7) Page 3 Raw Materials Inventory Wood Purchase Date Amount Purchased 300 sq.ft. 200 sq. ft. Cost Per Sq.Ft. Total Cost 2015 2017 $7.00 $2,100.00 9.00 S1800.00 Total 500 sq. ft $3,900.00 250 sq. ft. need to be moved/credited from Raw Materials Inventory to the boat work in process/job cost sheet. Using the first in first (FIFO) method of inventory costing. what would be the the amount debited to the boat work in process/job cost sheet? Using the weighted average method of inventory costing, what would be the the amount debited to the boat work in process/job cost sheet EXTRA CREDIT- NOT COMPULSORY/REQUIRED Briefly explain none of these items/concepts discussed in class Enron Accounting Scandal Sabanes-Oxley Legislaton Total Quality Manangement (TQM) Enterprise Resource Planning 7) Page 3 Raw Materials Inventory Wood Purchase Date Amount Purchased 300 sq.ft. 200 sq. ft. Cost Per Sq.Ft. Total Cost 2015 2017 $7.00 $2,100.00 9.00 S1800.00 Total 500 sq. ft $3,900.00 250 sq. ft. need to be moved/credited from Raw Materials Inventory to the boat work in process/job cost sheet. Using the first in first (FIFO) method of inventory costing. what would be the the amount debited to the boat work in process/job cost sheet? Using the weighted average method of inventory costing, what would be the the amount debited to the boat work in process/job cost sheet EXTRA CREDIT- NOT COMPULSORY/REQUIRED Briefly explain none of these items/concepts discussed in class Enron Accounting Scandal Sabanes-Oxley Legislaton Total Quality Manangement (TQM) Enterprise Resource Planning