3 Part of Required information Exercise 6-4B Calculate inventory amounts when costs are rising (L06-3) The following information applies to the questions displayed below) During the year, a company has the following inventory transactions 0.83 Unit Coat 5.43 0420.47 Date Transaction Jan. 1 Deginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 51 131 201 113 48 Total Cost 5 2,193 5,895 9,648 5,439 $23,175 494 Bor For the entire year, the company sells 431 units of inventory for $61 each. Hin Exercise 6-4B Part 1 Pint Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Heferences FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods unit Available for Sale $ 0 Cost per of units Cost per M of units Cost of Goods Sold # of units Cost Ending per unit Inventory s 0 $ 0 0 0 0 Beginning inventory Purchases Apr. 7 Jul 10 Oct Total $ $ $ 0 0 0 0 0 0 0 0 S Sales revenue Gross profit 4 Part 2 of 3 Required information Exercise 6-4B Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below.) During the year, a company has the following inventory transactions. 83 pints Number of Units 51 8 04:20:35 Date Transaction Jan. 1 Beginning Inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Unit Cost $ 43 45 48 131 201 111 494 Total Cost $ 2,193 5,895 9,648 5,439 $23, 175 eBook For the entire year, the company sells 431 units of inventory for $61 each. Hint Exercise 6-4B Part 2 Print 2. Using LIFO, calculate ending inventory.cost of goods sold, sales revenue and gross profit. References LIFO Cost of Goods Available for Sale Ending inventory Cost of Goods Sold Cost per Cost of # of units Goods unit Sold Cost per # of units unit Cost of Goods Available for Sale $ 0 # of units Cost Ending per unit Inventory 0 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 0 0 0 $ 0 Sales revenue Gross profit 3 of 3 . Required information Exercise 6-4B Calculate inventory amounts when costs are rising (L06-3) The following information applies to the questions displayed below) During the year, a company has the following Inventory transactions. Number of Unit Transaction Unita Coat Total Cast Jan. 1 Beginning Inventory 51 $ 43 $ 2,193 Apr. 7 Purchase 5,895 Jul. 16 Purchase 201 9,648 Oct. 6 Purebase 111 49 5.439 $23.175 Date 14.20-13 131 494 ook + For the entire year, the company sells 431 units of inventory for $61 each. Exercise 6-4B Part 3 3. Using weighted-average cost, calculate ending inventory.cost of goods sold, sales revenue and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Sold - Weighted Average Cost Ending Inventory Weighted Average Cont Weighted Average Cout Cost of Goods Available for Sale Cost per Cost of Goods of units Available for unit Sale of units Sold Cost per Unit Cost of Goods Sold of units in Ending Inventory Cost per unit Ending Inventory 51 $ 2.193 131 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 201 111 494 5,895 9,648 5.439 23,175 $ Sales revenue Gross profit