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200 units at $4.00 Jan 10 400 units at $4.00 Ex 5 Gerry Company has the following inventory, purchases, and sales data for the
200 units at $4.00 Jan 10 400 units at $4.00 Ex 5 Gerry Company has the following inventory, purchases, and sales data for the month of January. The company uses the perpetual invenotry method. Using the given information, complete a subsidiary Inventory ledger for January under (a) FIFO, (b) LIFO, and (c) Weighted-Average (Round to 2 decimal places). Begin. Inventory: Purchases: Sales: Jan 20 400 units at $4.60 Jan 15 Jan 25 500 units for $9.00 400 units for $9.00 Jan 30 300 units at $5.00 (a) FIFO Purchases Cost of Merchandise Sold Inventory Unit Total Date Quantity Cost Cost Quantity Unit Cost Total Cost Unit Total Quantity Cost Cost Jan 1 200 4.00 800.00 Jan 10 Jan 15 (b) LIFO (c) W/A Jan 20 Jan 25 Jan 30 Jan 31 Balances Purchases Cost of Merchandise Sold Inventory Unit Total Date Quantity Cost Cost Quantity Unit Cost Total Cost Unit Total Quantity Cost Cost Jan 1 200 4.00 800.00 Jan 10 Jan 15 Jan 20 Jan 25 Jan 30 Jan 31 Balances Purchases Cost of Merchandise Sold Inventory Unit Total Total Unit Total Date Jan 1 Quantity Cost Cost Quantity Unit Cost Cost Quantity Cost Cost 200 4.00 800.00 Jan 10 Jan 15 Jan 20 Jan 25 Jan 30 Jan 31 Balances
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