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a ) Fill in the missing numbers in the inventory schedule using the weighted - average cost inventory valuation method. This company uses the perpetual
a Fill in the missing numbers in the inventory schedule using the weightedaverage cost inventory valuation method. This company uses the perpetual inventory system.
Do not enter dollar signs or commas in the input boxes.
Round all answers to decimal places. All unit cost calculations should be rounded to decimal places as well.
Inventory Schedule
Purchases Sales Balance
Transaction Description Quantity Amount Quantity Amount Quantity Amount
Opening Balance $
May Purchase from AAA Co $ Answer
$Answer
Answer
$Answer
May Sale to SSS Co Answer
$Answer
Answer
$Answer
$
May Sale to TTT Co Answer
$Answer
$Answer
Answer
$Answer
May Purchase from BBB Co $ Answer
$Answer
Answer
$Answer
May Sale to UUU Co Answer
$Answer
$Answer
Answer
$Answer
May Purchase from CCC Co $ Answer
$Answer
Answer
$Answer
b If the FIFO method had been used, what would the value of COGS been for the sale to UUU Co
COGS $Answer
c If the specific identification method had been used, what would the value of COGS been for the sale to UUU Co Assume all the units were purchased from BBB Co
COGS $Answer
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