At the end of January of the current year, the records of Dorner Company showed the timing for a particular $ TER Investory. Jasary! Mease 12 Pura, aty 26 ita 700 33,00 * 200 (2001 Required: to. Assuming the use of a periodic inventory system.Compute Cost of Goods Sold under each method of inventory average cost FIFO, LIFO, and specific identification. For specific identification, assume that the flest sale was selected from te beginning inventory and the second sale was selected from the January 12 purchase. 1b. Assuming the use of a periodic Inventory system, prepare a partial income statement under each method of inventory average Cost. (b) FIFO. IO UFO and especific identification. For specific identification, sume that the festsales sected from beginning Inventory and the second son was selected from the incary 12 purchase Complete this question by entering your answers in the tabs below. RIA Assuming the use of a periodic inventory system compute Cost of Goods Sold under och methods Inventory and the second sale was selected from the January 12 purchased price to 2 ceo A Cout Cet of Good Alle for Sale Could be Unite Coute Une Osode of Unite Cout tor Co Go Sale Beginning January Juary Tuta PIPO Cowel Able for alle Could sole Conor Cett Goods Jaunis Cost Un Solid Doe Sale for Unte Beginning inventory January 21 uro Cost of Great for Cote Contat Une Cust Geode of Units Cost per Un alle Costa Sale Segung very Pune January 26 Specification Cost of Good Aslable for sale Cost of of Unit Cole Goede Cented Good Bold Unit Cow Costa U Sud Beginning January Jan Tube At the end of January of the current year, the records of Dorner Company showed the timing for a particular $ TER Investory. Jasary! Mease 12 Pura, aty 26 ita 700 33,00 * 200 (2001 Required: to. Assuming the use of a periodic inventory system.Compute Cost of Goods Sold under each method of inventory average cost FIFO, LIFO, and specific identification. For specific identification, assume that the flest sale was selected from te beginning inventory and the second sale was selected from the January 12 purchase. 1b. Assuming the use of a periodic Inventory system, prepare a partial income statement under each method of inventory average Cost. (b) FIFO. IO UFO and especific identification. For specific identification, sume that the festsales sected from beginning Inventory and the second son was selected from the incary 12 purchase Complete this question by entering your answers in the tabs below. RIA Assuming the use of a periodic inventory system compute Cost of Goods Sold under och methods Inventory and the second sale was selected from the January 12 purchased price to 2 ceo A Cout Cet of Good Alle for Sale Could be Unite Coute Une Osode of Unite Cout tor Co Go Sale Beginning January Juary Tuta PIPO Cowel Able for alle Could sole Conor Cett Goods Jaunis Cost Un Solid Doe Sale for Unte Beginning inventory January 21 uro Cost of Great for Cote Contat Une Cust Geode of Units Cost per Un alle Costa Sale Segung very Pune January 26 Specification Cost of Good Aslable for sale Cost of of Unit Cole Goede Cented Good Bold Unit Cow Costa U Sud Beginning January Jan Tube Part A Required information Reg 1A Req 16 Assuming the use of a periodic inventory system, compute Cost of Goods Sold under each method of inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning Inventory and the second sale was selected from the January 12 purchase. (Round unit price to 2 decimal places. Input all amounts as positive values.) Average Cost Cost of Goods Sold Cost of Good Available for Sale Cost of Goods Unit Available for Sale of Units Cost per of Units Cost per Sold Unit Cost of Goods Sold Beginning inventory Purchase January 12 January 26 Totai 5 0 FIFO Cost of Goods Sold Cost of Goods Available for Sale Costo Goods Unik Available for Sale of Us Center of Unit Sold Cost per Unit Coat of Goods Bald $ 0 Beginning in Phases January 12 Day 2 $ 0 P of 9 EE! Next > Otv S 1b. Assuming the use of a periodic Inventory system, prepare a partial income statement under each method of inventory: (a) cost. (b) FIFO, (c) LIFO, and (d) specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. Complete this question by entering your answers in the tabs below. Red 1A Reg 1B Assuming the use of a periodic inventory system, prepare a partial Income statement under each method of inventory: (a) average cost, (b) FIFO, (c) LIFO, and (d) specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. DONNER COMPANY Partial Income Statement For the Month Ended January 31, Current Year (a) (b) (c) (d) Specific Identification Average Cost FIFO LIFO
