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3. Trooper Company has provided the following inventory data for the year: Cost per Unit $8 1/1 2/14 5/23 8/21 11/5 11/18 Transaction Balance Sale
3. Trooper Company has provided the following inventory data for the year: Cost per Unit $8 1/1 2/14 5/23 8/21 11/5 11/18 Transaction Balance Sale Purchase Sale Purchase Sale Units 50 25 100 50 25 95 10 14 Required: Compute the cost of goods sold and the ending inventory using the periodic inventory system for each of the following cost flow assumptions: a. FIFO - 5 pts with calculations; 1 pt. without b. LIFO - 5 pts with calculations; 1 pt. without C. Weighted Average - 5 pts with calculations; 1 pt. without Use the shaded cells of the tables to enter your information. SHOW YOUR CALCULATIONS # Units Unit Cost Total Cost FIFO Cost of Ending Inventory: Cost of Goods Sold: Total LIFO Cost of Ending Inventory Units Unit Cost Total Cost Cost of Merchandise Sold: Total Cost
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