all of the excel answers and inputs must be entered in formulas so if you could please enter the formula with answer it would be greatly appreciated
Inventory costing methods 1. Calculate cost of ending Inventory and cost of goods sold using periodic FIFO, LIFO, and Weighted Average cos KUB 5 6 FILE HOME INSERT X Calibri Inventory costing methods - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In 111AA % A. Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Styles f Better Bottles, Inc., uses a periodic inventory system and has the following Paste BIU- Clipboard Font A1 X E D Better Bottles, Inc., uses a periodic inventory system and has the following information available: 2 Description # of Units Cost per Unit Total Cost 4 Beginning Inventory 20 S 20.00 $ 400.00 5 an. 15 Purchase 27 22.00 594.00 6 Ian. 20 Purchase 33 30.00 990.00 7 3oods Available for Sale 80 s 1.984.00 8 ess: January Sales 36 9 Ending Inventory 44 10 11 12 Required: 13 D Calculate both the Ending Inventory and Cost of Goods Sold using Periodic FIFO. 14 C., uses a periodic inventory system a B D 15 FIFO Ending Inventory 16 Description # of Units Cost per Unit Total Cost 17 Jan. 20 Purchase 18 Jan. 15 Purchase 19 44 20 21 FIFO Cost of Goods Sold 22 Description # of Units Cost per Unit Total Cost 23 Beginning Inventory 24 Jan. 15 Purchase 25 36 26 27 2) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 28 6 7 2) Calculate both the Ending Inventory and Cost of Goods Sold using Periodic LIFO. 8 19 LIFO Ending Inventory 0 Description # of Units Cost per Unit Total Cost 31 Beginning Inventory 82 Jan. 15 Purchase 33 44 LIFO Cost of Goods Sold # of Units Cost per Unit Total Cost 35 36 Description 37 Jan. 20 Purchase 38 Jan. 15 Purchase 39 36 Prey 1 of 1 Ne 1 3) Using Periodic Weighted Average, first calculate the cost per unit using the formula below. 2 Next, apply that same cost per unit to calculate both the Ending Inventory and Cost of Goods Sold. 3 4 $ -6 Weighted Average Cost = Cost of Goods Available for Sale Number of Units Available for Sale per unit 7 18 Weighted Average Ending Inventory # of Units Cost per Unit Total Cost -9 0 1 -2 3 Weighted Average Cost of Goods Sold # of Units Cost per Unit Total Cost 55 56 4) Use the given information and your calculated numbers to complete the Cost of Goods Sold 57 Equation below for all three inventory methods. (All numbers should be positive.) 58 FIFO LIFO Wtd. Avg. 59 Beginning Inventory 60 Add: Purchases 61 Goods Available for Sale 62 Less: Ending Inventory 63 Cost of Goods Sold 64 65