143 Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control & Aux Input Subtotal 169 211 S 25,168 $ 29,744 31,556 33,971 s 56.724 63,715 25,168 31,556 196 56,724 Totals S 565,367 $ 553,904 546,675 $ 532,258 2. Prepare the appropriate entry, if any, for 1(a) and 1(b), View transaction list View journal entry worksheet No General Journal Credit Date Dec 31 Debit 33.109 1 Cost of goods sold Merchandise inventory 33,109 Dec 31 18.692 Cost of goods sold Merchandise inventory Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020 13 punches Sept. 5 purchased Oct. 10 sold Gale Company employs a perpetuo inventory system Required: 1. Calculate the dollar value of ending inventory and cost of goods sold und (Round your intermediate calculations and final answers to 2 decimal places.) and fine Cost of Goods H Inventory weighted average (Round your intermediate calculations and final answers 2. Using your calcu decimal places.) Urban Glam Cosmetics made purchases of lipstick in the current year as follows 103 units @ $14.00 390 units @ $15.ee 640 units @ 516.00 1,133 units + $ 1,442 5.850 10.240 Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Units avallable for sale Cost of goods available for $17,932 Cost of Urban Glam Cosmetics on the following dates at a selling price of $34 per unit Jan. 18 84 units Mar. 15 320 units Oct. 5 590 units Totals 994 units Required: Required: The business uses a perpetual'inventory system 1. Determine the costs that should be assigned to the ending vento ending laventory and to goods sold under the following methods (Do not round 1 POPP Y intermediate calculations. Round your final answe 2 decimal places) Ending Inventory Cost of Goods FIFO Moving weighted average Telamark Company uses the moving weighted average method for inventory costing. Required: The following incomplete Inventory sheet regarding Product W506 is available for the month of March 2020. Complete the inventory Sheet (Use the value of the ending Inventory as your base number and adjust the COGS S amount to the required amount to make the Total Goods Available for Sale to the total of the value of the ending Inventory and the COGS total. Negative value should be indicated with minus sign. Round your Intermediate and final answers to 2 decimal places.) Purchases Transportation-In! (Purchase Returns Discounts Cost of Goods SolarReturns to Inventory Dato T otats Units Costunut Total Balance in Inventory RE Avg Total $ Units Costinit 703 9 3.00 0.510.00 Units Costunit Brought Forward 45 5 95.00 50 Note: March 4 reflects a return made by a customer of incorrect items shipped on March 3; these items were re Inventory Analysis Component: The gross pro z ed on the sale of Product W506 During Fra 220 W The selling het $158.cuno both February and March Calculate the gross profit for product 506 for Mach 2020 ondetermine whether the changes Tavorable or unfavorable from February. (Round your Intermediate calculations and final answer to 2 decimal plece. oble Paddington Gifts made purchases of a particular product in the current year as follows Jan. 1 Beginning inventor Mar Purchased July 28 Purchased Oct Durchased Totals 4 units bee units 1. lee unit$ see units 57 $6.6 55.ee $5. Required: 1. The business uses a pertodic inventory system. Ending inventory consists or 130 units calculate the costs to be assigned to the ending Inventory and to goods sold unders (Round Intermediate calculations and final answers to 2 decimal places for "Weighted average cost") Ending Cost inventory Weighted average 2. Which method provides the lower profit? FIFO Weighted average cost 143 Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control & Aux Input Subtotal 169 211 S 25,168 $ 29,744 31,556 33,971 s 56.724 63,715 25,168 31,556 196 56,724 Totals S 565,367 $ 553,904 546,675 $ 532,258 2. Prepare the appropriate entry, if any, for 1(a) and 1(b), View transaction list View journal entry worksheet No General Journal Credit Date Dec 31 Debit 33.109 1 Cost of goods sold Merchandise inventory 33,109 Dec 31 18.692 Cost of goods sold Merchandise inventory Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020 13 punches Sept. 5 purchased Oct. 10 sold Gale Company employs a perpetuo inventory system Required: 1. Calculate the dollar value of ending inventory and cost of goods sold und (Round your intermediate calculations and final answers to 2 decimal places.) and fine Cost of Goods H Inventory weighted average (Round your intermediate calculations and final answers 2. Using your calcu decimal places.) Urban Glam Cosmetics made purchases of lipstick in the current year as follows 103 units @ $14.00 390 units @ $15.ee 640 units @ 516.00 1,133 units + $ 1,442 5.850 10.240 Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Units avallable for sale Cost of goods available for $17,932 Cost of Urban Glam Cosmetics on the following dates at a selling price of $34 per unit Jan. 18 84 units Mar. 15 320 units Oct. 5 590 units Totals 994 units Required: Required: The business uses a perpetual'inventory system 1. Determine the costs that should be assigned to the ending vento ending laventory and to goods sold under the following methods (Do not round 1 POPP Y intermediate calculations. Round your final answe 2 decimal places) Ending Inventory Cost of Goods FIFO Moving weighted average Telamark Company uses the moving weighted average method for inventory costing. Required: The following incomplete Inventory sheet regarding Product W506 is available for the month of March 2020. Complete the inventory Sheet (Use the value of the ending Inventory as your base number and adjust the COGS S amount to the required amount to make the Total Goods Available for Sale to the total of the value of the ending Inventory and the COGS total. Negative value should be indicated with minus sign. Round your Intermediate and final answers to 2 decimal places.) Purchases Transportation-In! (Purchase Returns Discounts Cost of Goods SolarReturns to Inventory Dato T otats Units Costunut Total Balance in Inventory RE Avg Total $ Units Costinit 703 9 3.00 0.510.00 Units Costunit Brought Forward 45 5 95.00 50 Note: March 4 reflects a return made by a customer of incorrect items shipped on March 3; these items were re Inventory Analysis Component: The gross pro z ed on the sale of Product W506 During Fra 220 W The selling het $158.cuno both February and March Calculate the gross profit for product 506 for Mach 2020 ondetermine whether the changes Tavorable or unfavorable from February. (Round your Intermediate calculations and final answer to 2 decimal plece. oble Paddington Gifts made purchases of a particular product in the current year as follows Jan. 1 Beginning inventor Mar Purchased July 28 Purchased Oct Durchased Totals 4 units bee units 1. lee unit$ see units 57 $6.6 55.ee $5. Required: 1. The business uses a pertodic inventory system. Ending inventory consists or 130 units calculate the costs to be assigned to the ending Inventory and to goods sold unders (Round Intermediate calculations and final answers to 2 decimal places for "Weighted average cost") Ending Cost inventory Weighted average 2. Which method provides the lower profit? FIFO Weighted average cost