0 Suppose Madame, the specialty retailer, had these records for ladies' evening gowns during 2020 (Click on to view records) Assume sale of evening gowns totalled 132 units during 2020 and that Madame use the weight average cost method under the periodic invertory system to count for inventory. The income tax rate is 25% Requirements 1. Compute Madame's cost of goods sold for evening gowns in 2020 2. Compute what cost of goods sold would have been it Madame had purchased enough inventory in December 31,75 per evening gown-to knap year end Inventory at the same level was at the beginning of the year, 12 units. Requirement 1. Compute Mademo'y cont of goods sold for evening gowns in 2020. Round all interim calculations to the nearest whole dollar. Round your answer to the nearest whola dollar) The cost of goods told is Requirement 2. Computo what cost of goods sold would have been it Madame had purchased enough invertory in December 31,780 per evening gown to keep you end invertory at the same level was at the beginning of the you, 12 The cost of goods with the new units would be Accounting records units 5 R100 Beginning inventory (2 51.500) Purchase in February (23 51.550) Purchase in June ( 51.650) Purchase in December (2251,7509 Goodsave 35,650 108.00 38.500 $ 231.050 P Done Enter your answer in each of the answer boxes Suppose Mater, the specially taller, had these records for ladies evening gowns during 2000 Click keen to view recorde) Assure sale of evening on led 132 re during 2020 and that Madurre uses the weigh average con method under the periodic inventory system to account for inventory. The income tax rate is 29% Requirements 1. Compute Madam's cost of goods sold for evening gowns in 2020 2. Computer what cost of goods sold weave been Macane had purchased enough wertory in December-1.7 per evening gow-to keep you and Inventory at the same level was the being of the year. 32 Requirement 1. Compute Madame's cout of goods sold for evening powers in 2020. Round all interim calculations to the retreat whole dollar. Round your answer to the nearest whole dollar) The cost of goods Requirement 2. Compute what cost of goods sold would have been Madame had purchased enough inwestory in December 31,750 per evening gowntokep your Inventory at the same level it was at the beginning of the year, 32 The cost of goods with the new units would be Accounting records Beginning inventory (3251.500) Purchase in February (2351.550) Purchase in 105 $1,650) Purchase in December (2251750 Goods available $ 48,000 35,650 108.500 38,500 $ 231,050 Print Done Enter your answer in each of the answer boxes
