Question
a) Fill in the missing numbers in the inventory schedule using the weighted average cost inventory valuation method. This company uses the perpetual inventory
a) Fill in the missing numbers in the inventory schedule using the weighted average cost inventory valuation method. This company uses the perpetual inventory system Do not enter dollar sions or commas in the input boxes Bound all answers to 2 decimal places. When calculating the unit cost round to 2 decimal places an Inventory Schedule Purchases Sales Balance Transaction Description Opening Balance Quantity Amount Quantity Amount Quantity Amount $0 Purchase from DO Co 500 $5,500 00 $ 02 Sale to EE Co $ $ $ 250 $2,750.00 43 Sale to FF Co 125 #4 Purchase from GGG Co 80 $1,600.00 S #5 Sale to HH Co b) if the FIFO method had been used, what would the value of COGS been for the sale to HH Ca.? c) If the specific identification method had been used, what would the value of COGS been for the sale to HH Co.? Assume 10 of the units said to H Co. were purchased from DD Co and the other 10 units were purchased from GGG Co. COGS = $
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