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10A. Read Books has the following transactions in August related to merchandise Inwentory (Click the icon to view the transactions.) Read the requirements average cost
10A. Read Books has the following transactions in August related to merchandise Inwentory (Click the icon to view the transactions.) Read the requirements average cost per unit to the nearest cenil and all other amounts to the nearest dolar.) 2, b., and c. Determine the cost of gards sald and encing merchandise inverary using the (s) FIFO inventory coating method, (b) LIFO inventary casting method, and c) weighted average invertory casting method assuming Read Books uses the periodic inventory system. (Round weighted FIFD Requirements Plus Less Cost of goods sold y using the a. Determine the cast of goods sold and ending merchandise inventory using the FIFO inventory cosing method assuming Read Books vees ne periodic inventory system b. Determine the cast of LIFO inventory cong Rod and ending merchant the periodo assurning Read Bucks uses Inventory system c. Determine the cost of goods sold and ending merchandise inventory using the weighted average inventary casting method assuming Read Boaks uses the periodic inventory system. More info Print Done Aug. 1 Aug. 2 Aug. 12 Aug. 15 Aug. 20 Aug. 28 Beginning merchandise Inventory 13 books $18 each Sold 4 books $21 each Purchased 10 books & $22 each Sold 10 books 821 each Purchesed 2 boole $26 och Sold 5 books 90 $25 each Print Done
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