 15 Purchase 113 units $20 27 Sale 95 units de Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of goods sold on Jul. 27 and (b) the inventory on Jul. 31. woll 25 90 169 artib 162 101 de maio in an a. Cost of goods sold on Jul. 27 $ Besoins b. Inventory on Jul. 31 $ 3012 in 16 S11236 in OS QUA ME) OS SE00

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