3 The following inventory volume purchases, costs and sales activities were taken from the 4 October accounting records of Alexa Merchandising Company. Assuming the company currently 5 uses FIFO periodic inventory management system, compute the following required information 6 for performance evaluation: 1. Merchandise Inventory, Ending; 2. Cost of Goods Sold; 3. 7 Gross Profit. 8 9 10 11 Cost 5,00 5,25 5,30 12 Purchases Units 500 900 950 900 900 900 500 13 14 15 16 5,35 Date Beginning inventory 01-Oct 02-Oct 04-Oct 06-Oct 08-Oct 10-Oct 12-Oct 14-Oct 16-Oct 18-Oct 20-Oct 17 18 5,40 5,45 5,75 6,00 6,25 6,10 6,00 5,75 400 300 400 500 19 20 21 600 22 23 Date 24 25 26 27 Sales Units 1.300 1.000 800 600 1.000 800 03-Oct 05-Oct 07-Oct 09-Oct 11-Oct 13-Oct 15-Oct 17-Oct 19-Oct 21-Oct 28 29 30 31 Price 9,00 9,00 9,00 9,00 9,25 9,25 9,25 32 9,25 33 34 35 36 600 300 500 200 9,30 9,30 1 1 37 Additional requirements: 38 | 39 Assume that Alexa is contemplating on using FIFO - perpetual inventory system, compute the 40 following again: 4. Merchandise Inventory, Ending; 5. Cost of Goods Sold; 6. Gross Profit. 41 42 | 43 Assume that Alexa is contemplating on using LIFO - periodic inventory system, compute the 44 following again: 7. Merchandise Inventory, Ending; 8. Cost of Goods Sold; 9. Gross Profit. 45 46 ! 47 Assume that Alexa is contemplating on using Weighted Average inventory system, compute the 48 following again: 10. Merchandise Inventory, Ending; 11. Cost of Goods Sold; 12. Gross Profit. 49 50! 51 Assume that Alexa is contemplating on using Moving Average inventory system, compute the 52 following again: 13. Merchandise Inventory, Ending; 14. Cost of Goods Sold; 15. Gross Profit. 53 54 1 1 1