(Appendices 6A and 6B) Inventory Costing Methods

they are three questions total

(Appendices 6A and 6B) Inventory Costing Methods Spiegel Department Store has the following data for inventory, purchases, and sales of merchandise for December: Splegel uses a periodic inventory system. All purchases and sales are for cash. 4. Prepare the fournal entries to record these transactions assuming Splegel chooses to use the Fifo method, If an amount box does not require in entry leave it blank. If required, round wour aneware +n .h. 2 nearest cent. 5. Conceptual Connection: Which method would result in the lowest amount paid for taxes? 5 more Check My Work uses remaining 3. Compute cost of goods sold and the cost of ending inventory using the average cost method. (Note; Use four decimal places for per unit calculations) Round your answers to the nearest cent. Cost of goods sold Cost of ending inventory