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Amigone Funeral Home uses a perpetual inventory system to keep track of all products they offer for sale such as caskets, burial valts, Urns, etc.
Amigone Funeral Home uses a perpetual inventory system to keep track of all products they offer for sale such as caskets, burial valts, Urns, etc. Information about the inventory is found below and should be used to answer all questions.
, Urns, 62 5) Calculate Cost of Goods Sold, Gross Margin, and Ending Inventory using Perpetual LIFO 64 Cost of Goods Sold \begin{tabular}{l|l} 65 & Cost of Goods Sold \\ 66 & \\ 67 & \\ 68 & \\ 69 & \\ \hline 70 & Totals \\ \hline 71 & \\ \hline 72 & Gross Margin \\ \hline 73 & \\ \hline 74 & Ending Inventory \\ \hline 75 & \end{tabular} 75 Total Ending Inventory \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline \end{tabular} 6) Now assume the business uses the PERIODIC Weighted Average Inventory method. Calculate Cost of Goods Sold, Gross Margin, and Ending Inventory. 83 Wieghted Average Cost Per Unit 84 Cost of Goods Sold 86 Ending Inventory \$ value 88
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