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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 inventory system.
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 signs or commas in the input boxes. Round all answers to 2 decimal places. When calculating the unit cost, round to 2 decimal places as well. Inventory Schedule Sales Balance Quantity Amount Quantity Amount 0 $0 $ $ Purchases Transaction Description Quantity Amount Opening Balance Purchase #1 from AAA 400 $4,000.00 Co. $ Sale to SSS #2 Co. Sale to TTT #3 Co. Purchase #4 from BBB 80 Co. Sale to #5 UUU Co. $ 200 $ $ 100 $ $1,280.00 $ $ $ $ 30 b) If the FIFO method had been used, what would the value of COGS been for the sale to UUU Co.? COGS = $ 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 = $ $2,000.00
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