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Homework: Chapter 6 Graded Homework 3 of 10 (4 complete) Score: 0 of 3 pts E6-17A (similar to) Big Fish Company's inventory records for its retail division show the following at March 31: (Click the icon to view the accounting records.) At March 31, 8 of these units are on hand. Read the requirements Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and ending inventory average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar.) Number of units * Requirements Cost of goods sold Ending inventory 1. Compute cost of goods sold and ending inventory, using each of the following methods: a. Specific identification, with two $150 units and six $160 units still on hand at the end b. Average cost C. FIFO d. LIFO 2. Which method produces the highest cost of goods sold? Which method produces the lowest cost of goods sold? What causes the difference in cost of goods sold? Enter any number in the edit fields an Print Done parts 7 remaining Case 7-1 Tires....xlsx MacBook Air AMANDA BARRIC Save HW Score: 16%, 4 of 25 pts 10 (4 complete) Question Help ods: old and ending inventory using (a) specific identification, then (b) average cost, then (c) FIFO, and finally (d) LIFO. (Round the X Data Table - 4 units @ $ 150 = $ 600 the following Mar 1 Beginning inventory 15 Purchase 26 Purchase 5 units 151 = $ 755 still on hand 11 units 160 = $ 1,760 Print Done method nce in cost of Check Answer Shin A Homework: Chapter 6 Graded Homework 3 of 10 (5 com Score: 0 of 3 pts E6-17A (similar to) Big Fish Company's inventory records for its retail division show the following at March 31: (Click the icon to view the accounting records) At March 31, 8 of these units are on hand. Read the requirements Requirement 1. Compute cost of goods sold and ending inventory, using each of the following four inventory methods: Begin by entering the number of units sold and number of units in ending inventory. Then calculate cost of goods sold and endin average cost per unit to the nearest cent. Round all final answers to the nearest whole dollar) Number of units Cost of goods sold Ending inventory Enter any number in the edit fields and then click Check Answer 7 parts remaining Clear All Case 7-1 Tires...xlsx esc 000 F1 30 F3 F2 F4 F5 76 . $ # 3 % A 2 A d Homework HW Score: 24%, 6 of 25 pt 3 of 10 (5 complete Question Help ollowing at March 31: using each of the following four inventory methods: ding inventory. Then calculate cost of goods sold and ending inventory using (a) specific identification, then (b) average cost, thon (0) FIFO, and finally (d) LIFO. (Round the the nearest whole dollar)
