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Also need the other requirements. Under the LIFO method and weighted average method an ane can ansacuon. Unce all of the transactions have been entered
Also need the other requirements. Under the LIFO method and weighted average method an ane can ansacuon. Unce all of the transactions have been entered into the po so Requirements 1. Determine the amount that would be reported in ending merchandise inventory on July 15 using the FIFO inventory costing method. 2. Determine the amount that would be reported in ending merchandise inventory on July 15 using the LIFO inventory costing method. 3. Determine the amount that would be reported in ending merchandise inventory on July 15 using the weighted average inventory costing nethod. (Round all amounts to the nearest cent, $X.XX.) Print Done 7.00 os 1.75 1.75 VOU VOLVents Totals Requirement 2. Determine the amount that would be reported in ending merchandise inventory on July 15 using the LIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have bey inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $X.XX. Enter the oldest inventory layers first.) Purchas Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jul 2 Totals Inter any number in the edit fields and then click Check Answer Clear All part remaining M . s after each transaction. Once all of the transactions have been entered i e ne More Info Quan Jul. 2 Purchased 8 gallons @ $1.75 each 6 Purchased 1 gallons @ $2.20 each 8 Sold 3 gallons of milk to a customer 13 Purchased 2 gallons @ $2.60 each 14 Sold 4 gallons of milk to a customer Print Done Done
Also need the other requirements. Under the LIFO method and weighted average method
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